Business Ethics: Readings and Cases in Corporate Morality / Edition 5 available in Paperback
Business Ethics: Readings and Cases in Corporate Morality / Edition 5
- ISBN-10:
- 1118336682
- ISBN-13:
- 9781118336687
- Pub. Date:
- 02/10/2014
- Publisher:
- Wiley
Business Ethics: Readings and Cases in Corporate Morality / Edition 5
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Overview
- Addresses a broad range of the most current, intriguing, often complex issues and cases in corporate morality
- Provides impartial, point-counterpoint presentations of different perspectives on the most important and highly contended issues of business ethics
- Updated and significant case studies are included to reinforce student learning
- Now contains mini-cases based on actual MBA student dilemmas
- Each author has substantial experience in teaching, writing, and conducting research in the field
Product Details
ISBN-13: | 9781118336687 |
---|---|
Publisher: | Wiley |
Publication date: | 02/10/2014 |
Edition description: | 5th ed. |
Pages: | 776 |
Product dimensions: | 7.50(w) x 9.70(h) x 1.40(d) |
About the Author
Robert E. Frederick is professor of philosophy and chair of the Philosophy Department at Bentley University in Waltham, Massachusetts. He is also Research Scholar at the Center for Business Ethics at Bentley and editor of the Center’s journal Business and Society Review.
Mark S. Schwartz is a professor of business ethics and corporate social responsibility at the School of Administrative Studies at York University (Toronto, Canada), and is a Research Fellow for the Center for Business Ethics at Bentley University. He has published in a range of journals, including the Journal of Business Ethics, Business Ethics Quarterly, and Business & Society.
Read an Excerpt
Table of Contents
About the Editors xiPreface xii
General Introduction: The Nature of Business Ethics 1
Part 1 Ethics and Business: From Theory to Practice 37
Introduction 37
1 Theories of Economic Justice 43
Justice as Fairness 43John Rawls
Distributive Justice 49Robert Nozick
Distributive Justice and Utilitarianism 55J. J. C. Smart
The “Invisible Hand” 59Jan Narveson
Corporate Ethics in a Devilish System 70Kent Greenfield
Questions for Discussion 77
2 Ethics and Business Decision Making 78
Teaching Ethical Decision Making and Principled Reasoning 78Michael Josephson
Business Ethics and Moral Motivation: A Criminological Perspective 86Joseph Heath
Ethical Leadership and the Psychology of Decision Making 105David M. Messick and Max H. Bazerman
Cost-Benefit Analysis: An Ethical Critique 120Steven Kelman
Cost-Benefit Analysis Defended 127Herman B. Leonard and Richard J. Zeckhauser
Questions for Discussion 130
Cases for Part 1 131
Mini-Cases 131
MBA Student Mini-Dilemmas 132
Cases
The Parable of the Sadhu 133Bowen H. McCoy
The Ford Pinto 139W. Michael Hoffman
The Analyst’s Dilemma (A) 145Joseph L. Badaracco Jr. and Jerry Useem
Walk Away From Your Mortgage! 149Roger Lowenstein
The Ok Tedi Copper Mine 150Manuel G. Velasquez
Part 2 The Nature of the Corporation 157
Introduction 157
3 Agency, Legitimacy, and Responsibility 163
Can a Corporation Have a Conscience? 163Kenneth E. Goodpaster and John B. Matthews Jr.
Is Business Bluffing Ethical? 172Albert Z. Carr
The Social Responsibility of Business is to Increase its Profits 180Milton Friedman
Stakeholder Theory of the Modern Corporation 184R. Edward Freeman
Ethics in Business: Two Skeptical Challenges 192Robert E. Frederick
Commentary on the Social Responsibility of Corporate Entities: Bad and Not-so-Bad Arguments for Shareholder Primacy 202Lynn A. Stout
Questions for Discussion 215
4 Corporate Governance and Accountability 216
Who Rules the Corporation? 216Ralph Nader, Mark Green, and Joel Seligman
Power and Accountability: The Changing Role of the Corporate Board of Directors 224Irving S. Shapiro
Who Should Control the Corporation? 231Henry Mintzberg
Tone at the Top: An Ethics Code for Directors? 243Mark S. Schwartz, Thomas W. Dunfee, and Michael J. Kline
Do CEOs Get Paid Too Much? 264Jeffrey Moriarty
Questions for Discussion 274
Cases for Part 2 275
Mini-Cases 275
MBA Student Mini-Dilemmas 277
Cases
Fire Destroys Malden Mills 277Anonymous
Merck & Co., Inc. (A) 279David Bollier and Stephanie Weiss
Bailouts and Bonuses on Wall Street 284Kirsten Martin and Michael Scotto
Citigroup’s Chief Rebuffed on Pay by Shareholders 297Jessica Silver-Greenberg and Nelson D. Schwartz
Part 3 Work in the Corporation 301
Introduction 301
5 Employee Rights and Duties 307
Employee Rights 307Ronald Duska
Human Rights, Workers’ Rights, and the “Right” to Occupational Safety 316Tibor R. Machan
Whistle-Blowing 320Richard T. De George
The Morality of Whistleblowing: A Commentary on Richard T. De George 338W. Michael Hoffman and Mark S. Schwartz
