An introduction to business ethics

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