Ethics and Business
An Integrated Approach for Business and Personal Success, International Adaptation
1. Auflage Dezember 2022
304 Seiten, Softcover
Wiley & Sons Ltd
ISBN:
978-1-119-88921-2
John Wiley & Sons
Weitere Versionen
Ethics & Business: An Integrated Approach for Business and Personal Success, 1st Edition, International Adaptation gives students the practical knowledge and skills to identify ethical dilemmas, understand ethical behavior in themselves and others, and advocate for ethical behavior within their organization. The course focuses on three ethical questions: the individual, the organization, and the societal perspective. These questions and views explore different areas of business ethics, such as the use and abuse of power, challenges to honesty and integrity, and participation in ethical interventions such as reporting, repair, forgiveness, and reconciliation.
Most business ethics courses are based on a single point of view. Depending on the viewpoint, this might be based on philosophical theory, organizational behavior, or a legal and regulatory compliance approach. As an author team, we combine and integrate these points of view into a unified whole by incorporating unique content, original videos, and adaptable case studies to assist students in making ethical decisions in their professional and personal lives.
This International Adaptation explores different areas of business ethics, such as the use and abuse of power, challenges to honesty and integrity, and participation in ethical interventions such as reporting, repair, forgiveness, and reconciliation. Every chapter now includes new questions to help readers test their understanding of the subject. There is also new mini cases that are contemporary and more relevant to the global scenario.
1 Introduction: Why Study Business Ethics?
Introduction
Ethics and Business Ethics
Ethics
Business Ethics
The Dimensions of Ethical Choice
The Moral Aspect of Ethical Decision Making
Moral Agency and Choice
Business Agency and Fiduciary Responsibilities
Ethical Challenges in Business
How to Develop Ethical Managers
Ethical Temptations
Ethical Dilemmas
How to Solve Ethical Dilemmas
Why are Ethics Important in Business?
The Need for an Integrated Approach
Two Perspectives on Ethics in Business
Employing an Integrated Approach
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: How much cheating is wrong?
Case 2: Privacy in the digital age
Case 3: Satyam: The greed of one person
References
2 Theories of Morality and Business Ethics
Introduction
Human Nature and the Problem of Evil
Moral Development Process
Moral Action and Moral Outcomes
Religious Teachings of Moral Actions and Outcomes
Philosophical Perspectives of Moral Action and Outcomes
Scientific Perspectives of Moral Action and Outcomes
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Heinz and the druggist: A woman was near death from cancer
Case 3
References
3 Living a Great Life: PERMA, Mission Statements, and Ethical Decision Making
Introduction
Hedonia, Eudaimonia, Flourishing, and a PERMA Life
Hedonism
Eudemonia and PERMA
Sources of Unethical Behavior
Types of Unethical Behavior
Rational Choice Theory
Leading by Values: A Tool for Organizational Leaders
Mission Statements
The Elements of a Mission Statement
The Purpose of a Mission Statement
Developing a Mission Statement
Decision-Making and Ethics: Eight Questions That Combine Business and Ethics
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Does Google have a racially biased corporate culture?
References
4 Corporate Organization and the Role of Stakeholders
Introduction
Shareholders Versus Stakeholders: For Whom Do Managers Manage?