Conflicts of Interest 350Thomas L. Carson
The Moral Problem in Insider Trading 368Alan Strudler
Questions for Discussion 382
6 The Modern Workplace: Obligations and Limits 383
A Kantian Theory of Meaningful Work 383Norman E. Bowie
Organization of Work in the Company and Family Rights of the Employees 392Domènec Melé
Workplace Wars: How Much Should I be Required to Meet the Needs of Your Children? 401Claudia Mills
Discrimination, Harassment, and the Glass Ceiling: Women Executives as Change Agents 407Myrtle P. Bell, Mary E. McLaughlin, and Jennifer M. Sequeira
The Debate Over the Prohibition of Romance in the Workplace 418Colin Boyd
Questions for Discussion 431
Cases for Part 3 432
Mini-Cases 432
MBA Student Mini-Dilemmas 433Cases
The Case of the Mismanaged Ms. 434Sally Seymour
Heineken NV: Workplace HIV/AIDS Programs in Africa (A) 439Diana Barrett and Daniella Ballou
Banking: A Crack in the Swiss Vault 450Andy Court and Keith Sharman
Will Rewards for Whistleblowers Encourage Ethical Behavior? 454Matthew Gilley and W. Michael Hoffman
Boeing Chief is Ousted after Admitting Affair 455Leslie Wayne
Abuse Scandal Inquiry Damns Paterno and Penn State 457Ken Belson
Timeline: The Penn State Scandal 460Justin Sablich, Ford Fessenden, and Alan McLean
You’ve Been Tagged! (Then Again, Maybe Not): Employers and Facebook 463William P. Smith and Deborah L. Kidder
Part 4 The Corporation in Society 475
Introduction 475
7 The Consumer 481
The Dependence Effect 481John Kenneth Galbraith
The Non Sequitur of the “Dependence Effect” 485F. A. von Hayek
The Ethics of Consumer Protection 488Manuel G. Velasquez
Marketing and the Vulnerable 504George G. Brenkert
Questions for Discussion 513
8 The Environment and Sustainability 514
Morality, Money, and Motor Cars 514Norman Bowie
Business and Environmental Ethics 520W. Michael Hoffman
Creating Sustainable Value 529Stuart L. Hart and Mark B. Milstein
Rethinking the Concept of Sustainability 542Alexis J. Bañon Gomis, Manuel Guillén Parra, W. Michael Hoffman, and Robert E. McNulty
Questions for Discussion 552
9 International Business 553
Ethical Dilemmas for Multinational Enterprise: A Philosophical Overview 553Richard T. De George
International Business, Morality, and the Common Good 557Manuel G. Velasquez
Values in Tension: Ethics Away from Home 567Thomas Donaldson
The Case for Leveraged-Based Corporate Human Rights Responsibility 576Stepan Wood
What’s Wrong with Bribery 602Scott Turow
Capitalism with a Human Face: The UN Global Compact 604Klaus M. Leisinger
Questions for Discussion 620
Cases for Part 4 621
Mini-Cases 622
MBA Student Mini-Dilemmas 623Cases
The Ethics of Marketing: Nestlé’s Infant Formula 624James E. Post
TransAuto Corporation Trade-offs 629Rewritten by Mark S. Schwartz
Sony Online Entertainment: EverQuest® or EverCrack? 632Judith W. Spain and Gina Vega
Dicing with Death? A Case Study of Guidant Corporation’s Implantable Defibrillator Business 636Martin E. Sandbu
Chiquita Accused of Funding Colombia Terrorists 642Curt Anderson
Wal-Mart Hushed Up a Vast Mexican Bribery Case 644David Barstow
Yahoo! and Google in China 656John M. Kline
Google Softens Tone on China 661Amir Efrati and Loretta Chao
Part 5 Challenges and Emerging Issues 665
Introduction 665
10 Challenges and Emerging Issues 669
What’s the Matter with Business Ethics? 669Andrew Stark
Developing and Sustaining an Ethical Corporate Culture: The Core Elements 677Mark S. Schwartz
The Ethics Officer as Agent of the Board: Leveraging Ethical Governance Capability in the Post-Enron Corporation 689W. Michael Hoffman and Mark Rowe
Can a Company be Too Ethical? 699Andrew W. Singer
God as a Managerial Stakeholder? 705Mark S. Schwartz
The Fortune at the Bottom of the Pyramid 720C. K. Prahalad and Stuart L. Hart
Questions for Discussion 733
Business Ethics in Hollywood Movies 733Mark S. Schwartz
Cases for Part 5 735
Mini-Cases 735
Cases
Global Corporation: Running a Global Ethics and Compliance Program 736Lisa A. Stewart
Barrick’s Tanzanian Project Tests Ethical Mining Policies 743Geoffrey York
An Ethical Approach to Crisis Management 749Mark S. Schwartz, Wesley Cragg, and W. Michael Hoffman
Why I Am Leaving Goldman Sachs 756Greg Smith
What People are Saying About This
“Masterful combination of theory and practice, classic and cutting-edge, giving us the perfect tool for preparing the next generation of business leaders.”
—Thomas I. White, Loyola Marymount University
“This new edition of Business Ethics: Readings and Cases in Corporate Morality is an interesting and unique collection of articles and cases—many of which have not appeared in other anthologies in business ethics. The cases, in particular, provide the reader with thoughtful examples that illustrate the theoretical readings.”
—Patricia H. Werhane, DePaul University