Ethical Issues in Business: A Philosophical Approach / Edition 8

Ethical Issues in Business: A Philosophical Approach / Edition 8

by Thomas Donaldson
ISBN-10:
0131846191
ISBN-13:
2900131846196
Pub. Date:
06/11/2007
Publisher:
Ethical Issues in Business: A Philosophical Approach / Edition 8

Ethical Issues in Business: A Philosophical Approach / Edition 8

by Thomas Donaldson
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Overview

This popular book on business ethics contains a diverse collection of readings and cases. It begins with an introduction to moral reasoning, and then provides readers with a wide range of opportunities to apply ethical theory to real contemporary managerial situations—including issues facing managers in the next century. Each section contains a case study and relevant theoretical articles that range from classics in philosophy to modern commentaries by business practitioners. Five sections cover general issues in ethics; property, profit, and justice; corporations, persons, and morality; international business; and contemporary business themes.

Product Details

ISBN-13: 2900131846196
Publication date: 06/11/2007
Pages: 624
Product dimensions: 6.00(w) x 8.90(h) x 1.20(d)

About the Author

MARGARET CORDING is a doctoral candidate at the Darden Graduate School of Business Administration, University of Virginia, specializing in business ethics and strategy. She earned her MBA from the Wharton School, University of Pennsylvania. Previously she worked in financial services for over 15 years, most recently as a managing director for The Chase Manhattan Bank.

THOMAS DONALDSON is the Mark O. Winkelman Professor at the Wharton School of the University of Pennsylvania, where he is the director of the Wharton Ethics Program. From 1990 to 1996 he held the position of the John F. Connelly Professor of Business Ethics in the School of Business, Georgetown University. Professor Donaldson has written broadly in the area of business values and professional ethics including The Ties that Bind: A Social Contract Approach to Business Ethics, co-authored with Thomas W. Dunfee (Harvard University Business School Press, 1999), and Ethics in International Business (Oxford University Press, 1989).

PATRICA H. WERHANE is the Ruffin Professor of Business Ethics and senior fellow of the Olsson Center for Applied Ethics in the Darden Graduate School of Business Administration at the University of Virginia. She was formerly the Wirtenberger Professor of Business Ethics at Loyola University Chicago. She has been a Rockefellor Fellow at Dartmouth, Arthur Anderson Visiting Professor at the University of Cambridge, and Erskine Visiting Fellow at the University of Canterbury (New Zealand). Professor Werhane has published numerous articles and is the author or editor of 13 books including Persons, Rights andCorporations, and Adam Smith and His Legacy for Modern Capitalism. Her latest books are Moral Imagination and Managerial Decision-Making, and Organization Ethics for Health Care (with E. Spencer, A. Mills and M. Rorty) both with Oxford University Press. She is also founder and former editor-in-chief of Business Ethics Quarterly, the journal of the Society for Business Ethics

Table of Contents

General Introduction.
Introduction to Ethical Reasoning.
Does Business Ethics Make Economic Sense?, Sen.

I. GENERAL ISSUES IN ETHICS.

Virtues and the Virtuous Manager:
CASE STUDY: Run, Inc.
Corporate Roles, Personal Virtues: An Aristotelean Approach to Business Ethics, Solomon.
Moral Mazes: Bureaucracy and Managerial Work, Jackall.
Ethical Relativism and International Business.
CASE STUDY: H.B. Fuller in Honduras: Street Children and Substance Abuse.
Relativism, Cultural and Moral, Norman Bowie.
Moral Minimums for Multinationals, Donaldson.
International Business Ethics and Incipient Capitalism: A Double Standard?, Richard T. DeGeorge.
The United Nations Declaration of Human Rights.
Truth Telling.
CASE STUDY: Italian Tax Mores.
Ethical Duties Towards Others: "Truthfulness", Kant.
Is Business Bluffing Ethical?, Carr.
Promoting Honesty in Negotiation: An Exercise in Practical Ethics, Cramton and Dees.

II. PROPERTY, PROFIT, AND JUSTICE.

Traditional Theories of Property and Profit:
CASE STUDY: Plasma International.
Dorrence Corporation Trade-offs, Wolf.
The Justification of Private Property, Locke.
Alienated Labour, Marx.
Benefits of the Profit Motive,Smith.
Wealth, Carnegie.
Property and Profit: Modern Discussions.
CASE STUDY: Merck & Co., Inc.
The Social Responsibility of Business is to Increase, Friedman.
Social Responsibility and Economic Efficiency, Arrow.
Moral Muteness of Managers, Bird & Waters.
Justice.
CASE STUDY: The Oil Rig.
Distributive Justice, Rawls.
The Entitlement Theory, Nozick.
Complex Equality, Walzer.

