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Just Business: Business Ethics in Action / Edition 2

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This book provides a powerful business explanatory framework for resolving business ethics issues whenever and wherever they arise, and an ethical decision model which can be used to manage the ethical problems of business in all their actual complexity and variety. As presented in "Just Business", business ethics is not an extraneous anti-business option: it is a rigorous, analytical business tool.
By introducing conceptual clarity to business ethics, this book provides businessmen with solid arguments for rebutting trendy, but unethical, demands for social responsibility in business. It demonstrates that business's correct ethical concern is just business - nothing but business, but business which is just. Business is ethical when it pursues its proper purpose of maximizing long-term owner value, subject only to respecting distributive justice and ordinary decency.
Distributive justice exists when organizational rewards are distributed on the basis of contributions made to organizational goals. Ordinary decency is not niceness, but the conditions of trust necessary for taking a long-term view and for surviving over time: it consists simply of honesty, fairness, the absence of coercion and physical violence and the presumption of legality.
"Just Business" offers a sustained argument to show that it is not necessary either to emasculate or to adulterate business for business to be moral, and provides solutions to key ethical problems of personnel, finance and corporate governance. Combining business realism with philosophical rigour, and employing a global perspective, this book should be of use to all who have dealings with business whether as employees or customers orlenders, shareholders or formulators of public policy.
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Product Details

  • ISBN-13: 9780198296621
  • Publisher: Oxford University Press, USA
  • Publication date: 8/28/2000
  • Edition description: 2ND
  • Edition number: 2
  • Pages: 320
  • Product dimensions: 6.10 (w) x 9.00 (h) x 0.60 (d)

Meet the Author

Elaine Sternberg is a Research Fellow of the Centre for Business and Professional Ethics, University of Leeds, and Principal of Analytical Solutions, a consultancy firm specialising in business ethics and corporate governance. During her career to date, she has spent fourteen years as an investment banker in London, New York, and Paris; founded and ran two multi-million-pound profitable businesses; and has also lectured on business ethics at the London Business School.

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Table of Contents

Introduction: What Makes this Book Distinctive?
Section 1: The Conceptual Framework
1. The Importance of Business Ethics
2. The Nature of Business
3. The Business of Ethics
Section 2: Resolving Ethical Perplexities
4. Ethical Implications
5. The Ethical Enterprise
6. Personnel
7. Finance
Section 3: Ethical Direction
8. Corporate Governance
9. Ethical Accountability
10. Morals and Markets

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