This popular text on Business Ethics introduces the reader to the ethical concepts that are relevant to resolving moral issues in business; imparts the reasoning and anaytical skills needed to apply ethical concepts to business decisions; identifies moral issues specific to a business; provides an understanding of the social, technological, and natural environments within which moral issues in business arise; and supplies case studies of actual moral conflicts faced by businesses. The ethical landscape of business is constantly changing and this edition has been revised to keep pace with those changes most effecting business: accelerating globalization, constant technological updates, proliferating of business scandals.
Part One Basic Principles CHAPTER 1 Ethics and Business Introduction 1.1 Business Ethics and Its Issues Morality Ethics Business Ethics Globalization, Multinationals, and Business Ethics Business Ethics and Cultural Differences ON THE EDGE: Business Ethics in Saudi Culture Technology and Ethics 1.2 Moral Development and Moral Reasoning Moral Development ON THE EDGE: WorldComs Whistleblower Moral Reasoning Analyzing Moral Reasoning 1.3 Arguments for and Against Business Ethics Three Objections to Bringing Ethics into Business The Case for Ethics in Business 1.4 Moral Responsibility and Blame ON THE EDGE: Was National Semiconductor Morally Responsible? Corporate Responsibility ON THE EDGE: Gun Manufacturers and Responsibility Subordinates Responsibility Cases for Discussion Child Slavery in the Chocolate Industry Enrons Fall [ABC Video CDROM] Web Resources CHAPTER 2 Ethical Principles in Business Introduction 2.1 Utilitarianism: Weighing Social Costs and Benefits Traditional Utilitarianism Measurement Problems Utilitarian Replies to Measurement Objections Problems with Rights and Justice Utilitarian Replies to Objections on Rights and Justice 2.2 Rights and Duties ON THE EDGE: Working for Eli Lilly & Company The Concept of a Right Negative and Positive Rights Contractual Rights and Duties A Basis for Moral Rights: Kant The First Formulation of Kants Categorical Imperative The Second Formulation of Kants Categorical Imperative Problems with Kant The Libertarian Objection: Nozick ON THE EDGE: Conflict Diamonds 2.3 Justice and Fairness Distributive Justice Justice as Equality: Egalitarianism Justice Based on Contribution: Capitalist Justice Justice Based on Needs and Abilities: Socialism ON THE EDGE: ExxonMobil, Amerada Hess, and Marathon Oil in Equatorial Guinea Justice as Freedom: Libertarianism Justice as Fairness: Rawls Retributive Justice Compensatory Justice 2.4 The Ethics of Care Partiality and Care Objections to Care 2.5 Integrating Utility, Rights, Justice, and Caring 2.6 An Alternative to Moral Principles: Virtue Ethics The Nature of Virtue The Moral Virtues Virtues, Actions, and Institutions Virtues and Principles 2.7 Morality in International Contexts Cases for Discussion Publius Unocal in Burma [ABC Video CDROM] Web Resources Part Two The Market and Business CHAPTER 3 The Business System: Government, Markets, and International Trade. Introduction Economic Systems 3.1 Free Markets and Rights: John Locke Criticisms of Lockean Rights 3.2 Free Markets and Utility: Adam Smith Criticisms of Adam Smith The Keynesian Criticism The Utility of Survival of the Fittest: Social Darwinism 3.3 Free Trade and Utility: David Ricardo Criticisms of Ricardo 3.4 Marx and Justice: Criticizing Markets and Trade Alienation ON THE EDGE: Napsters, Groksters, and Streamcasts Revolution The Real Purpose of Government ON THE EDGE: Brians Franchise 3.5 Conclusion: The Mixed Economy Property Systems and New Technologies The End of Marxism? Cases for Discussion GlaxoSmithKline, Bristol-Myers Squibb, and AIDS in Africa [ABC Video CDROM] Accolade versus Sega Web Resources CHAPTER 4 Ethics in the Marketplace Introduction 4.1 Perfect Competition Equilibrium in Perfectly Competitive Markets Ethics and Perfectly Competitive Markets 4.2 Monopoly Competition Monopoly