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Business Ethics, Seventh Edition, 7th Edition

Name: Business Ethics, Seventh Edition, 7th Edition
Author: Joseph W. Weiss
ISBN: 9781523091560

by Joseph W. Weiss

November 2021

Intermediate to advanced

648 pages

22h 50m

English

Berrett-Koehler Publishers

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Cover
Title Page
Copyright Page
Brief Contents
Contents
Preface
Acknowledgments
Case Authorship
Chapter 1. Business Ethics, the Changing Environment, and Stakeholder Management
1.1. Business Ethics and the Changing EnvironmentSeeing the “Big Picture”Point/CounterPointEnvironmental Forces and StakeholdersStakeholder Management Approach1.2. What Is Business Ethics? Why Does It Matter?What Is Ethics, and What Are the Areas of Ethical Theory?Unethical Business Practices and EmployeesWhy Does Ethics Matter in Business?Working for the Best Companies1.3. Levels of Business EthicsPoint/CounterPointAsking Key QuestionsEthical Insight 1.11.4. Five Myths about Business EthicsMyth 1: Ethics Is a Personal, Individual Affair, Not a Public or Debatable MatterMyth 2: Business and Ethics Do Not MixMyth 3: Ethics in Business Is RelativeMyth 4: Good Business Means Good EthicsMyth 5: Information and Computing Are Amoral1.5. Why Use Ethical Reasoning in Business?1.6. Can Business Ethics Be Taught?1.7. Plan of the BookChapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCases1. Education Pushed to the Brink: How Covid-19 Is Redefining Recruitment and Admissions Decisions2. Classic Ponzi Scheme: Bernard L. Madoff Investment Securities LLC: Wall Street Trading Firm3. Cyberbullying: Who’s to Blame and What Can Be Done?Notes
Chapter 2. Ethical Principles, Quick Tests, and Decision-Making Guidelines
2.1. Ethical Reasoning and Moral Decision MakingThree Criteria in Ethical ReasoningMoral Responsibility Criteria2.2. Ethical Principles and Decision MakingEthical Insight 2.1Utilitarianism: A Consequentialist (Results-Based) ApproachUniversalism: A Deontological (Duty-Based) ApproachRights: A Moral and Legal (Entitlement-Based) ApproachJustice: Procedures, Compensation, and RetributionVirtue Ethics: Character-Based VirtuesThe Common GoodEthical Relativism: A Self-Interest ApproachImmoral, Amoral, and Moral ManagementPoint/CounterPoint2.3. Four Social Responsibility RolesPoint/CounterPoint2.4. Levels of Ethical Reasoning and Moral Decision MakingPersonal LevelOrganizational LevelIndustry LevelSocietal, International, and Global Levels2.5. Identifying and Addressing Ethical DilemmasEthical Insight 2.2Moral CreativityEthical Dilemma Problem Solving12 Questions to Get Started2.6. Individual Ethical Decision-Making StylesCommunicating and Negotiating across Ethical Styles2.7. Quick Ethical Tests2.8. Concluding CommentsBack to Louise Simms…Chapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCases4. Ford’s Pinto Fires: The Retrospective View of Ford’s Field Recall Coordinator5. Jerome Kerviel: Rogue Trader or Misguided Employee? What Really Happened at the Société Générale?6. Samuel Waksal at ImCloneNotes