The Shareholder Model
The Stakeholder Model
Stakeholder Characteristics and Importance
Alternative Organizational Forms to Improve Stakeholder Management
Low-Profit Limited Liability Company (L3C)
Benefit Corporations
Philanthropic Enterprises
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Distributing corporate profits
Case 2: Surviving during the coronavirus pandemic
Case 3
References
5 Ethics and Compliance in the Corporation
Introduction
The Evolution of Compliance
The Twentieth Century
The Twenty-First Century
The Federal Sentencing Guidelines for Organizations
The Rationale for the FSGO
The FSGO Framework for Compliance
Effective Compliance Programs:
Processes and Responsibilities
Codes of Conduct
The Structure of Ethics and Compliance Department
Formal Structure
Informal Structure
The Characteristics of Responsible Employees
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Zomato's 10 minutes delivery promise
References
6 Culture Matters
Introduction
Corporate Culture and Ethics
The Role of Culture in Ethics
The Consequences of an Unethical Culture
Using Culture to Enhance Ethics
The 7S Model and Organizational Culture
Using the 7S Model to Create an Ethical Culture
Building an Ethical Culture: Symbolic and Substantive Actions
Symbolic Actions
Substantive Actions
Tone at the Top and Ethical Leadership
Tone at the Top
Ethical Leadership
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Jared Berger and the "Canary in the Coal Mine"
Case 2: Incentives
Case 3
References
7 Ethics in a Global Society and Economy
Differences in Global Ethical Norms
Thick and Thin Ethical Principles
Moral Relativism and Moral Imperialism
Understanding Global Ethics: The CAGE Framework
Cultural Influences
Administrative Differences
Geographic Influences
Economic Factors
Ethical Challenges Along the Value Chain
Ethical Leadership in a Global Setting
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Is global pay equity a virtue or a vice?
Case 2: Challenges in the supply chain
Case 3
References
8 Power and Its Uses
Power and Bullying
Bases of Power
Bullying
Harassment
Sexual Harassment
Preventing and Controlling Abuses of Power: Informal and Formal Methods
Informal Mechanisms
Formal Mechanisms
Acquiring and Using Power Appropriately
Acquiring Power
Using Power Wisely
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Is global pay equity a virtue or a vice?
Case 2
References
9 Conflicts of Interest
Conflicts of Interest
How Conflicts of Interest Arise
Transactions in Which an Employee Represents the Company and Could Benefit Personally
Situations Leading to Divided Loyalties or Presenting the Appearance of a Conflict
Special Conflicts of Executives, Officers, and Directors
Mitigating Conflicts of Interest
Resolving Conflicts of Interest as Individuals
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Playing favorites among employees
Case 2: A questionable recommendation
Case 3
References
10 Bribery and Corruption
Bribery, Graft, and Corruption
Social Norms, Bribes, and Gift Giving
Tips, Gifts, and Bribes
Social and Business Conditions Ripe for Bribery
Legal Frameworks for Bribery and Gift Giving
The United States--The Foreign Corrupt Practices Act
Bribery Laws in Other Countries
Tools for Individuals
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Gift giving and cross-cultural ethics
Case 2: Too good to be true
Case 3
References
11 Integrity and Mercy
Introduction
Integrity and Mercy: Key Definitions
Integrity: The Ethical Challenges
Integrity as Honesty
Integrity as Promise-Keeping and Loyalty
Mercy and Forgiveness: The Ethical Challenges
Mercy as Forbearance
Mercy as Forgiveness
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: A question of integrity
Case 2: Justice and mercy
Case 3
References
12 Corporate Social Responsibility and Social Entrepreneurship
Corporate Social Responsibility (CSR)
CSR and the Activities of a Firm
CSR Reporting
CSR and Business Performance
Social Entrepreneurship and Innovation
Types of Social Entrepreneurship
Skills of Social Entrepreneurs
Challenges for Social Entrepreneurs
CSR and a PERMA Life
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Deciding among CSR options
Case 2
References
13 Ethics and Technology: Issues for the Twenty-First Century
Introduction
The Industrial Revolution
Technology, Organizations, and Society: The Positives
Economic Benefits
Social Benefits
Technology, Organizations, and Society: The Negatives
Unreliable Information
Inequality and the Digital Divide
Technology and Individuals: The Positives
Personal Efficiency and High-Value Activities
Fulfilling Relationships
Technology and Individuals: The Negatives
Anomie and Atomization
Addiction
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: The future with artificial intelligence
Case 2: Project Blackbird
Case 3
References
14 Ethics and a Market Economy
Introduction
Ethical Behavior Helps Reduce Transaction Costs
Ethics and the Economic Value of Trust
Ethics and Strong Business Communities
Market Economies: The Ethics of Personal Development
Market Economies, Innovation, and Ethical Benefits
Market Economies, Inequalities, and Ethical Harms
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Executive compensation
Case 2: The distribution of global wealth
Case 3
References
Cases
CASE 1 Introduction--The Overwhelmed Ethics Student (A)
CASE 2 Ethical Theories--Rose Martinez and TriHydraChlorafine
CASE 3 Living an Ethical Life--Peter Olson
CASE 4 The Corporation and its Stakeholders--Ecolab and the 2030 Sustainability Goals
CASE 5 Ethics and Compliance in Corporations--Valeant Pharmaceuticals
CASE 6 Culture and Ethical Leadership--Mary Barra at General Motors
CASE 7 Global Ethics--Ethical Challenges for Apple in China
CASE 8 Power, its Use and Abuse--The Wrong Hallway
CASE 9 Conflicts of Interest--Challenges Within the World of Investing
CASE 10 Goldman Sachs and 1MDB--Rogue Employee or Failed Oversight?
