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Summary
Summary
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 situationsÂincluding 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.
Author Notes
MARGARET CORDING is a doctoral candidate at the Darden Graduate School of Business Administration, University of Virginia, specializing in business ethics and strategy. She earned her MBA from the Wharton School, University of Pennsylvania. Previously she worked in financial services for over 15 years, most recently as a managing director for The Chase Manhattan Bank.
THOMAS DONALDSON is the Mark O. Winkelman Professor at the Wharton School of the University of Pennsylvania, where he is the director of the Wharton Ethics Program. From 1990 to 1996 he held the position of the John F. Connelly Professor of Business Ethics in the School of Business, Georgetown University. Professor Donaldson has written broadly in the area of business values and professional ethics including The Ties that Bind: A Social Contract Approach to Business Ethics, co-authored with Thomas W. Dunfee (Harvard University Business School Press, 1999), and Ethics in International Business (Oxford University Press, 1989).
PATRICA H. WERHANE is the Ruffin Professor of Business Ethics and senior fellow of the Olsson Center for Applied Ethics in the Darden Graduate School of Business Administration at the University of Virginia. She was formerly the Wirtenberger Professor of Business Ethics at Loyola University Chicago. She has been a Rockefellor Fellow at Dartmouth, Arthur Anderson Visiting Professor at the University of Cambridge, and Erskine Visiting Fellow at the University of Canterbury (New Zealand). Professor Werhane has published numerous articles and is the author or editor of 13 books including Persons, Rights and Corporations, and Adam Smith and His Legacy for Modern Capitalism. Her latest books are Moral Imagination and Managerial Decision-Making, and Organization Ethics for Health Care (with E. Spencer, A. Mills and M. Rorty) both with Oxford University Press. She is also founder and former editor-in-chief of Business Ethics Quarterly, the journal of the Society for Business Ethics
Reviews 1
Choice Review
Covering a wide range of material, this business ethics volume employs a philosophical approach rather than the usual managerial perspective of business and society texts. The work is organized around five major topical groups; for each group there is a brief introduction as well as a selection of readings and cases written by many authors. Following theoretical work on ethical reasoning are actual business cases that call for such reasoning. Contributions included range from early Western philosophers (Adam Smith, Kant) to recent economics/business thinkers (Sen, Simon). Contributors represent the fields of law, public policy, women's studies, sociology, journalism, and consulting. The large and varied amount of material would seem to make it ideal as a reference work for faculty of various disciplines who address business ethics. However, the lack of an index makes it much less useful. The material is intellectually challenging--not an easy read without a good background in philosophy and economics. The choice of cases is appropriate, although there are no updates for older cases. This new edition incorporates new cases and readings as well as international material. Recommended for upper-division undergraduate through faculty audiences. F. Reitman Pace University
Table of Contents
General Introduction |
Introduction to Ethical ReasoningThomas Donaldson and Patricia H. Werhane |
Does Business Ethics Make Economic Sense?Amartya Sen |
I General Issues In Ethics |
Truth Telling |
Case Study: Italian Tax MoresArthur L. Kelley |
Ethical Duties Towards Others: TruthfulnessImmanuel Kant |
Is Business Bluffing Ethical?Albert Carr |
Business Ethics and PoliticsJoseph Betz |
Promoting Honesty in Negotiation: An Exercise in Practical EthicsPeter C. Cramton and J. Gregory Dees |
Virtues and the Virtuous Manager: Case Study: Run Inc |
American Institute of Certified Public Accountants Corporate Roles Personal Virtues: An Aristotelean Approach to Business EthicsRobert C. Solomon |
Moral Mazes: Bureaucracy and Managerial WorkRobert Jackall |
II Property profit and Justice |
Traditional Theories of Property and Profit: |
Case Study: Plasma InternationalT.W. Zimmerer and P.L. Preston |
Case Study: Dorrence Corporation Trade-offsHans Wolf |
The Justification of Private PropertyJohn Locke |
Alienated LaborKarl Marx |
Benefits of the Profit MotiveAdam Smith |
WealthAndrew Carnegie |
Property and Profit: Modern Discussions |
Case Study: Merck & Co. Inc. |
The Business Enterprise Trust |
The Social Responsibility of Business is to IncreaseMilton Friedman |
Can Socially Responsible Firms Survive in a Competitive EnvironmentRobert H. Frank |
The Moral Muteness of ManagersFrederick B. Bird and James A. Waters |
Justice |
Case Study: The Oil RigJoanne B. Ciulla |
Distributive JusticeJohn Rawls |
The Entitlement TheoryRobert Nozick |
Complex EqualityMichael Walzer |
III Corporations persons and Morality |
The Moral Responsibility of Corporations |
Case Study: H.B. Fuller in HonduraNorman E. Bowie and Stefanie Ann Lenway |
Stakeholder Theory of the Modern CorporationR. Edward Freeman |
Business Ethics and Stakeholder AnalysisKenneth E. Goodpaster |
The New U.S. Sentencing Commission Guidelines: A Wake-Up Call for Corporate AmericaDan R. Dalton and Michael B. Metzger and John W. Hill |
Parable of the SadhuBowen H. McCoy |
Employee Rights and Responsibilities |
Case Study: The Aircraft Brake ScandalKermit Vandivier |
Whistleblowing and Professional ResponsibilitySissela Bok |
Employment at Will and Due ProcessPatricia H. Werhane and Tara J. Radin |
In Defense of Contract at WillRichard A. Epstein |
Employability SecurityRosabeth Moss Kanter |
Diversity |
Case Study: Ellen Moore: Living and Working in BahrainGail Ellement and Martha Maznevski and Henry W. Lane |
Case Study: Is This the Right Time to Come Out?Alistair D. Williamson |
Management Women and the New Facts of Life Schwartz |
White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women's StudiesPeggy McIntosh |
Sexual HarassmentSusan M. Dodds and Lucy Frost and Robert Pargetter and Elizabeth W. Prior |
IV International Business |
Ethical Relativism |
Case Study: What Price Safety? from Uncompromising Integrity: Motorola's Global Challenge |
Relativism Cultural and MoralNorman E. Bowie |
The United Nations Declaration of Human Rights |
Business Values Away from Home |
Case Study: Just When is a Tip Only Another Means to Insure Promptness? |
Case Study: Levi Strauss & Co.Global Sourcing and Lynn Sharpe Paine and Jane Palley Katz |
International Business Ethics and Incipient Capitalism: A Double Standard?Richard T. De George |
Values in Tension: Ethics away from Home Thomas Donaldson Harvard Business Review (September-October 1996) |
V Contemporary Business Themes |
Marketing |
Case Study: Joe Camel: The Cartoon Character Who Sells CigarettesMarianne M. Jennings |
Persuasive Advertising, Autonomy, and the Creation of DesireRoger Crisp |
Ethical Myopia: The Case of Framing by FramingAlan E. Singer and Steven Lysonski and Ming Singer and David Hayes |
Marketing to Inner-City Blacks: PowerMaster and Moral ResponsibilityGeorge C. Brenkert |
Strategy |
Case Study: Sears Auto CentersLynn Sharp Paine and Michael A. Santoro |
The Leader's New Work: Building Learning OrganizationsPeter M. Senge |
The Many Faces of the Corporate CodeLisa H. Newton |
Managing for Organizational IntegrityLynn Sharp Paine |
The Environment |
Case Study: Shell and Nigerian OilWilliam E. Newburry and Thomas N. Gladwin |
Scarcity or Abundance?Julian L. Simon |
Holes in the CornucopiaErnest Partridge |
Biographical Information |