Cover image for Ethical issues in business : a philosophical approach
Title:
Ethical issues in business : a philosophical approach
Edition:
7th ed.
Publication Information:
Upper Seddle River, N.J. : Prentice Hall, 2002
ISBN:
9780130923875

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30000010049450 HF5387 E83 2002 Open Access Book Book
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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 situations—including 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