Details

This is Business Ethics

An Introduction
This is Philosophy 1. Aufl.

von: Tobey Scharding
21,99 €
Verlag:	Wiley-Blackwell
Format:	EPUB
Veröffentl.:	27.04.2018
ISBN/EAN:	9781119055204
Sprache:	englisch
Anzahl Seiten:	272

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Titelbeschreibung

Take a seat in the boardroom. What will you decide? Corporations make difficult decisions about the right thing to do every day, but as an organization made up of people with different perspectives and values, how can a business behave ethically? This is Business Ethics offers a dynamic and engaging introduction to the study of corporate morality. <ul> <li>Offers real-world practical advice for navigating ethical dilemmas in business, developed and explained through illustrative high-profile case studies like the Ford Pinto case, Enron, Walmart and British Petroleum.</li> </ul> <ul> <li>Explores how ethical theory informs business policy and practice.</li> </ul> <ul> <li>Presents unresolved contemporary case studies for consideration, inviting readers to participate in the decision-making and offer their own recommendations.</li> </ul> <ul> <li>The latest in the This is Philosophy series, This is Business Ethics features supplemental online resources for instructors and students at <a href="https://www.wiley.com/en-us/thisisphilosophy/thisisbusinessethicsanintroduction">https://www.wiley.com/enus/thisisphilosophy/thisisbusinessethicsanintroduction</a></li> </ul>

Inhaltsverzeichnis

Preface xii Part I Problems in Business Ethics 1 1 Ethics: Doing the Right Thing 3 Introduction to Ethics 3 What are ethical questions 3 How to answer ethical questions 4 Introductory Case Studies 5 Sam and the substandard notes 5 Casey and the overly‐demanding internship 6 Tatiana and the fair distribution of chores 7 Alex and the too‐easy‐to‐cheat course 8 Evaluating the Case Studies 9 Non‐ethical guidelines for thinking about the cases 9 Ethical guidelines for thinking about the cases 11 Limitations of ethical evaluation: the problem of controversy 12 Reference 13 2 Business: Maximizing Profit 14 Theory of the Firm 14 Firm organization 15 Why the firm exists at all 16 Problems for firm organization 17 Business Decision‐Making: Shareholders and Cost‐Benefit Analysis 17 The Dominant Model 19 Shareholder Theory 22 Cost‐benefit analysis 25 Business in Society: Consumers, Employees, and Community 27 References and Further Reading 31 3 Classic Business Ethics Dilemmas: When Doing the Right Thing Does Not Maximize Profits 32 Doing Right by Consumers: The Ford Pinto Case 33 Doing Right by Employees: The Walmart Case 38 Doing Right by the Community: The B.P. Case 40 Doing Right by Shareholders: The Enron Case 42 References and Further Reading 46 Case Cited 46 Part II Tools to Solve Business Ethics Dilemmas 47 4 Ethical Theories 49 The Three Major Ethical Theories 51 Utility‐based ethics 52 Kant’s duty‐based ethics 61 Aristotle’s virtue‐based ethics 67 Other Bases for Ethics 72 Natural law theory 72 Contract theory 73 Ethics of care 74 Feminist ethics 75 References and Further Reading 76 5 Theories of Corporate Personhood 77 Businesses as Ethical Persons 78 Businesses as Bureaucracies 83 Businesses as Collective Persons 87 References and Further Reading 91 6 Theories of Political Economy 92 Private Property 95 The justification of private property 96 Distributive justice 106 The Division of Labor 112 Smith’s productivity‐based defense of the division 112 Marx’s alienation‐based criticism of the division 115 References and Further Reading 118 Part III Contemporary Case Studies 119 7 Business Ethics in Employment 121 Employment at Will: The Bechtel Case 121 Bechtel’s corporate identity 122 Facts of the case 122 What happened 124 Historical significance 124 Ethical significance: conditions of employment 125 Executive Compensation: The A.I.G. Case 130 A.I.G.’s corporate identity 131 Facts of the case 131 What happened 133 Historical significance 133 Ethical significance: executive compensation 134 Preventing Discrimination and Achieving Diversity: The Google Case 136 Google’s corporate identity 137 Facts of the case 138 What happened 139 Ethical significance: unconscious bias 141 Work‐Life Balance: The Amazon Case 143 Amazon’s corporate identity 144 Facts of the case 144 What happened 145 Historical significance 146 Ethical significance: work‐life balance 146 References and Further Reading 147 Case Cited 148 8 Business Ethics in Advertising 149 Manipulative Advertising: The Four Loko Case 149 Phusion Projects’ corporate identity 150 Facts of the case 150 What happened 151 Historical significance 152 Ethical significance: manipulative advertising 152 Targeted Advertising: The Facebook Case 155 Facebook’s corporate identity 156 Facts of the case 156 What happened 157 Historical significance 157 Ethical significance: targeted advertising 158 The Dependence Effect: The Lipitor Case 158 Pfizer’s corporate identity 159 Facts of the case 159 What happened 160 Historical significance 160 Ethical significance: the dependence effect 161 Discriminatory Advertising: The Abercrombie & Fitch Case 161 Abercrombie & Fitch’s corporate identity 162 Facts of the case 163 What happened 163 Historical significance 164 Ethical significance: discriminatory advertising 164 References and Further Reading 165 9 Business Ethics in the Financial Sector 167 Predatory Lending: The Countrywide Financial Case 167 Countrywide Financial’s corporate identity 168 Facts of the case 168 What happened 170 Historical significance 171 Ethical significance: predatory lending 171 Investment Risk: The Lehman Brothers Case 172 Lehman Brothers’ corporate identity 173 Facts of the case 175 What happened 176 Historical significance 176 Ethical significance: investment risk 176 Short Selling: The Herbalife Case 178 Herbalife’s corporate identity 179 Pershing Square Capital Management’s corporate identity 179 Facts of the case 180 What happened 181 Historical significance 182 Ethical significance: short selling 182 Insider Trading: The Nomura Case 184 Nomura’s corporate identity 184 Facts of the case 185 What happened 186 Historical significance 186 Ethical significance: insider trading 186 References and Further Reading 187 10 Business Ethics in the Environment 190 Water Supply: The Coca‐Cola India Case 190 Coca‐Cola India’s corporate identity 191 Facts of the case 191 What happened 192 Historical significance 193 Ethical significance: tragedy of the commons 193 Indigenous Populations: The TransCanada Case 194 TransCanada’s corporate identity 194 Facts of the case 195 What happened 196 Historical significance 196 Ethical significance: indigenous populations 197 Food Supply: The FieldScripts Case 198 Monsanto’s corporate identity 199 Facts of the case 199 What happened 201 Historical significance 202 Ethical significance: data privacy and trust in business 202 Emissions: The VW Case 203 VW’s corporate identity 204 Facts of the case 205 What happened 206 Historical significance 207 Ethical significance: emissions 207 References and Further Reading 208 11 Business Ethics in Globalization 210 Obtaining Raw Materials: The GlaxoSmithKline Case 210 GlaxoSmithKline’s corporate identity 211 Facts of the case 211 What happened 213 Historical significance 214 Ethical significance: raw materials 214 Child Labor: The Victoria’s Secret Case 214 Victoria’s Secret’s corporate identity 215 Facts of the case 215 What happened 217 Historical significance 217 Ethical significance: child labor 218 Different Cultures: The Yahoo! Case 218 Yahoo’s corporate identity 219 Facts of the case 219 What happened 220 Historical significance 221 Ethical significance: repressive political regimes 221 Doing Business with Corrupt Regimes: The IKEA Case 222 IKEA’s corporate identity 222 Facts of the case 223 What happened 223 Historical significance 224 Ethical significance: bribery 224 References and Further Reading 225 Part IV The Future of Business Ethics 229 12 Predicting and Preventing Future Business Ethics Scandals 231 Resolving Conflicts in Ethics 232 What kind of a person do you want to be 234 What kind of world do you want to live in 238 Looking for and Understanding New Cases 240 Patterns of wrongdoing 240 Key values for business 244 Technology and the Future of Business Ethics 245 Index 247

