9780130923875

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 realcontemporary 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. For professionals in the business fields of accounting, finance, marketing, and more.

Preface

xi

General Introduction

1

(1)

Introduction to Ethical Reasoning

1

(11)

Thomas Donaldson

Patricia H. Werhane

PART ONE General Issues in Ethics

Introduction

12

(8)

Business Ethics: The Controversy

20

(41)

Case Study H.B. Fuller in Honduras: Street Children and Substance Abuse

20

(13)

Norman Bowie

Stefanie Lenway

The Social Responsibility of Business Is to Increase Its Profits

33

(5)

Milton Friedman

Stakeholder Theory of the Modern Corporation

38

(11)

R. Edward Freeman

Business Ethics and Stakeholder Analysis

49

(12)

Kenneth E. Goodpaster

Ethical Reasoning in Practice

61

(37)

A Kantian Approach to Business Ethics

61

(10)

Norman E. Bowie

Corporate Roles, Personal Virtues: An Aristotelean Approach to Business Ethics

71

(12)

Robert C. Solomon

The Very Idea of a Conceptual Scheme

83

(15)

Patricia H. Werhane

Truth Telling

98

(42)

Case Study: Italian Tax Mores

98

(2)

Arthur L. Kelly

Ethical Duties Towards Others: ``Truthfulness''

100

(6)

Immanuel Kant

Is Business Bluffing Ethical?

106

(6)

Albert Carr

The Business of Ethics

112

(6)

Norman C. Gillespie

Trust, Morality and International Business

118

(13)

George G. Brenkert

PART TWO Property, Profit, and Justice

Introduction

131

(9)

Traditional Theories of Property and Profit

140

(29)

Case Study Plasma International

140

(2)

T. W. Zimmerer

P. L. Preston

Case Study Dorrence Corporation Trade-offs

142

(8)

Hans Wolf

The Justification of Private Property

150

(5)

John Locke

Benefits of the Profit Motive

155

(4)

Adam Smith

Alienated Labour

159

(5)

Karl Marx

Wealth

164

(5)

Andrew Carnegie

The Impact of Technology on Traditional Views of Property

169

(23)

Case Study `McMadness' Hong Kong Style

169

(7)

Ali F. Farhoomand

Vanessa N. Clark

P. Lovelock

The Judgment of Thamus

176

(6)

Neil Postman

Needed: A New System of Intellectual Property Rights

182

(10)

Lester C. Thurow

Justice

192

(46)

Case Study The Oil Rig

192

(1)

Joanne B. Ciulla

Distributive Justice

193

(10)

John Rawls

The Entitlement Theory

203

(7)

Robert Nozick

Complex Equality

210

(18)

Michael Walzer

PART THREE Corporations, Persons, and Morality

Introduction

228

(10)

The Role of Organizational Values

238

(31)

Case Study Merck & Co., Inc. The Business Enterprise Trust

238

(6)

Does Business Ethics Make Economic Sense?

244

(8)

Amartya Sen

Can Socially Responsible Firms Survive in a Competitive Environment?

252

(10)

Robert H. Frank

The Parable of the Sadhu

262

(7)

Bowen H. McCoy

Values and the Virtuous Manager

269

(54)

Case Study Run, Inc. American Institute of Certified Public Accountants

269

(15)

Moral Mazes: Bureaucracy and Managerial Work

284

(18)

Robert Jackall

The Moral Muteness of Managers

302

(13)

Frederick B. Bird

James A. Waters

The ``New'' U.S. Sentencing Guidelines: A Wake-Up Call for Corporate America

315

(8)

Dan R. Dalton

Michael B. Metzger

John W. Hill

Employee Rights and Responsibilites

323

(41)

Case Study The Aircraft Brake Scandal

323

(12)

Kermit Vandivier

Whistleblowing and Professional Responsibilities

335

(8)

Sissela Bok

Employment at Will, Employee Rights, and Future Directions for Employment

343

(9)

Tara J. Radin

Patricia H. Werhane

In Defense of the Contract at Will

352

(9)

Richard A. Epstein

Employability Security

361

(3)

Rosabeth Moss Kanter

Diversity

364

(32)

Case Study The Case of the Unequal Opportunity

364

(6)

Mary C. Gentile

Management Women and the New Facts of Life

370

(11)

Felice N. Schwartz

White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women's Studies

381

(10)

Peggy McIntosh

PART FOUR International Business

Introduction

391

(5)

Ethical Relativism

396

(33)

Case Study What Price Safety?

396

(3)

Case Study W.R. Grace & Co. and the Neemix Patent (A)

399

(11)

Kristi Severance

Lisa Shapiro

Patricia H. Werhane

The Challenge of Cultural Relativism

410

(9)

James Rachels

A Social Contracts Approach to Business Ethics

419

(5)

Thomas Donaldson

Thomas W. Dunfee

The United Nations Declaration of Human Rights

424

(5)

Business Values Away From Home

429

(57)

Case Study Just When Is a ``Tip'' Only ``To Insure Promptness?''

429

(3)

Case Study Levi Strauss & Co.: Global Sourcing (A)

432

(26)

Lynn Sharp Paine

Jane Palley Katz

International Business Ethics and Incipient Capitalism: A Double Standard?

458

(13)

Richard T. De George

Values in Tension: Ethics Away From Home

471

(11)

Thomas Donaldson

PART FIVE Contemporary Business Themes

Introduction

482

(4)

Marketing

486

(36)

Case Study Fingerhut's Price Strategy

486

(14)

Lee Fennel

Gretchen A. Kalsow

June West

Case Study Kate: Dot-Com CEO

500

(3)

Mark S. Schwartz

Persuasive Advertising, Autonomy, and the Creation of Desire

503

(8)

Roger Crisp

Ethical Myopia: The Case of ``Framing'' by Framing

511

(11)

Alan E. Singer

Steven Lysonski

Ming Singer

David Hayes

The Environment

522

(43)

Case Study Shell and Nigerian Oil

522

(19)

William E. Newburry

Thomas N. Gladwin

Scarcity or Abundance?

541

(9)

Julian L. Simon

The Natural Step

550

(9)

Wendy Warren

Andrea Larson

Cost-Benefit Analysis: An Ethical Critique

559

(6)

Steven Kelman

Leadership

565

(49)

Case Study Sears Auto Centers

565

(18)

Lynn Sharp Paine

Michael A. Santoro

Management Research and Practice: Citigroup's John Reed

583

(3)

Anne Sigismund Huff

Managing for Organizational Integrity

586

(13)

Lynn Sharp Paine

The Leader's New Work: Building Learning Organizations

599

(15)

Peter M. Senge

Biographical Information

614

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Ethical Issues in Businesswas 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 Businesswas 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 challenged traditional 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.

Amazon no longer offers textbook rentals. We do!

Ethical Issues in Business: A Philosophical Approach

Ethical Issues in Business: A Philosophical Approach

0130923877

Summary

Table of Contents

Supplemental Materials

Excerpts