Chapter 3. Stakeholder and Issues Management Approaches
3.1. Stakeholder Theory and the Stakeholder Management Approach DefinedStakeholdersStakes3.2. Why Use a Stakeholder Management Approach for Business Ethics?Stakeholder Theory: Criticisms and Responses3.3. How to Execute a Stakeholder AnalysisTaking a Third-Party Objective Observer PerspectiveRole of the CEO in Stakeholder AnalysisSummary of Stakeholder Analysis3.4. Negotiation Methods: Resolving Stakeholder DisputesStakeholder Dispute Resolution Methods3.5. Stakeholder Management Approach: Using Ethical Principles and Reasoning3.6. Moral Responsibilities of Cross-Functional Area ProfessionalsMarketing and Sales Professionals and Managers as StakeholdersR&D, Engineering Professionals, and Managers as StakeholdersAccounting and Finance Professionals and Managers as StakeholdersPublic Relations Managers as StakeholdersHuman Resources Managers as StakeholdersSummary of Managerial Moral Responsibilities3.7. Issues Management: Integrating a Stakeholder FrameworkWhat Is an Issue?Ethical Insight 3.1Other Types of IssuesStakeholder and Issues Management: “Connecting the Dots”Moral Dimensions of Stakeholder and Issues ManagementTypes of Issues Management Frameworks3.8. Managing CrisesEthical Insight 3.2How Executives Have Responded to CrisesCrisis Management RecommendationsChapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCases7. The BP Deepwater Horizon Explosion and Oil Spill: Crisis and Aftermath8. Ethics and AI (Artificial Intelligence): Opportunities and Threats9. Genetic DiscriminationNotes
Chapter 4. The Corporation and External Stakeholders: Corporate Governance: From the Boardroom to the Marketplace
4.1. Managing Corporate Social Responsibility in the MarketplaceEthical Insight 4.1Free-Market Theory and Corporate Social ResponsibilityProblems with the Free-Market TheoryIntermediaries: Bridging the Disclosure GapPoint/CounterPointEthical Insight 4.24.2. Managing Corporate Responsibility with External StakeholdersThe Corporation as Social and Economic StakeholderThe Social Contract: Dead or Desperately Needed?Balance between Ethical Motivation and ComplianceCovenantal EthicThe Moral Basis and Social Power of Corporations as StakeholdersCorporate PhilanthropyManaging Stakeholders Profitably and Responsibly: Reputation CountsEthical Insight 4.34.3. Managing and Balancing Corporate Governance, Compliance, and RegulationEthical Insight 4.4Best Corporate Board Governance PracticesSarbanes-Oxley ActPros and Cons of Implementing the Sarbanes-Oxley ActThe Federal Sentencing Guidelines for Organizations: Compliance Incentive4.4. The Role of Law and Regulatory Agencies and Corporate ComplianceWhy Regulation?Laws and U.S. Regulatory AgenciesLaws Protecting ConsumersLaws Protecting the Environment4.5. Managing External Issues and Crises: Lessons from the Past (Back to the Future?)Chapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCases10. Conscious Capitalism: What Is It? Why Do We Need It? Does It Work?11. Uber and the Ride-Sharing Economy12. The Crisis at Wells Fargo Bank: Then and NowNotes
Chapter 5. Corporate Responsibilities, Consumer Stakeholders, and the Environment
5.1. Corporate Responsibility toward Consumer StakeholdersCorporate Responsibilities and Consumer RightsConsumer Protection Agencies and Law5.2. Corporate Responsibility in AdvertisingEthics and AdvertisingThe Federal Trade Commission and AdvertisingPros and Cons of AdvertisingEthical Insight 5.1Point/CounterPointAdvertising and Free SpeechPaternalism, Manipulation, or Free Choice?5.3. Controversial Issues in Advertising: The Internet, Children, Tobacco, and AlcoholAdvertising and the InternetThe Thin Line between Deceptive Advertising, Spyware, and SpamAdvertising to ChildrenProtecting ChildrenTobacco AdvertisingThe Tobacco Controversy ContinuesAlcohol AdvertisingEthical Insight 5.25.4. Managing Product Safety and Liability ResponsiblyHow Safe Is Safe? The Ethics of Product SafetyProduct Liability DoctrinesLegal and Moral Limits of Product LiabilityProduct Safety and the Road Ahead5.5. Corporate Responsibility and the EnvironmentThe Most Significant Environmental ProblemsCauses of Environmental PollutionEnforcement of Environmental LawsThe Ethics of EcologyGreen Marketing, Environmental Justice, and Industrial EcologyRights of Future Generations and Right to a Livable EnvironmentRecommendations to ManagersChapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCases13. For-Profit Universities: Opportunities, Issues, and Promises14. Fracking: Drilling for Disaster?15. Neuromarketing16. Opioid Crisis in AmericaNotes
Chapter 6. The Corporation and Internal Stakeholders: Values-Based Moral Leadership, Culture, Strategy, and Self-Regulation
