Business Ethics and Ethical Business / Edition 1

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Business Ethics and Ethical Business is a brief yet remarkably comprehensive introduction to the thought-provoking field of business ethics. The text is organized into three parts that cover the role of business in society, the ethics of internal management, and the challenges of international business. It introduces the standards essential in business ethics, explores a wide range of issues using concrete examples, and provides analytical tools for guiding ethical decisions in the real world.


* Includes an appendix containing sixteen short case scenarios modeled on ethical problems in business; these studies are keyed to relevant chapters and designed to stimulate class discussion and provide material for essay assignments
* Introduces central ethical theories including Aristotle's virtue ethics, Kant's rule-based ethics, Mill's utilitarianism, and Ross's common-sense pluralism
* Introduces a set of principles comprising a decision framework for conducting business ethically
* Examines the two main competing views of business in a democratic society—the free market view and the corporate social responsibility approach
* Considers both large companies and small, family-owned businesses
* Includes a glossary of many key terms in business ethics

Business Ethics and Ethical Business is ideal for undergraduate or MBA courses, as either a standalone text or a companion to an anthology or selected case studies. Every chapter is self-contained, so the text can be used in whole or in part and in long or short courses.

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Editorial Reviews

From the Publisher
"Business Ethics and Ethical Business is philosophically sophisticated and yet written in admirably clear prose. This is a virtuoso performance by one of the most distinguished scholars in the field of business ethics."—Edwin M. Hartman, Leonard N. Stern School of Business, New York University

"As we have come to expect of Audi's work, the reasoning and style contained in Business Ethics and Ethical Business has the 'triple-barrels' of richness, insightfulness, and clarity."—Mitchell R. Haney, University of North Florida

"This elegant and concise introduction to business ethics examines business as a practice that sits at the nexus of democratic values, free market values, and individual and community conceptions of the good life."—Joanne B. Ciulla, University of Richmond

"Audi cuts away the fluff and gives his reader the essentials without unnecessary embellishment."—Peter Madsen, Carnegie Mellon University

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Product Details

  • ISBN-13: 9780195369106
  • Publisher: Oxford University Press, USA
  • Publication date: 8/28/2008
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 176
  • Sales rank: 471,251
  • Product dimensions: 5.50 (w) x 8.10 (h) x 0.50 (d)

Table of Contents

1. Two Democratic Traditions
Foundations of Capitalism
Two Conceptions of Democracy
2. The Rights and Social Responsibilities of Business
The Moral Rights of Businesses
A Proposal for Justifying Inequalities in Free Democracies
Determining Ethical Obligations: Some Major Approaches
Ethical Obligation and Legal Requirements
3. The Constituencies of Ethical Business
Limitations of Ownership Rights
The Interests of Stockholders
The Multiple-Constituency View of the Corporation
Constituents as "Stakeholders"
4. A Framework for Making Ethical Decisions
Common-Sense Ethical Principles
A Five-Step Model for Making Difficult Ethical Decisions
5. Ethical Business, Environmental Responsibility, and Sustainability
The Value of the Environment
The Ethical Importance of Future Generations
The Ideal of Sustainability
6. Marketing: Product, Target, and Image
Some Major Dimensions of Marketing Ethics
Five Types of Ethical Problems in Marketing
Insincerity, Deception, and Manipulation in Marketing
Advertising and the Limits of Persuasive Representation
The Ethics of Creating Desire
The Interdependence of Marketing and Manufacturing Decisions
Advertising and the Human Image
7. The Ethics of Financial Representation
The Centrality of Accounting in Capitalist Democracies
The Public Representation of Financial Positions
Judgment, Clarity, and Conflicts of Interest in Accounting
8. Hiring Policies and Compensation Standards
Preferential Hiring and Affirmative Action
Rationales for Affirmative Action
Promotion and Remuneration
Qualifications and Merit
Executive Compensation
An Approach to Fairness in CEO Compensation
9. Conditions of Employment and Codes of Ethics
Safety, Risk, and Informed Consent
Healthcare Obligations and Responsibilities
Privacy in Employment
Private Lives and the Movable Workplace
Company Codes and Mission Statements
10. Religion in the Workplace
Church-State Separation as a Starting Point in Employment
Some Applications to Managerial Policy Questions
Religion in Large Public Companies
Demonstrative Affiliation in Employment
11. Managerial Leadership and Corporate Culture
Corporate Culture, Ethos, and Ethics
Managerial Hierarchy and Its Limitations
Leadership Versus Power
Ethical Leadership and Leadership in Ethics
Meaningful Work and the Creation of Value
12. International Trade and Cross-Cultural Standards
Intercultural Understanding
Child Labor
Gift-Giving in Business
Gift-Giving Versus Bribery
13. Nationality, International Business Ethics, and Cosmopolitanism
Cultural Adaptation, Relativity, and Standards of Negotiation
Ethical Limits in Negotiation Strategies
The Relation Between Ethics and Law
Intellectual Property, Technology Transfer, and Porous Borders
Ethics and Law in International Business
International Cooperation and Cosmopolitanism
14. Conclusion
Brief Case Scenarios

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