An introduction to business ethics

Description

Cover......Page 1 Title......Page 2 Copyright......Page 3 About the Author......Page 4 Contents......Page 6 Preface......Page 11 Learning Objectives......Page 16 Discussion Case: The LIBOR Scandal: Is It Ok If Everyone Does It?......Page 17 1.1 Why Study Business Ethics?......Page 19 1.2 Values and Ethics: Doing Good and Doing Well......Page 21 1.3 The Nature and Goals of Business Ethics......Page 25 1.4 Business Ethics and the Law......Page 27 1.5 Ethics and Ethos......Page 28 1.6 Morality, Virtues, and Social Ethics......Page 30 1.7 Ethical Perspectives: Managers and Other Stakeholders......Page 31 1.8 A Model for Ethical Decision Making......Page 32 Reflections on the Chapter Discussion Case......Page 33 Chapter Review Questions......Page 34 Learning Objectives......Page 35 Discussion Case: AIG Bonuses and Executive Salary Caps......Page 36 Discussion Questions......Page 37 2.1 Introduction......Page 38 2.2 Ethical Relativism and Reasoning in Ethics......Page 40 2.3 Modern Ethical Theory: Utilitarian Ethics......Page 44 2.4 Challenges to Utilitarianism......Page 48 2.5 Utilitarianism and Business Policy......Page 50 2.6 Principle-Based Ethics......Page 52 2.7 Virtue Ethics......Page 56 2.8 Summary and Review......Page 59 Reflections on the Chapter Discussion Case......Page 60 Chapter Review Questions......Page 61 Learning Objectives......Page 63 Discussion Case: Walmart......Page 64 Discussion Questions......Page 67 3.2 The Economic Model of Corporate Social Responsibility......Page 68 3.3 Critical Assessment of the Economic Model: The Utilitarian Defense......Page 71 3.4 Critical Assessment of the Economic Model: The Private Property Defense......Page 76 3.5 The Philanthropic Model of Corporate Social Responsibility......Page 79 3.6 Modified Version of the Economic Model: The Moral Minimum......Page 80 3.7 The Stakeholder Model of Corporate Social Responsibility......Page 82 3.8 Strategic Model of Corporate Social Responsibility: Sustainability......Page 86 3.9 Summary and Review......Page 89 Reflections on the Chapter Discussion Case......Page 90 Chapter Review Questions......Page 91 Learning Objectives......Page 94 Discussion Case: Goldman Sachs's "Toxic Culture"......Page 95 4.1 Introduction......Page 96 4.2 What is Corporate Culture?......Page 97 4.3 Culture and Ethics......Page 98 4.4 Ethical Leadership and Corporate Culture......Page 101 4.5 Effective Leadership and Ethical Leadership......Page 102 4.6 Building a Values-Based Corporate Culture......Page 104 4.7 Mandating and Enforcing Ethical Culture: The Federal Sentencing Guidelines......Page 107 Chapter Review Questions......Page 109 Learning Objectives......Page 112 Discussion Case: Social Enterprises and Social Entrepreneurs......Page 113 Discussion Questions......Page 115 5.1 Introduction......Page 116 5.2 The Meanings of Work......Page 117 5.3 The Value of Work......Page 119 5.4 Conventional Views of Work......Page 122 5.5 The Human Fulfillment Model......Page 124 5.6 The Liberal Model of Work......Page 127 5.7 Business's Responsibility for Meaningful Work......Page 129 Reflections on the Chapter Discussion Case......Page 131 Chapter Review Questions......Page 132 Learning Objectives......Page 134 Discussion Case: Electronic Privacy at Work......Page 135 Discussion Questions......Page 136 6.1 Introduction: Employee Rights......Page 137 6.2 The Right to Work......Page 138 6.3 Employment at Will......Page 142 6.4 Due Process in the Workplace......Page 144 6.5 Participation Rights......Page 147 6.6 Employee Health and Safety......Page 149 6.7 Privacy in the Workplace......Page 154 Chapter Review Questions......Page 158 Learning Objectives......Page 160 Discussion Case: Conflicts of Interests in Subprime Mortgages and at Goldman Sachs and Enron......Page 161 7.1 Introduction......Page 166 7.2 The Narrow View of Employee Responsibilities: Employees as Agents......Page 167 7.3 Professional Ethics and the Gatekeeper Function......Page 172 7.4 Managerial Responsibility and Conflicts of Interest......Page 175 7.5 Trust and Loyalty in the Workplace......Page 178 7.6 Responsibilities to Third Parties: Honesty, Whistle-Blowing, and Insider Trading......Page 180 Reflections on the Chapter Discussion Case......Page 186 Chapter Review Questions......Page 187 Learning Objectives......Page 189 Discussion Case: Life-Cycle Responsibility for Products......Page 190 8.1 Introduction: Marketing and Ethics......Page 192 8.2 Ethical Issues in Marketing: An Overview......Page 193 8.3 Ethical Responsibility for Products: From Caveat Emptor to Negligence......Page 196 8.4 Strict Product Liability......Page 200 8.5 Ethics and Pricing......Page 202 Reflections on the Chapter Discussion Case......Page 206 Chapter Review Questions......Page 207 Learning Objectives......Page 209 Discussion Case: Predatory Lending: Subprime Mortgages and Credit Cards......Page 210 Discussion Questions......Page 211 9.1 Introduction: Ethics of Sales, Advertising, and Product Placement......Page 212 9.2 Regulating Deceptive and Unfair Sales and Advertising......Page 215 9.3 Marketing Ethics and Consumer Autonomy......Page 218 9.4 Targeting the Vulnerable: Marketing and Sales......Page 223 Reflections on the Chapter Discussion Case......Page 227 Chapter Review Questions......Page 229 Learning Objectives......Page 231 Discussion Case: Sustainable Business......Page 232 10.1 Corporate Social Responsibility and the Environment......Page 234 10.2 Business's Responsibility as Environmental Regulation......Page 236 10.3 Business Ethics and Sustainable Economics......Page 238 10.4 Business Ethics in the Age of Sustainable Development......Page 242 10.5 The "Business Case" for Sustainability......Page 245 Reflections on the Chapter Discussion Case......Page 247 Chapter Review Questions......Page 248 Learning Objectives......Page 249 Discussion Case: Chick-fil-A and Same-Sex Marriage......Page 250 Discussion Questions......Page 251 11.1 Introduction: Diversity and Equality......Page 252 11.2 Discrimination, Equal Opportunity, and Affirmative Action......Page 253 11.3 Preferential Treatment in Employment......Page 258 11.4 Arguments Against Preferential Hiring......Page 262 11.5 Arguments in Support of Preferential Hiring......Page 265 11.6 Sexual Harassment in the Workplace......Page 268 Reflections on the Chapter Discussion Case......Page 273 Chapter Review Questions......Page 274 Learning Objectives......Page 276 Discussion Case: Business in a Global Setting......Page 277 Discussion Questions......Page 278 12.1 Introduction......Page 279 12.2 Ethical Relativism and Cross-Cultural Values......Page 280 12.3 Cross-Cultural Values and International Rights......Page 282 12.4 Globalization and International Business......Page 284 12.5 Globalization and the Poor......Page 286 12.6 "Race to the Bottom"......Page 288 12.7 Democracy, Cultural Integrity, and Human Rights......Page 290 Reflections on the Chapter Discussion Case......Page 293 Chapter Review Questions......Page 294 Photo Credits......Page 296 B......Page 298 D......Page 299 F......Page 300 I......Page 301 M......Page 302 P......Page 303 T......Page 304 Z......Page 305