Ethical Issues in Business: A Philosophical Approach

Ethical Issues in Business: A Philosophical Approach

by Thomas Donaldson, Patricia H. Werhare
     
 

This widely used business ethics book begins by introducing students/readers to moral reasoning. A collection of readings and cases from both philosophical literature and business articles apply ethical theory to real-life business situations. Well-known scandals involving companies like Enron, WorldCom, Tyco, Merrill

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Overview

This widely used business ethics book begins by introducing students/readers to moral reasoning. A collection of readings and cases from both philosophical literature and business articles apply ethical theory to real-life business situations. Well-known scandals involving companies like Enron, WorldCom, Tyco, Merrill Lynch, and Parmalat have increased public awareness of business ethics, underscored its importance, and ushered in a new era of increased corporate regulation and governance.

 

Now, more than ever, a student planning on entering the business world, and anyone working for a corporation, investing in stock, or even interacting with businesses will benefit from a basic understanding of business ethics.

Product Details

ISBN-13:
9780132900645
Publisher:
Prentice Hall Professional Technical Reference
Publication date:
01/01/1979
Pages:
380

Table of Contents

Preface
General Introduction1
Introduction to Ethical Reasoning1
Pt. 1General Issues in Ethics
Business Ethics: The Controversy20
Case Study: H. B. Fuller in Honduras: Street Children and Substance Abuse20
The Social Responsibility of Business Is to Increase Its Profits33
Stakeholder Theory of the Modern Corporation38
Business Ethics and Stakeholder Analysis49
Ethical Reasoning in Practice61
A Kantian Approach to Business Ethics61
Corporate Roles, Personal Virtues: An Aristotelean Approach to Business Ethics71
The Very Idea of a Conceptual Scheme83
Truth Telling98
Case Study: Italian Tax Mores98
Ethical Duties Towards Others: "Truthfulness"100
Is Business Bluffing Ethical?106
The Business of Ethics112
Trust, Morality and International Business118
Pt. 2Property, Profit, and Justice
Traditional Theories of Property and Profit140
Case Study: Plasma International140
Case Study: Dorrence Corporation Trade-offs142
The Justification of Private Property150
Benefits of the Profit Motive155
Alienated Labour159
Wealth164
The Impact of Technology on Traditional Views of Property169
Case Study: 'McMadness' Hong Kong Style169
The Judgment of Thamus176
Needed: A New System of Intellectual Property Rights182
Justice192
Case Study: The Oil Rig192
Distributive Justice193
The Entitlement Theory203
Complex Equality210
Pt. 3Corporations, Persons, and Morality
The Role of Organizational Values238
Case Study: Merck & Co., Inc238
Does Business Ethics Make Economic Sense?244
Can Socially Responsible Firms Survive in a Competitive Environment?252
The Parable of the Sadhu262
Values and the Virtuous Manager269
Case Study: Run, Inc269
Moral Mazes: Bureaucracy and Managerial Work284
The Moral Muteness of Managers302
The "New" U.S. Sentencing Guidelines: A Wake-Up Call for Corporate America315
Employee Rights and Responsibilities323
Case Study: The Aircraft Brake Scandal323
Whistleblowing and Professional Responsibilities335
Employment at Will, Employee Rights, and Future Directions for Employment343
In Defense of the Contract at Will352
Employability Security361
Diversity364
Case Study: The Case of the Unequal Opportunity364
Management Women and the New Facts of Life370
White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women's Studies381
Pt. 4International Business
Ethical Relativism396
Case Study: What Price Safety?396
Case Study: W. R. Grace & Co. and the Neemix Patent (A)399
The Challenge of Cultural Relativism410
A Social Contracts Approach to Business Ethics419
The United Nations Declaration of Human Rights424
Business Values Away From Home429
Case Study: Just When Is a "Tip" ONLY "To Insure Promptness?"429
Case Study: Levi Strauss & Co.: Global Sourcing (A)432
International Business Ethics and Incipient Capitalism: A Double Standard?458
Values in Tension: Ethics Away From Home471
Pt. 5Contemporary Business Themes
Marketing486
Case Study: Fingerhut's Price Strategy486
Case Study: Kate: Dot-Com CEO500
Persuasive Advertising, Autonomy, and the Creation of Desire503
Ethical Myopia: The Case of "Framing" by Framing511
The Environment522
Case Study: Shell and Nigerian Oil522
Scarcity or Abundance?541
The Natural Step550
Cost-Benefit Analysis: An Ethical Critique559
Leadership565
Case Study: Sears Auto Centers565
Management Research and Practice: Citigroup's John Reed583
Managing for Organizational Integrity586
The Leader's New Work: Building Learning Organizations599
Biographical Information614

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