An Introduction to Business Ethics / Edition 5

by Joseph R. DesJardins

Overview

Since its inception, An Introduction to Business Ethics by Joseph DesJardins has been a cutting-edge resource for the business ethics course. DesJardins’ unique multidisciplinary approach offers critical analysis and integrates the perspective of philosophy with management, law, economics, and public policy, providing a clear, concise, yet reasonably comprehensive introductory survey of the ethical choices available to us in business.

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Product Details

ISBN-13:	9780078038327
Publisher:	McGraw-Hill Higher Education
Publication date:	03/01/2013
Edition description:	Older Edition
Pages:	304
Product dimensions:	6.30(w) x 9.00(h) x 0.60(d)
Age Range:	18 Years

About the Author

Joe DesJardins is Professor in the philosophy department formed jointly by the College of St. Benedict and St. John’s University in Minnesota. He presently serves as the Executive Director of the Society for Business Ethics. Among his publications are: An Introduction to Business Ethics (McGraw-Hill), Environmental Ethics: An Introduction to Environmental Philosophy (Wadsworth), Contemporary Issues in Business Ethics, co-editor, with John McCall, (Wadsworth) , and the forthcoming Business, Ethics, and Sustainability: Ethics for the Next Industrial Revolution (Prentice Hall). He received his Ph.D. from the University of Notre Dame and taught for many years at Villanova University before moving to Minnesota.