Competition: Justice, Utility, and Rights ON THE EDGE: Drug Company Monopolies and Profits 4.3 Oligopolistic Competition Explicit Agreements Tacit Agreements Bribery 4.4 Oligopolies and Public Policy ON THE EDGE: Fixing the Computer Memory Market The Antitrust View ON THE EDGE: Oracle And Peoplesoft The Regulation View Cases For Discussion Playing Monopoly: Microsoft [ABC Video CDROM] Archer Daniels Midland and the Friendly Competitors Web Resources Part Three Business and Its External Exchanges: Ecology and Consumers CHAPTER 5 Ethics and the Environment Introduction 5.1 The Dimensions Of Pollution and Resource Depletion ON THE EDGE: The Aroma of Tacoma Water Pollution Depletion of Species and Habitats Depletion of Fossil Fuels Depletion of Minerals ON THE EDGE: The Auto Companies in China 5.2 The Ethics of Pollution Control Ecological Ethics Environmental Rights and Absolute Bans Utilitarianism and Partial Controls Private Costs and Social Costs Remedies: The Duties of the Firm Justice Costs and Benefits Social Ecology, Ecofeminism, and the Demands of Caring 5.3 The Ethics of Conserving Depletable Resources Rights of Future Generations Justice to Future Generations ON THE EDGE: Exporting Poison Economic Growth? Cases for Discussion The Ok Tedi Copper Mine Gas or Grouse? [ABC Video CDROM] Web Resources CHAPTER 6 The Ethics of Consumer Production and Marketing Introduction 6.1 Markets and Consumer Protection 6.2 The Contract View of Business Duties to Consumers The Duty to Comply The Duty of Disclosure The Duty Not to Misrepresent The Duty Not to Coerce Problems with the Contractual Theory ON THE EDGE: The Tobacco Companies and Product Safety 6.3 The Due Care Theory The Duty to Exercise Due Care Problems with "Due Care" 6.4 The Social Costs View of the Manufacturers Duties ON THE EDGE: Advertising Death? Problems with the Social Costs View 6.5 Advertising Ethics A Definition Social Effects of Advertising Advertising and the Creation of Consumer Desires Advertising and Its Effects on Consumer Beliefs ON THE EDGE: New Balance and the "Made in USA" label 6.6 Consumer Privacy Cases for Discussion Becton Dickinson and Needle Sticks The Ford/Firestone Debacle [ABC Video CDROM] Web Resources Part Four Business and Its Internal Constituencies: Employee Issues CHAPTER 7 The Ethics of Job Discrimination Introduction 7.1 Job Discrimination: Its Nature Forms of Discrimination: Intentional and Institutional Aspects ON THE EDGE: Johnson Controls Fetal Protection Policy 7.2 Discrimination: Its Extent Average Income Comparisons Lowest Income Group Comparisons Desirable Occupation Comparisons 7.3 Discrimination: Utility, Rights, and Justice Utility Rights Justice Discriminatory Practices on the edge: Wall Street: Its A Mans World Sexual Harassment Beyond Race and Sex: Other Groups ON THE EDGE: Peter Oiler and Winn Dixie Stores 7.4 Affirmative Action Affirmative Action as Compensation Affirmative Action as an Instrument for Achieving Social Goals Implementing Affirmative Action and Managing Diversity Comparable Pay for Jobs of Comparable Worth Conclusions Cases for Discussion Should Kroger Pay Now for What Ralphs Employee Did Then? [ABC Video CDROM] Wal-Mart Women Web Resources CHAPTER 8 The Individual in the Organization Introduction 8.1 The Rational Organization 8.2 The Employees Obligations to the Firm Conflicts of Interest Employee Theft and Computers Insider Trading 8.3 The Firms Duties to the Employee Wages Working Conditions: Health and Safety Working Conditions: Job Satisfaction 8.4 The Political Organization 8.5 Employee Rights Freedom of Conscience The Right to Participate and Participatory Management The Right to Due Process versus Employment at Will ON THE EDGE: Employment at Will at Howmet Corporation? Employee Rights and Plant Closings ON THE EDGE: Swingline Moves Unions and the Right to Organize 8.6 Organizational Politics The Ethics of Political Tactics 8.7 The Caring Organization Cases for Discussion Gaps Labor Problems [ABC Video CDROM] Who Should Pay? Web Resources