Business Ethics as Rational Choice

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  • Edition: 1st
  • Format: Paperback
  • Copyright: 2010-08-11
  • Publisher: Pearson

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Business Ethics as Rational Choicefocuses on building decision-making skills so that readers can arrive at, and defend, personal or company decisions in an objective, and convincing, manner. Introduction; Conditions for Rational Choice; Distributive Justice and Autonomy; Initial Case Studies; MBA Student Dilemmas; Business Case Studies; Cross-cultural Ethics For those in business or government who desire a conceptual framework and vocabulary, as well as busy managers looking for a concise presentation of basic theory.

Table of Contents

Prefacep. ix
About the Authorp. xi
Introductionp. 1
Why Business Ethics?p. 2
Dispelling the Mythsp. 3
How to Use This Bookp. 4
Notesp. 5
Conditions For Rational Choicep. 6
Jennifer's Choicep. 6
The Generalization Testp. 7
The Basic Argumentp. 7
Corollaries of the Generalization Testp. 8
Why Acts Must Have Reasonsp. 9
Identifying the Reasons for an Actionp. 10
Jennifer's Choicep. 10
Judging Generalizabilityp. 12
Professional Ethicsp. 12
Fiduciary Duty to Stockholdersp. 13
Exercisesp. 14
The Utilitarian Testp. 15
Maximizing Utilityp. 15
Expected Utilityp. 17
Jennifer's Choicep. 17
Does the End Justify the Means?p. 17
Too Much Altruism?p. 18
The Role of Self-Interestp. 19
Predicting the Consequencesp. 19
Exercisesp. 20
Virtue Ethicsp. 20
Teleological Explanationp. 21
Virtuesp. 21
Integrityp. 21
Jennifer's Choicep. 22
Exercisesp. 23
Notesp. 24
Distributive Justice and Autonomyp. 25
Measuring Utilityp. 25
Utility Functionsp. 26
Calibrating Utility Functionsp. 26
Exercisesp. 28
Distributive Justicep. 29
The Veil of Ignorancep. 29
The Difference Principlep. 29
Refining the Difference Principlep. 30
The Liberty Principlep. 31
Exercisesp. 32
Mathematical Note 1p. 32
Mathematical Note 2p. 33
Notesp. 33
Initial Case Studiesp. 34
Spying on Unileverp. 34
Exercisesp. 35
A Damaged Carp. 35
Exercisesp. 36
An insurance Broker's Dilemmap. 37
Exercisesp. 37
Product Safetyp. 38
Exercisesp. 39
Misleading Numbersp. 39
Exercisesp. 41
Health and Smoking Bansp. 42
Exercisesp. 43
Notesp. 45
MBA Student Dilemmasp. 46
Being Honest with the Customerp. 46
Exercisesp. 47
Paying for the Salad Barp. 48
Exercisesp. 48
The Boss's Unauthorized Expensesp. 49
Exercisesp. 49
Accepting Free Ticketsp. 50
Exercisesp. 51
Unauthorized Salary Informationp. 51
Exercisesp. 51
Sacrificing the Old for the Newp. 52
Exercisep. 53
Interviews after Accepting a Jobp. 53
Exercisesp. 57
Notesp. 58
Business Case Studiesp. 59
Nortel and Income Smoothingp. 59
Tires and Rolloversp. 61
The Bullard Housesp. 63
Marketing Prozac and Paxilp. 66
Countrywide Financial and Subprime Mortgagesp. 68
Super Size Mep. 74
Conoco's "Green" Oil Strategyp. 77
Exercisesp. 80
Notesp. 87
Cross-Cultural Ethicsp. 89
Cross-Cultural Decisionsp. 90
Relationships vs. Rulesp. 90
Cronyism and the Purchasing Agentp. 91
Inappropriate Lawsuitsp. 91
Briberyp. 92
Kickbacks in Taiwanp. 92
Bribery in Indiap. 93
Nepotism in Chinap. 94
Accounting Fraud in North Americap. 94
Corruption in Sub-Saharan Africap. 95
Side Payments in the Middle Eastp. 96
Gifts to Korean Officialsp. 97
Dilemma in Côte d'lvoirep. 97
Ethics and Human Naturep. 99
Notesp. 100
Indexp. 101
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