Business and Society: Ethical, Legal, and Digital Environments

by Cynthia E. Clark, Kabrina K. Chang, Sean P. Melvin

Overview

Business and Society: Ethical, Legal, and Digital Environments prepares students for the modern workplace by exploring the opportunities and challenges they will face in today's interconnected, global economy. The author team discusses legal and ethical issues throughout and uses real-world cases to provide students with a holistic understanding of stakeholder issues. Chapters on social media and citizen movements, big data and hacking, and privacy in the digital age provide in-depth coverage of how technology is transforming the relationship between organizations and consumers.

Product Details

ISBN-13:	9781506388106
Publisher:	SAGE Publications
Publication date:	08/28/2020
Edition description:	First Edition
Pages:	456
Product dimensions:	8.00(w) x 10.00(h) x (d)

About the Author

Cynthia E. Clark serves as the director of the Harold S. Geneen Institute of Corporate Governance, an institute dedicated to bridging corporate governance research with practice. She has conducted numerous training sessions on ethical decision-making, activism and optimal nominating and governance procedures to boards of directors. Cynthia’s research interests concern ethics and governance issues in organizations, such as conflicts of interest, shareholder activism, privacy breaches and disclosing information, with a particular focus on how firms address them. Recently published work has appeared in Harvard Business Review, Strategic Management Journal, Business Ethics Quarterly, Journal of Business Ethics, MIS Quarterly, Organization & Environment and Business & Society. Cynthia serves on the editorial board of Business & Society. Additionally, she is an active member and Governance Fellow with the National Association of Corporate Directors (NACD), the Society for Governance Professionals and 2020 Women on Boards. She has been widely cited in the media on governance issues including The Wall Street Journal, The Boston Globe, CNN, Fortune, Reuters and Bloomberg Radio. Prior to joining Bentley, Cynthia was a member of the faculty at Boston University, following a career in the banking and securities industry. She holds a Ph D from the honors program at Boston University, a Master's degree from Northwestern University and a B.A. from Boston College.

Kabrina Krebel Chang is a Clinical Associate Professor of Business Law and Ethics in the Markets, Public Policy, and Law Department at Boston University’s Questrom School of Business. She teaches Introduction to Business Law and Employment law in the undergraduate program and business law in the MBA program. Professor Chang also developed and co-coordinated Business, Society, and Ethics, a gateway course for all Questrom School of Business students. She is the Director of Academic Integrity Initiatives for Questrom and is leading University-wide Academic Integrity initiatives. Professor Chang’s research focuses on employment matters, in particular social media, and how that impacts employment and management decisions, and on corporate social advocacy. Her work has been published in academic journals, news outlets such at The New York Times, Quartz.com, Bloomberg, and The Boston Globe, and in magazines such as Forbes and Harvard Business Review. Professor Chang has won several awards for her teaching and writing. Before her academic career, Professor Chang was a trial lawyer in in private practice.

Sean P. Melvin is an Associate Professor of Business Law and has taught at E-town since 2000. Dr. Melvin is the author of five books (including two textbooks), has contributed over two dozen scholarly and professional articles and case studies to various publications, and is a member of the Academy of Legal Studies in Business. His most recent textbook, The Legal Environment of Business: A Managerial Approach as published by Mc Graw-Hill/Irwin in October 2010 and is in use at over one hundred colleges and universities. His recent article Case Study of a Coffee War: Starbuck v. Charbucks won “Best Case Study” and “Distinguished Proceedings” at the 86^th Annual Meeting of the Academy of Legal Studies in Business and was published in the Spring 2012 volume of Journal of Legal Studies Education. Before his academic career, Professor Melvin was a corporate lawyer in a large Philadelphia-based law firm and went on to become vice-president and general counsel at a publicly-traded technology company in King of Prussia, PA. Melvin earned his Juris Doctorate from Rutgers Law School where he was awarded the American Jurisprudence Award in Business Organizations.

