The Dr. Werner Jackstädt Chair of Economic and Business Ethics is dedicated to the dialog between theory and practice on the topic of corporate responsibility: On the basis of a theoretical conception which recognizes the moral quality of the market economy, we are oriented towards the practical problems and, thus, the question of how profit and morals can fruitfully coexist. Here, we apply the golden rule: Invest in the conditions of social cooperation for mutual advantage!
Therefore, good management means to be economically successful by implementing values-based management practices. Under the conditions of competition, this maxim constitutes a challenging task for the management of corporations.
The chair aims to enhance students’ ability to make reasonable ethical judgments by emphasizing the importance of focusing on a clearly defined problem, working as a team player and having a personal sense of responsibility.
The Dr. Werner Jackstädt Chair of Economic and Business Ethics believes that corporations must pursue sustainable value creation in order to maintain their societal legitimacy. The following diagram exemplifies the key pillars of sustainable value creation: