Ethics and the Conduct of Business

by Boatright, John R.

• ISBN13: 9780131947214
• ISBN10: 0131947214
• Edition: 5th
• Format: Paperback
• Copyright: 2009-07-07
• Publisher: Prentice Hall

Summary

"Ethics and the Conduct of Business, Fifth Edition, frames each issue and examines the arguments on each side with rigor and clarity. Numerous short cases and real-life examples increase understanding and stimulate classroom discussion. The revised and updated Fifth Edition retains the familiar structure of previous editions, although the material on ethical theory, formerly in three chapters, has been reorganized and reduced to two chapters. Of the forty-five cases in the book, eight are new. The chapter on marketing has been extensively rewritten."--BOOK JACKET.

Table of Contents

Preface	vii
Acknowledgments	ix
Ethics in the World of Business	1	(29)
Case 1.1 Johnson & Johnson: The Tylenol Crisis	1	(2)
Introduction	3	(1)
Business Decision Making	3	(9)
Case 1.2 The Ethics of Hardball	12	(1)
Ethics, Economics, and Law	13	(5)
Ethics and Management	18	(4)
Business Ethics and Ethical Theory	22	(3)
Case 1.3 A Sticky Situation	25	(1)
Case 1.4 Argus Incorporated: A Leasing Triangle	26	(4)
Welfare, Rights, and Justice	30	(34)
Case 2.1 Beech-Nut's Bogus Apple Juice	30	(1)
Introduction	31	(1)
Utilitarianism	32	(5)
Rights and Justice	37	(8)
The Market System	45	(7)
Cost-Benefit Analysis	52	(5)
Case 2.2 Exporting Pollution	57	(1)
Case 2.3 An Auditor's Dilemma	58	(6)
Equality, Liberty, and Virtue	64	(28)
Case 3.1 Big Brother at Procter & Gamble	64	(2)
Introduction	66	(1)
Kantian Ethics	66	(6)
Rawls's Egalitarian Theory	72	(4)
Libertarianism	76	(4)
Virtue Ethics	80	(5)
Case 3.2 Clean Hands in a Dirty Business	85	(2)
Case 3.3 Executive Compensation	87	(5)
Whistle-Blowing	92	(24)
Case 4.1 Time's Persons of the Year	92	(3)
Introduction	95	(1)
What Is Whistle-Blowing?	96	(2)
The Justification of Whistle-Blowing	98	(7)
Is There a Right to Blow the Whistle?	105	(4)
Developing a Whistle-Blowing Policy	109	(2)
Case 4.2 A Whistle-Blower Accepts a ``Deal''	111	(1)
Case 4.3 Better Late than Never?	112	(4)
Trade Secrets and Conflict of Interest	116	(29)
Case 5.1 The Aggressive Ad Agency	116	(1)
Introduction	117	(1)
Trade Secret Protection	118	(9)
Competitor Intelligence Gathering	127	(2)
Conflict of Interest	129	(12)
Case 5.2 The Conflict of an Insurance Broker	141	(1)
Case 5.3 Procter & Gamble Goes Dumpster Diving	142	(3)
Privacy	145	(29)
Case 6.1 Psychological Testing at Dayton Hudson	145	(1)
Introduction	146	(1)
Challenges to Privacy	147	(4)
The Meaning and Value of Privacy	151	(7)
The Privacy of Employee Records	158	(5)
Privacy on the Internet	163	(6)
Case 6.2 Three Challenges to Employee Privacy	169	(1)
Case 6.3 Ford Meter Box	170	(4)
Discrimination and Affirmative Action	174	(33)
Case 7.1 Discrimination at Texaco	174	(2)
Introduction	176	(1)
What is Discrimination?	177	(6)
Arguments Against Discrimination	183	(2)
Avoiding Discrimination	185	(4)
Affirmative Action	189	(12)
Case 7.2 The Alaskan Salmon Cannery	201	(1)
Case 7.3 The Walkout at Wilton's	202	(5)
Women and Family Issues	207	(28)
Case 8.1 Jacksonville Shipyards	207	(2)
Introduction	209	(1)
Sexual Harassment	209	(7)
Comparable Worth	216	(10)
Family and Work	226	(4)
Case 8.2 Sexual Harassment or Business as Usual?	230	(1)
Case 8.3 Is Family-Friendly Always Fair?	231	(4)
Unjust Dismissal	235	(24)
Case 9.1 The Firing of Robert Greeley	235	(1)
Introduction	236	(1)
Property Rights and Employment	237	(6)
The Freedom of Contract Argument	243	(3)
Efficiency and Employment at Will	246	(5)
Protecting Against Unjust Dismissal	251	(3)
Case 9.2 Waiving the Right to Sue	254	(1)
Case 9.3 A ``State-of-the-Art'' Termination	255	(4)
Marketing, Advertising, and Product Safety	259	(44)
Case 10.1 Selling Hope	259	(2)
Introduction	261	(1)
Marketing	262	(10)
Advertising	272	(12)
Product Safety	284	(11)
Case 10.2 Volvo's ``Bear Foot'' Misstep	295	(1)
Case 10.3 The Ford-Firestone Brawl	296	(7)
Occupational Health and Safety	303	(29)
Case 11.1 When Is an Accident a Crime?	303	(1)
Introduction	304	(1)
The Scope of the Problem	305	(9)
Case 11.2 Whirlpool Corporation	314	(1)
The Right to Know About and Refuse Hazardous Work	314	(7)
Case 11.3 Johnson Controls, Inc.	321	(1)
The Problem of Reproductive Hazards	322	(6)
Case 11.4 Genetic Testing at Burlington Northern	328	(4)
Ethics in Finance	332	(32)
Case 12.1 Merrill Lynch and the Nigerian Barge Deal	332	(2)
Introduction	334	(1)
Financial Services	334	(5)
Financial Markets	339	(4)
Insider Trading	343	(5)
Hostile Takeovers	348	(9)
Case 12.2 The Salomon Brothers Bond Trading Scandal	357	(2)
Case 12.3 Strong Financial Management Mutual Funds	359	(5)
Ethics and Corporations	364	(40)
Case 13.1 Competing Visions at Malden Mills	364	(2)
Introduction	366	(1)
Social Responsibility	367	(9)
Corporate Governance	376	(12)
Case 13.2 Bath Iron Works	388	(1)
Corporate Ethics	389	(9)
Case 13.3 Sears Auto Centers	398	(6)
International Business Ethics	404	(37)
Case 14.1 Nike in Southeast Asia	404	(1)
Introduction	405	(1)
What to Do in Rome	406	(9)
Wages and Working Conditions	415	(5)
Foreign Bribery	420	(4)
Cultural Differences	424	(8)
Case 14.2 H. B. Fuller in Honduras	432	(2)
Case 14.3 Shell Oil in Nigeria	434	(2)
Case 14.4 Merck and AIDS in South Africa	436	(5)
Index	441