Table of Contents

Preface xii

Chapter 1 Why Study Ethics? 1

Learning Objectives 1

Discussion Case: Bernard Madoff's Ponzi Scheme 2

Discussion Questions 3

1.1 Why Study Business Ethics? 3

1.2 Values and Ethics: Doing Good and Doing Well 6

1.3 The Nature and Goals of Business Ethics 9

1.4 Business Ethics and the Law 11

1.5 Ethics and Ethos 13

1.6 Morality, Virtues, and Social Ethics 14

1.7 Ethical Perspectives: Managers and Other Stakeholders 15

1.8 A Model for Ethical Decision Making 16

Reflections on the Chapter Discussion Case 17

Chapter Review Questions 18

Chapter 2 Ethical Theory and Business 20

Learning Objectives 20

Discussion Case: AIG Bonuses and Executive Salary Caps 21

Discussion Questions 22

2.1 Introduction 23

2.2 Ethical Relativism and Reasoning in Ethics 24

2.3 Modern Ethical Theory: Utilitarian Ethics 29

2.4 Challenges to Utilitarianism 33

2.5 Utilitarianism and Business Policy 35

2.6 Deontological Ethics 37

2.7 Virtue Ethics 41

2.8 Summary and Review 44

Reflections on the Chapter Discussion Case 45

Chapter Review Questions 46

Chapter 3 Corporate Social Responsibility 48

Learning Objectives 48

Discussion Case: Walmart: Socially Responsible and Green? 49

Discussion Questions 53

3.1 Introduction 54

3.2 The Economic Model of Corporate Social Responsibility 54

3.3 Critical Assessment of the Economic Model: The Utilitarian Defense 56

3.4 Critical Assessment of the Economic Model: The Private Property Defense 61

3.5 The Philanthropic Model of Corporate Social Responsibility 64

3.6 Modified Version of the Economic Model: The Moral Minimum 66

3.7 The Stakeholder Model of Corporate Social Responsibility 68

3.8 Strategic Model of Corporate Social Responsibility: Sustainability 72

3.9 Summary and Review 74

Reflections on the Chapter Discussion Case 76

Chapter Review Questions 77

Chapter 4 Corporate Culture, Governance, and Ethical Leadership 80

Learning Objectives 80

Discussion Case: Is Steve Jobs Health a Private Matter? 81

Discussion Questions 82

4.1 Introduction 83

4.2 What is Corporate Culture? 83

4.3 Culture and Ethics 85

4.4 Ethical Leadership and Corporate Culture 87

4.5 Effective Leadership and Ethical Leadership 88

4.6 Building a Values-Based Corporate Culture 90

4.7 Mandating and Enforcing Ethical Culture: The Federal Sentencing Guidelines 93

Reflections on the Chapter Discussion Case 95

Chapter Review Questions 96

Chapter 5 The Meaning and Value of Work 99

Learning Objectives 99

Discussion Case: Social Enterprises and Social Entrepreneurs 100

Discussion Questions 102

5.1 Introduction 102

5.2 The Meanings of Work 104

5.3 The Value of Work 106

5.4 Conventional Views of Work 109

5.5 The Human Fulfillment Model 111

5.6 The Liberal Model of Work 114

5.7 Business's Responsibility for Meaningful Work 116

Reflections on the Chapter Discussion Case 118

Chapter Review Questions 118

Chapter 6 Moral Rights in the Workplace 121

Learning Objectives 121

Discussion Case: Electronic Privacy at Work 122

Discussion Questions 123

6.1 Introduction: Employee Rights 123

6.2 The Right to Work 125

6.3 Employment at Will 129

6.4 Due Process in the Workplace 130

6.5 Participation Rights 133

6.6 Employee Health and Safety 136

6.7 Privacy in the Workplace 141

Reflections on the Chapter Discussion Case 144

Chapter Review Questions 145

Chapter 7 Employee Responsibilities 147

Learning Objectives 147

Discussin Case: Conflicts of Interests in Subprime Mortgages and at Enron 148

Discussion Questions 153

7.1 Introduction 154

7.2 The Narrow View of Employee Responsibilities: Employees as Agents 155

7.3 Professinal Ethics and the Gatekeeper Function 159

7.4 Managerial Responsibility and Conflicts of Interests 162

7.5 Trust and Loyalty in the Workplace 165

7.6 Responsibilities to Third Parties: Honesty, Whistle-blowing, and Insider Trading 168

Reflections on the Chapter Discussion Case 174

Chapter Review Questions 175

Chapter 8 Marketing Ethics: Product Safety and Pricing 177

Learning Objectives 177

Discussion Case: Life Cycle Responsibility for Products 178

Discussion Questions 179

8.1 Introduction: Marketing and Ethics 180

8.2 Ethical Issues in Marketing: An Overview 181

8.3 Ethical Responsibility for Products: From Caveat Emptor to Negligence 183

8.4 Strict Product Liability 188

8.5 Ethics and Pricing 191

Reflections on the Chapter Discussion Case 195

Chapter Review Questions 196

Chapter 9 Marketing Ethics: Advertising and Target Marketing 198

Learning Objectives 198

Discussion Case: Predatory Lending: Subprime Mortgages and Credit Cards 199

Discussion Questions 201

9.1 Introduction: Ethics of Sales, Advertising, and Product Placement 201

9.2 Regulating Deceptive and Unfair Sales and Advertising 204

9.3 Marketing Ethics and Consumer Autonomy 207

9.4 Targeting the Vulnerable: Marketing and Sales 212

Reflections on the Chapter Discussion Case 216

Chapter Review Questions 218

Chapter 10 Business's Environmental Responsibilities 220

Learning Objectives 220

Discussion Case: Sustainable Business 221

Discussion Questions 223

10.1 Corporate Social Responsibility and the Environment 223

10.2 Business's Responsibility as Environmental Regulation 228

10.3 Business Ethics and Sustainable Economics 229

10.4 Business Ethics in the Age of Sustainable Development 233

10.5 The "Business Case" for Sustainability 237

Reflections on the Chapter Discussion Case 238

Chapter Review Questions 239

Chapter 11 Diversity and Discrimination 241

Learning Objectives 241

Discussion Case: Reverse Discrimination? 242

Discussion Questions 243

11.1 Introduction: Diversity and Equality 243

11.2 Discrimination, Equal Opportunity, and Affirmative Action 245

11.3 Preferential Treatment in Employment 251

11.4 Arguments Against Preferential Hiring 254

11.5 Arguments in Support of Preferential Hiring 258

11.6 Sexual Harassment in the Workplace 261

Reflections on the Chapter Discussion Case 265

Chapter Review Questions 266

Chapter 12 International Business and Globalization 268

Learning Objectives 268

Discussion Case: Google and Doing Business in China 269

Discussion Questions 271

12.1 Introduction 271

12.2 Ethical Relativism and Cross-Cultural Values 272

12.3 Cross-Cultural Values and International Rights 275

12.4 Globalization and International Business 277

12.5 Globalization and the Poor 279

12.6 "Race to the Bottom" 281

12.7 Democracy, Cultural Integrity, and Human Rights 283

Reflections on the Chapter Discussion Case 286

Chapter Review Questions 287

Photo Credits 289

Index 291