Business Ethics and Ethical Business

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  • Format: Paperback
  • Copyright: 2008-08-28
  • Publisher: Oxford University Press

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Business Ethics and Ethical Business is a comprehensive yet brief analytical introduction to the field of business ethics. In three parts, it covers the major problems associated with the place of business in society, the ethics of internal management, and the challenges of internationalbusiness in view of common ethical standards (justice and veracity, beneficence and loyalty, and freedom and respect for persons, among others) and classic ethical theories (Aristotle's virtue ethics, Immanuel Kant's rule-based ethics, J. S. Mill's utilitarianism, and W. D. Ross's intuitionism,etc.). Integrated into the discussion are a number of distinctive elements. Robert Audi takes into account both large companies and small, family owned business; clarifies the nature and importance of rights; and explores the relation between law and ethics in several parts of the book. For a clearerunderstanding of democracy, he considers two main competing views of business in society - the free market view and the corporate social responsibility approach. He also offers brief concept definitions throughout, which later appear in a glossary at the back of the book, to further clarify keyideas. Accompanying the chapters is an Appendix featuring sixteen Case Scenarios modeled on ethical problems common in the business world. The result is a thorough presentation of business ethics that helps readers to acquire the basic conceptual and ethical tools needed to address the moralproblems facing businesses today.

Table of Contents

The Role of Business in a Free Democracy
Two Democratic Traditions
Foundations of Capitalism
Two Conceptions of Democracy
The Rights and Social Responsibilities of Business
The Moral Rights of Businesses
A Proposal for Justifying Inequalities in Free Democracies
Determining Ethical Obligations: Some Major Approaches
Ethical Obligation and Legal Requirements
The Constituencies of Ethical Business
The Scope of Ownership Rights
The Interests of Stockholders
The Multiple-Constituency View of the Corporation
Constituents as "Stakeholders"
A Framework for Making Ethical Decisions
Common-sense Ethical Principles
A Five-step Model for Making Difficult Ethical Decisions
Ethical Business, Environmental Responsibility, and Sustainability
The Value of the Environment
The Ethical Importance of Future Generations
The Ideal of Sustainability
Marketing: Product, Target, and Image
Some Major Dimensions of Marketing Ethics
Five Types of Ethical Problems in Marketing
Insincerity, Deception, and Manipulation in Marketing
Advertising and the Limits of Persuasive Representation
The Ethics of Creating Desire
The Interdependence of Marketing and Manufacturing Decisions
Advertising and the Human Image
The Ethics of Financial Representation
The Centrality of Accounting in Capitalist Democracies
The Public Representation of Financial Positions
Judgment, Clarity, and Conflicts of Interest in Accounting
Part 2
Hiring Policies and Compensation Standards
Preferential Hiring and Affirmative Action
Rationales for Affirmative Action
Promotion and Remuneration
Qualifications and Merit
Executive Compensation
An Approach to Fairness in CEO Compensation
Conditions of Employment and Codes of Ethics
Safety, Risk, and Informed Consent
Whistleblowing Healthcare Obligations and Responsibilities
Privacy in Employment
Private Lives and the Movable Workplace
Company Codes and Mission Statements
Religion in the Workplace
Church-state Separation as a Starting Point in Employment
Some Applications to Managerial Policy Questions
Religion in Large Public Companies
Demonstrative Affiliation in Employment
Managerial Leadership and Corporate Culture
Corporate Culture, Ethos, and Ethics
Managerial Hierarchy and its Limitations
Leadership Versus Power
Ethical Leadership and Leadership in Ethics
Meaningful Work and the Creation of Value
Ethical Problems of Global Business
International Trade and Cross-Cultural Standards
Intercultural Understanding
Child Labor
Gift-giving in Business
Gift-giving Versus Bribery
Nationality, International Business Ethics, and Cosmopolitanism
Cultural Adaptation, Relativity, and Standards of Negotiation
The Relation between Ethics and Law
Ethics and Law in International Business
Intellectual Property, Technology Transfer, and Porous Borders
Cosmopolitanism and International Cooperation
Sixteen Brief Case Scenarios
Table of Contents provided by Publisher. All Rights Reserved.

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