III. CORPORATIONS, PERSONS AND MORALITY.

The Moral Responsibility of Corporations.
CASE STUDY: Uncommon Decency: Pacific Bell Responds to AIDS.
A Stakeholder Theory of the Modern Corporation: Kantian Capitalism, Evan and Freeman.
Business Ethics and Stakeholder Analysis, Goodpaster.
The "New" U.S. Sentencing Guidelines: A Wake-Up Call for Corporate America, Dalton, Metzger & Hill.
Parable of the Sadhu, McCoy.
Employee Rights and Responsibilities.
CASE STUDY: The Aircraft Brake Scandal.
Whistleblowing and Professional Responsibility, Bok.
Employment at Will and Due Process, Werhane and Radin.
Employability Security, Kanter.
Diversity.
CASE STUDY: Foreign Assignment.
CASE STUDY: Is This the Right Time to Come Out?
Management Women and the New Facts of Life, Schwartz.
White Privilege and Male Privilege: a Personal Account of Coming to See Correspondences Through Work in Women's Studies, McIntosh.
Sexual Harassment.
CASE STUDY: Confronting Harassment.
Sexual Harassment, Dodds, Frost, Pargetter, and Prior.

IV. CONTEMPORARY BUSINESS ISSUES.

Environment.
CASE STUDY: The AES Corporation (A&B).
At the Shrine of Our Lady of Fatima or Why Political Questions Are Not All Economic, Sagoff.
Cost-Benefit Analysis: An Ethical Critique, Kelman.
Marketing.
CASE STUDY: Toy Wars.
Advertising and Behavior Control, Arrington.
Persuasive Advertising, Autonomy, and the Creation of Desire, Crisp.
Corporations in the Twenty-First Century.
CASE STUDY: Managing Without Managers.
Managing for Organizational Integrity, Lynn Sharp Payne.
Corporate Ethics Practices: An International Survey of Ethics Codes and Programs, The Conference Board Report.
Biographical Information.

Preface

Ethical Issues in Business was first published more than two decades ago, in 19'79. Since then the field of business ethics has grown into an academic discipline bristling with research and practical implications for managers. Textbooks and research have multiplied. In 1979, Ethical Issues in Business was one of only three textbooks in the field. Now at least 50 are available. Along with the growth of course offerings and college teaching materials, an explosion of new articles, cases, and journals has occurred. Meanwhile, outside colleges and universities, hundreds of business firms have now created positions of "corporate ethics officer," and thousands more have instituted ethics training programs for managers and employees. The seventh edition reflects these dramatic changes that the field has undergone.

Some theoretical perspectives preserve their importance over the decades. Indeed, many are foundational materials for the study of business ethics. The insights of Adam Smith and John Locke about markets and human rights, or the radical claims made by Karl Marx that capitalism affects the minds of its participants, are no less relevant today than they were in earlier centuries. You will find those perspectives included in this edition, just as in the earlier ones. Yet other issues are clearly timebound. When the last edition appeared, the hot issue of business conversation was the moral and legal obligations of U.S. tobacco companies, apparel companies' use of overseas "sweat shops," and a financial crisis in Asia.

Since the publication of the sixth edition new events have posed new ethical challenges. Since then new technology has challengedtraditional views of copyright law, resulting in lawsuits between Napster and the record companies. The dramatic stock price erosion of the U.S. "dot.com" companies has coincided with a-debate over privacy and marketing issues. Ford Motor Company and Bridgestone/Firestone find themselves in a legal and public relations dilemma as a result of hundreds of deaths allegedly due to product defects. Transnational corporations continue to face thorny ethical issues as they increasingly do business in countries with significantly different value systems. Further, in the increasingly competitive commercial environment of global business, corporate leaders have been faced with new challenges in employment, corporate restructuring, and training. Readings that focus on some of the ethical issues raised by these new kinds of challenges are included in this seventh edition.

The present edition, like earlier ones, has not been simply the product of its editors, but owes greatly to those whose suggestions, criticism, and editorial assistance made it a better book. We are indebted to Prentice Hall reviewers John Mundy, University of Nevada, Las Vegas, and Benjamin A. Petty, Southern Methodist University for their constructive comments, and we especially want to thank Nicholas Dew, Thomas Dunfee, Ronald Duska, R. Edward Freeman, Mary Hamilton, and Henry Tulloch for their helpful revision suggestions. Thanks also go to Karen Musselman and Erin Becker for their excellent organizational and editorial skills.

T.D.
P.H.W.
M.C.

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