CASE 11 Integrity and Mercy--A Question of Loyalty
CASE 12 Corporate Social Responsibility--CSR at Microsoft
CASE 13 Ethics and Technology--Facebook's Oversight Board and its Effect in 2021
CASE 14 Ethics and Capitalism--The Other Side Academy
Name Index
Company Index
Subject Index
Introduction
Ethics and Business Ethics
Ethics
Business Ethics
The Dimensions of Ethical Choice
The Moral Aspect of Ethical Decision Making
Moral Agency and Choice
Business Agency and Fiduciary Responsibilities
Ethical Challenges in Business
How to Develop Ethical Managers
Ethical Temptations
Ethical Dilemmas
How to Solve Ethical Dilemmas
Why are Ethics Important in Business?
The Need for an Integrated Approach
Two Perspectives on Ethics in Business
Employing an Integrated Approach
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: How much cheating is wrong?
Case 2: Privacy in the digital age
Case 3: Satyam: The greed of one person
References
2 Theories of Morality and Business Ethics
Introduction
Human Nature and the Problem of Evil
Moral Development Process
Moral Action and Moral Outcomes
Religious Teachings of Moral Actions and Outcomes
Philosophical Perspectives of Moral Action and Outcomes
Scientific Perspectives of Moral Action and Outcomes
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Heinz and the druggist: A woman was near death from cancer
Case 3
References
3 Living a Great Life: PERMA, Mission Statements, and Ethical Decision Making
Introduction
Hedonia, Eudaimonia, Flourishing, and a PERMA Life
Hedonism
Eudemonia and PERMA
Sources of Unethical Behavior
Types of Unethical Behavior
Rational Choice Theory
Leading by Values: A Tool for Organizational Leaders
Mission Statements
The Elements of a Mission Statement
The Purpose of a Mission Statement
Developing a Mission Statement
Decision-Making and Ethics: Eight Questions That Combine Business and Ethics
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Does Google have a racially biased corporate culture?
References
4 Corporate Organization and the Role of Stakeholders
Introduction
Shareholders Versus Stakeholders: For Whom Do Managers Manage?
The Shareholder Model
The Stakeholder Model
Stakeholder Characteristics and Importance
Alternative Organizational Forms to Improve Stakeholder Management
Low-Profit Limited Liability Company (L3C)
Benefit Corporations
Philanthropic Enterprises
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Distributing corporate profits
Case 2: Surviving during the coronavirus pandemic
Case 3
References
5 Ethics and Compliance in the Corporation
Introduction
The Evolution of Compliance
The Twentieth Century
The Twenty-First Century
The Federal Sentencing Guidelines for Organizations
The Rationale for the FSGO
The FSGO Framework for Compliance
Effective Compliance Programs:
Processes and Responsibilities
Codes of Conduct
The Structure of Ethics and Compliance Department
Formal Structure
Informal Structure
The Characteristics of Responsible Employees
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1
Case 2: Zomato's 10 minutes delivery promise
References
6 Culture Matters
Introduction
Corporate Culture and Ethics
The Role of Culture in Ethics
The Consequences of an Unethical Culture
Using Culture to Enhance Ethics
The 7S Model and Organizational Culture
Using the 7S Model to Create an Ethical Culture
Building an Ethical Culture: Symbolic and Substantive Actions
Symbolic Actions
Substantive Actions
Tone at the Top and Ethical Leadership
Tone at the Top
Ethical Leadership
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Jared Berger and the "Canary in the Coal Mine"
Case 2: Incentives
Case 3
References
7 Ethics in a Global Society and Economy
Differences in Global Ethical Norms
Thick and Thin Ethical Principles
Moral Relativism and Moral Imperialism
Understanding Global Ethics: The CAGE Framework
Cultural Influences
Administrative Differences
Geographic Influences
Economic Factors
Ethical Challenges Along the Value Chain
Ethical Leadership in a Global Setting
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Is global pay equity a virtue or a vice?