Table of Contents

Preface
Acknowledgments
About the Authors
PART I • MANAGING IN TODAY’S BUSINESS WORLD
CHAPTER 1 • STAKEHOLDER AND SHAREHOLDER THEORIES OF THE FIRM
Introduction
Defining Stake and Stakeholder
Stakeholder Versus Shareholder Theories
The Stakeholder and Shareholder Debate
Stakeholder Types: Interests, Issues, Legitimacy, and Power
Managing Stakeholders
Summary
CHAPTER 2 • CORPORATE SOCIAL RESPONSIBILITY
Introduction
Corporate Social Responsibility Defined
Corporate Social Responsibility as a Strategy
Different Corporate Social Responsibility Views and Schools of Thought
Corporate Social Responsibility and Its Limitations
Corporate Social Responsibility Strategies and Trends
Summary
CHAPTER 3 • ETHICS AND ETHICAL REASONING
Introduction
Morals, Ethics, and the Law
Motivations And Rationalizations
The Origin of Ethics
Organizational Ethics and Creating an Ethical Climate
Summary
CHAPTER 4 • ORGANIZATIONS AND PUBLIC POLICY
Introduction
Role of Business in Shaping Laws and Policy
Evolution of Lobbying: Opportunities for Influence
Creating Public Policy
Public–Private Partnerships
Ethical Dimensions of Influencing Policy
Summary
CHAPTER 5 • LIABILITY, BUSINESS AGREEMENTS, AND MANAGING RISK
Introduction
Risk of Injury
Respondeat Superior and Product Liability
Contracts
Limiting Risk Through Contracts
Summary
CHAPTER 6 • GOVERNMENT REGULATION OF THE ORGANIZATION
Introduction
Anticompetitive Behavior and Antitrust Regulation
Protection of Consumers and Creditors
Protecting Investors
Summary
PART II • BUILDING RELATIONSHIPS AND WORKING WITH STAKEHOLDERS
CHAPTER 7 • ENVIRONMENTALISM AND SUSTAINABILITY
Introduction
Environmentalism: Definitions and Policy Objectives
Green Management and Competitive Advantage
Sustainable Development
Global Environmental Trends: Climate Change
Government Regulation and Protection
Summary
CHAPTER 8 • EMPLOYEES AND THE CORPORATION
Introduction
The Employment Relationship
Employment at Will
Workplace Protections
Employee Privacy
Summary
CHAPTER 9 • MANAGING A DIVERSE WORKFORCE
Introduction
Diversity and Inclusion
Bias and Discrimination
Intersectionality
Laws to Protect Against Discrimination
Summary
CHAPTER 10 • FINANCIAL SYSTEMS AND SOCIETY
Introduction
Roles of Finance in Society
Main Street to Wall Street
The Global Financial Crisis
Alternative Financing and Payday Loans
Financial Market Regulation
Summary
CHAPTER 11 • INTERNATIONAL AND MULTINATIONAL ORGANIZATIONS
Introduction
Cultural Competence
International Customs and Law
Doing Business Around the World
Summary
PART III • CONTEMPORARY BUSINESS ISSUES IN TODAY’S SOCIETY
CHAPTER 12 • SOCIAL MEDIA AND CITIZEN MOVEMENTS
Introduction
The Evolution of Social Media
The Business Model of Social Media
How Businesses Use Social Media
Society, Democracy, and Social Media
What Rules Apply to Social Media?
Summary
CHAPTER 13 • BIG DATA AND HACKING
Introduction
The Digital Revolution
The Digital Divide
Big Data and the Organization
Digital Security and Safety
Legal and Ethical Aspects of Big Data
Summary
CHAPTER 14 • PRIVACY IN THE DIGITAL AGE
Introduction
What Is the Right to Privacy?
Collecting Personal Information: Benefits and Harms
Right to be Forgotten, Right to Erasure, and Surveillance
What Can Managers Do?
Summary
CHAPTER 15 • CORPORATE PERSONHOOD
Introduction
Corporate Personhood
Regulation of Business Through the Commerce Clause
Regulation Through the Tax and Spend Clause
Summary
CHAPTER 16 • GLOBALIZATION
Introduction
Globalization and Its Impact
International Trade
Human Aspects of Globalization
Summary
Glossary
Notes
Index

Editorial Reviews

"A novel approach compared to the typical business and society texts currently available. Very well thought through! "

Bernie Hayen

"A comprehensive look at societal issues and challenges of the day, dabbling in legal issues of importance and relevance to the current business community. "

Joy Turnheim Smith

"The text uses very relevant and interesting examples that students would be engaged in. The topics are explained in a clear manner with many great examples to use for discussion in class. "

Mary Ann Gaal

"A well-written text which discusses organizational issues involving ethics, social responsibility, and stakeholder theories of management. "

John R. Lego