Autorenportrait

TOBEY SCHARDING is Visiting Assistant Professor at Rutgers Business School and Assistant Professor of Philosophy at the Bloomsburg University of Pennsylvania. She specializes in business ethics and finance ethics, with a focus on issues concerning risk and uncertainty. Her articles have appeared in leading academic journals such as Business Ethics Quarterly, Public Affairs Quarterly, and Georgetown Journal of Law and Public Policy.

Back cover copy

TAKE A SEAT IN THE BOARDROOM. WHAT WILL YOU DECIDE? Corporations make difficult decisions about the right thing to do every day—often in unclear and complicated circumstances—but as an organization made up of people with different perspectives and values, how can a business behave ethically? This is Business Ethics offers real-world practical advice for navigating ethical dilemmas in business, developed and explained through illustrative high-profile case studies like the Ford Pinto case, Enron, Walmart and British Petroleum. With detailed explanations of the core principles in ethical theory—including virtue ethics, utilitarianism and deontology—as well as theories of political economy and business organization, This is Business Ethics offers a dynamic and engaging introduction to the study of corporate morality. Designed to help both students and professionals bridge the gap between theory and application, this user-friendly guide tackles the common challenges of applying the principles of classical ethics to the business world. Divided into four distinct parts, the volume explores how ethical theory informs the way that proper business policies and practices are decided, and presents unresolved contemporary case studies for consideration, inviting readers to participate in the decision-making and offer their own recommendations. The latest installment in the popular This is Philosophy series, This is Business Ethics is specifically written for newcomers to business ethics and presumes no prior knowledge of the subject, making it an ideal text for undergraduates and a useful resource for business and management professionals.