6.1. Leadership and Stakeholder ManagementDefining Purpose, Mission, and ValuesEthical Insight 6.1Leadership Stakeholder CompetenciesExample of Companies Using Stakeholder Relationship ManagementEthical Insight 6.2Spiritual Values, Practices, and Moral Courage in LeadingFailure of Ethical LeadershipEthical Dimensions of Leadership StylesHow Should CEOs as Leaders Be Evaluated and Rewarded?6.2. Organizational Culture, Compliance, and Stakeholder ManagementOrganizational Culture DefinedHigh-Ethics CompaniesWeak CulturesPoint/CounterPoint6.3. Leading and Managing Strategy and StructureOrganizational Structure and EthicsBoundaryless and Networked Organizations6.4. Leading Internal Stakeholder Values in the Organization6.5. Corporate Self-Regulation and Ethics Programs: Challenges and IssuesEthical Insight 6.3Organizations and Leaders as Moral AgentsEthics CodesCodes of ConductProblems with Ethics and Conduct CodesOmbuds and Peer-Review ProgramsIs the Organization Ready to Implement a Values-Based Stakeholder Approach? A Readiness ChecklistChapter SummaryQuestionsExercisesReal-Time Ethical DilemmasCases17. Corporate Responsibility in the Age of Big Data: Facebook’s Obligations to Protect Consumers18. Boeing: The 737 “MAX-imum” MistakeNotes
Chapter 7. Employee Stakeholders and the Corporation
7.1. Employee Stakeholders in the Changing WorkforcePoint/CounterPointThe Aging WorkforceGenerational Differences in the WorkplaceSteps for Integrating a Multigenerational WorkforceEthical Insight 7.1Women in the WorkforceSame-Sex Marriages, Civil Unions, Domestic Partnerships, and Workforce RightsThe Increasing Cultural Mix: Minorities Are Becoming the MajorityEducational Weaknesses and GapsPoint/CounterPointMainstreaming Disabled WorkersBalancing Work and Life in Families7.2. The Changing Social Contract between Corporations and EmployeesGood Faith Principle ExceptionPublic Policy Principle ExceptionImplied Contract Exception7.3. Employee and Employer Rights and ResponsibilitiesMoral Foundation of Employee RightsThe Principle of Balance in the Employee and Employer Social Contract and the Reality of Competitive ChangeRights from Government LegislationEmployer Responsibilities to EmployeesEmployee Rights and Responsibilities to EmployersEmployee Rights in the WorkplaceOther Employee Rights and Obligations to EmployersEthical Insight 7.27.4. Discrimination, Equal Employment Opportunity, and Affirmative ActionDiscriminationEqual Employment Opportunity and the Civil Rights ActAge and Discrimination in the WorkplaceComparable Worth and Equal PayAffirmative ActionEthics and Affirmative ActionReverse Discrimination: Arguments against Affirmative ActionEthical Insight 7.37.5. Sexual Harassment in the WorkplaceWhat Is Sexual Harassment?Point/CounterPointWho Is Liable?Tangible Employment Action and Vicarious LiabilitySexual Harassment and Foreign Firms in the United States7.6. Whistle-Blowing versus Organizational LoyaltyWhen Whistle-Blowers Should Not Be ProtectedFactors to Consider before Blowing the WhistleManagerial Steps to Prevent External Whistle-BlowingChapter SummaryQuestionsExercisesReal-Time Ethical DilemmaCase19. Women on Wall Street: Fighting for Equality in a Male-Dominated IndustryNotes
Chapter 8. Business Ethics and Stakeholder Management in the Global Environment
8.1. The Connected Global Economy and GlobalizationEthical Insight 8.1Globalization and the Forces of ChangePoint/CounterPoint8.2. Managing and Working in a Different Global World: Professional and Ethical CompetenciesShared Leadership in Teams’ CompetencyEthical Insight 8.2Global Ethical Values and PrinciplesKnow Your Own Cultural and Core Values, Your Organization’s, and Those with Whom You Are WorkingCross-Cultural Business Ethical Issues Professionals May Experience8.3. Societal Issues and Globalization: The Dark SideInternational Crime and CorruptionEconomic Poverty and Child Slave LaborThe Global Digital DivideWesternization (Americanization) of CulturesLoss of Nation-State Sovereignty8.4. Multinational Enterprises as StakeholdersPower of MNEs8.5. Triple Bottom Line, Social Entrepreneurship, and MicrofinancingThe Triple Bottom LineSocial Entrepreneurs and Social EnterprisesMicrofinancing8.6. MNEs: Stakeholder Values, Guidelines, and Codes for Managing EthicallyEmployment Practices and PoliciesConsumer ProtectionEnvironmental ProtectionPolitical Payments and InvolvementBasic Human Rights and Fundamental Freedoms8.7. Cross-Cultural Ethical Decision Making and Negotiation MethodsExternal Corporate Monitoring GroupsIndividual Stakeholder Methods for Ethical Decision MakingFour Typical Styles of International Ethical Decision MakingHypernorms, Local Norms, and Creative Ethical NavigationChapter SummaryQuestionsExercisesReal-Time Ethical DilemmasCases20. Plastic in the Ocean: An International Climate Change Problem21. Sweatshops: Not Only a Global Issue22. The U.S. Industrial Food SystemNotes
Index
About the Author

Content preview from Business Ethics, Seventh Edition, 7th Edition

Acknowledgments

This book continues the practice that has endured over the last several years that I have been teaching business ethics to undergraduates, MBA students, and executives. My consulting work also informs this edition in numerous ways. I would like to thank all my students for their questions, challenges, and class contributions, which have stimulated the research and presentations in this text. I also thank all the professional staff at Berrett-Koehler, especially Edward Wade and Neal Maillet, who helped make this edition possible; and the faculty and staff at Bentley University, who contributed resources and motivation for this ...

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Business Ethics, Seventh Edition, 7th Edition

by Joseph W. Weiss

Acknowledgments

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