Absolute Essentials of Business Ethics

Cover
Half Title
Series Information
Title Page
Copyright Page
Dedication
Table of contents
Introduction
	Using this book
1 The foundations of business ethics
	What is ethics?
	Why study business ethics?
	Types of ethical examinations
	Enron and ethical examinations
		Descriptive examination of Enron
		Analytical examination of Enron
		Normative description of Enron
	Philosophical ethical frameworks
		Teleological frameworks
			Ethical egoism
			Utilitarianism
			Sidgwick’s dualism
			Patagonia and teleological frameworks
				Ethical egoism
				Utilitarianism
				Sidgwick’s dualism
		Deontological frameworks
			Existentialism
			Contractarianism
			Kant’s ethics
			WorldCom and deontological frameworks
				Existentialism
				Contractarianism
				Kant’s ethics
			The trolley problem
		A future trolley dilemma?
	Bibliography
2 Stakeholders and corporate social responsibility
	What is a stakeholder?
	How Costco serves its stakeholders
		Addressing the needs of the employees
		Addressing the needs of the community
		Addressing the needs of environmental sustainability
		Addressing the needs of the suppliers and customers
		Addressing the needs in the protection of human rights
	Corporate social responsibility
	The corporate social responsibility pyramid
		Economic responsibilities
		Legal responsibilities
		Ethical responsibilities
		Philanthropic responsibilities
		Samsung’s use of the corporate social responsibility pyramid
			The corporate social responsibility pyramid and the Galaxy Note 7 crisis
				Economic responsibilities during the crisis
				Economic responsibilities after the crisis
				Legal responsibilities during the crisis
				Legal responsibilities after the crisis
				Ethical obligations during the crisis
				Ethical responsibilities after the crisis
				Philanthropic responsibilities during the crisis
				Philanthropic responsibilities after the crisis
	Ethics and corporate reputation
		Purdue Pharma: How a negative corporate reputation led to bankruptcy
	Bibliography
3 Leadership and corporate governance
	Ethical leadership
		Characteristics of ethical leadership
			Transactional leadership
				Founder of Microsoft, Bill Gates: Transactional leader
			Transformational leadership
				Founder of Netflix, Reed Hastings: Transformational leader
	Ethics and corporate governance
		Satyam: When lack of corporate governance fails all stakeholders
	Board of directors
		Types of board of directors
			Passive board
			Certifying board
			Engaged board
			Intervening board
			Operating board
		Possible conflicts of interest related to the board of directors
			CEO duality
			Nomination of board members
			Inside versus outside board members
			Interlocking directorates
		Enron’s board of directors: The gold standard of unethical behavior
	Ethics and CEO compensation
		CEO compensation from an ethical philosophical framework
	Bibliography
4 Strategic planning and culture
	Ethics and strategic planning
		Strategic planning and the ethical cycle
			Moral problem statement
			Problem analysis
			Options for action
			Ethical judgment
			Reflection
			Morally acceptable action
		Vale mining and the ethical cycle
			Moral problem statement
			Problem analysis
			Options for action
			Ethical judgment
			Reflection
			Morally acceptable action
	Emergent strategies and ethics
		LVMH converts perfume manufacturing to hand sanitizer
	Ethical strategic planning in a crisis
		Internal-normal
		Internal-abnormal
		External-normal
		External-abnormal
		Thalidomide: The wonder drug that wasn’t
	Ethics and corporate culture
		Components of an ethical culture
		Nehemiah Manufacturing: Where ethical values are part of Nehemiah’s cultural DNA
	Ethics and corporate compliance
		Swedbank and the lack of corporate compliance
	Bibliography
5 Decision-making and human resource issues
	Kohlberg’s six stages of moral development
		Preconventional stages
			Stage 1: Obedience and punishment orientation (obedience)
			Stage 2: Instrumental purpose and exchange (self-interest)
		Conventional stages
			Stage 3: Interpersonal accord, conformity, and mutual expectations (conformity)
			Stage 4: Social accord and system maintenance (maintaining society)
		Post-conventional morality stages
			Stage 5: Social contract and individual rights (utilitarian-based laws)
			Stage 6: Universal ethical principles
	Heinz dilemma
		Preconventional stages
			Stage 1: Obedience
			Stage 2: Self-interest
		Conventional stages
			Stage 3: Conformity
			Stage 4: Maintaining society
		Post-conventional stages
			Stage 5: Social contracts–utilitarian based laws
			Stage 6: Universal ethical principles
	Obedience and the decision-making process
	The role of power and influence in decision making
		Power
		Influence
	Machiavellianism and ethics
	Ethics and human resources
		Ethics and the employee hiring process
			Hiring practices and implicit bias
				Check the job description
				Recruit outside your comfort zone
				Evaluate every resume in the same manner
				Identify what the firm’s needs are before you start the interview process
				Stick to the script during the interview process
				Ensure that the decisions are based on the correct metrics
				The ability to continually analyze the hiring process
			Tokyo medical university student selection process: An example of explicit bias
	Managers and toxic workplace climate
		Employees are not able to make decisions
		Remote work is not considered “real” work
		Entrepreneurship is not encouraged
		An “us versus them” toxic workplace climate
		Preferential treatment
		Darwinist approach to employee performance
		Managers forcing employees to write fake reviews
		Ethical values are not applied
	Bibliography
6 Ethics and environmental sustainability
	Ethics and environmental sustainability
	Examples of highly sustainable companies
		Orsted
		Chr. Hansen Holding
		Neste Oyj
	The tragedy of the commons
	The tragedy of the oceans
	The natural environment as a stakeholder
	Environmental justice
	Environmental racism in Houston, Texas
	The case of environmental injustice and toxic eggs in Ghana
	Not In My Backyard (NIMBY)
		NIMBY versus wind power
			Germany versus wind power
	Ethics and climate change
		The global impacts of climate change
			Increased temperatures
			Rising sea levels
			Natural disasters
			Political and security risks
			Human health risks
			Wildlife and ecosystems
			Climate change and Bangladesh
	Bibliography
7 Ethical issues in the developing world
	Social entrepreneurship
		Four types of capital for social entrepreneurs
			Financial capital
			Social capital
			Environmental capital
			Aesthetic capital
		Sanjit Bunker Roy: A true social entrepreneur
		Barefoot College funding model
	The bottom of the pyramid
		Companies with a higher purpose
		Trust and community before transactions
		Lower-cost design
		Hybrid products of luxury and economy
		Social codes and norms
		The impact of COVID-19 at the bottom of the pyramid
		Microfinance and the bottom of the pyramid
	Fair trade
		Economic standards
		Environmental standards
		Social standards
		Cocoa and fair trade
	Human rights
		Personal rights
		Legal rights
		Civil liberties
		Subsistence rights
		Economic rights
		Social and cultural rights
		Political rights
		Five steps to ensure the protection of human rights
		Amnesty International
	Bibliography
Index