Business Ethics

by Velasquez, Manuel G.

• ISBN13: 9780130938213
• ISBN10: 0130938211
• Edition: 5th
• Format: Paperback
• Copyright: 2002-01-01
• Publisher: Pearson College Div

Summary

For freshman/graduate-level courses in Business Ethics or Business and Society. Best-selling text provides a clear style, abundance of examples, detailed real-life cases, and current data and statistics. Introduces students to ethical concepts, helps them apply ethical concepts to business decisions and identify moral issues involved in the management of specific problem areas in business, and examines social and natural environments within which moral issues in business arise.

Table of Contents

Preface	xiii
Part One: Basic Principles	1	(168)
Ethics and Business	2	(68)
Introduction	2	(5)
The Nature of Business Ethics	7	(20)
Moral Development and Moral Reasoning	27	(11)
Arguments for and Against Business Ethics	38	(8)
Moral Responsibility and Blame	46	(24)
Cases for Discussion	61	(1)
Napster's Revolution	61	(3)
H. B. Fuller and the Street Children of Central America	64	(6)
Ethical Principles in Business	70	(99)
Introduction	70	(3)
Utilitarianism: Weighing Social Costs and Benefits	73	(15)
Rights and Duties	88	(17)
Justice and Fairness	105	(17)
The Ethics of Care	122	(7)
Integrating Utility, Rights, Justice, and Caring	129	(3)
An Alternative to Moral Principles: Virtue Ethics	132	(9)
Morality in International Contexts	141	(28)
Cases for Discussion	155	(1)
Publius	155	(1)
Philip Morris' Troubles	156	(7)
Pepsi's Burma Connection	163	(6)
Part Two: The Market and Business	169	(96)
The Business System	170	(50)
Introduction	170	(5)
Free Market and Rights: John Locke	175	(8)
The Utility of Free Markets: Adam Smith	183	(9)
Marxist Criticisms	192	(7)
Conclusion: The Mixed Economy	199	(21)
Cases for Discussion	210	(1)
The Health Business	210	(4)
Accolade Versus Sega	214	(2)
Brian's Franchise	216	(4)
Ethics in the Marketplace	220	(45)
Introduction	220	(2)
Perfect Competition	222	(11)
Monopoly Competition	233	(3)
Oligopolistic Competition	236	(10)
Oligopolies and Public Policy	246	(19)
Cases for Discussion	252	(1)
Playing Monopoly: Microsoft	252	(8)
A Japanese Bribe	260	(5)
Part Three: Business and Its External Exchanges-Ecology and Consumers	265	(120)
Ethics and the Environment	266	(66)
Introduction	266	(3)
The Dimensions of Pollution and Resource Depletion	269	(18)
The Ethics of Pollution Control	287	(21)
The Ethics of Conserving Depletable Resources	308	(24)
Cases for Discussion	325	(1)
Genetic Engineering at Monsanto/Pharmacia	325	(4)
The New Market Opportunity	329	(3)
The Ethics of Consumer Production and Marketing	332	(53)
Introduction	332	(3)
Markets and Consumer Protection	335	(4)
The Contract View of Business' Duties to Consumers	339	(9)
The Due Care Theory	348	(4)
The Social Costs View of the Manufacturer's Duties	352	(3)
Advertising Ethics	355	(8)
Consumer Privacy	363	(22)
Cases for Discussion	373	(1)
AIDS and Needles	373	(6)
Toy Wars	379	(6)
Part Four: Business and Its Internal Constituencies-Employee Issues	385	(128)
The Ethics of Job Discrimination	386	(57)
Introduction	386	(2)
Job Discrimination: Its Nature	388	(5)
Discrimination: Its Extent	393	(13)
Discrimination: Utility, Rights, and Justice	406	(9)
Affirmative Action	415	(28)
Cases for Discussion	438	(1)
Wage Differences at Robert Hall	438	(3)
Brian Weber	441	(2)
The Individual in the Organization	443	(70)
Introduction	443	(2)
The Rational Organization	445	(2)
The Employee's Obligations to the Firm	447	(10)
The Firm's Duties to the Employee	457	(6)
The Political Organization	463	(2)
Employee Rights	465	(19)
Organizational Politics	484	(7)
The Caring Organization	491	(22)
Cases for Discussion	503	(1)
The Gap	503	(6)
Working for Eli Lilly & Company	509	(4)
Index	513