Case 2: Challenges in the supply chain
Case 3
References
8 Power and Its Uses
Power and Bullying
Bases of Power
Bullying
Harassment
Sexual Harassment
Preventing and Controlling Abuses of Power: Informal and Formal Methods
Informal Mechanisms
Formal Mechanisms
Acquiring and Using Power Appropriately
Acquiring Power
Using Power Wisely
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Is global pay equity a virtue or a vice?
Case 2
References
9 Conflicts of Interest
Conflicts of Interest
How Conflicts of Interest Arise
Transactions in Which an Employee Represents the Company and Could Benefit Personally
Situations Leading to Divided Loyalties or Presenting the Appearance of a Conflict
Special Conflicts of Executives, Officers, and Directors
Mitigating Conflicts of Interest
Resolving Conflicts of Interest as Individuals
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Playing favorites among employees
Case 2: A questionable recommendation
Case 3
References
10 Bribery and Corruption
Bribery, Graft, and Corruption
Social Norms, Bribes, and Gift Giving
Tips, Gifts, and Bribes
Social and Business Conditions Ripe for Bribery
Legal Frameworks for Bribery and Gift Giving
The United States--The Foreign Corrupt Practices Act
Bribery Laws in Other Countries
Tools for Individuals
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Gift giving and cross-cultural ethics
Case 2: Too good to be true
Case 3
References
11 Integrity and Mercy
Introduction
Integrity and Mercy: Key Definitions
Integrity: The Ethical Challenges
Integrity as Honesty
Integrity as Promise-Keeping and Loyalty
Mercy and Forgiveness: The Ethical Challenges
Mercy as Forbearance
Mercy as Forgiveness
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: A question of integrity
Case 2: Justice and mercy
Case 3
References
12 Corporate Social Responsibility and Social Entrepreneurship
Corporate Social Responsibility (CSR)
CSR and the Activities of a Firm
CSR Reporting
CSR and Business Performance
Social Entrepreneurship and Innovation
Types of Social Entrepreneurship
Skills of Social Entrepreneurs
Challenges for Social Entrepreneurs
CSR and a PERMA Life
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Deciding among CSR options
Case 2
References
13 Ethics and Technology: Issues for the Twenty-First Century
Introduction
The Industrial Revolution
Technology, Organizations, and Society: The Positives
Economic Benefits
Social Benefits
Technology, Organizations, and Society: The Negatives
Unreliable Information
Inequality and the Digital Divide
Technology and Individuals: The Positives
Personal Efficiency and High-Value Activities
Fulfilling Relationships
Technology and Individuals: The Negatives
Anomie and Atomization
Addiction
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: The future with artificial intelligence
Case 2: Project Blackbird
Case 3
References
14 Ethics and a Market Economy
Introduction
Ethical Behavior Helps Reduce Transaction Costs
Ethics and the Economic Value of Trust
Ethics and Strong Business Communities
Market Economies: The Ethics of Personal Development
Market Economies, Innovation, and Ethical Benefits
Market Economies, Inequalities, and Ethical Harms
Key Terms
Chapter Summary
Chapter Review Questions
Application Exercises
Mini-Cases
Case 1: Executive compensation
Case 2: The distribution of global wealth
Case 3
References
Cases
CASE 1 Introduction--The Overwhelmed Ethics Student (A)
CASE 2 Ethical Theories--Rose Martinez and TriHydraChlorafine
CASE 3 Living an Ethical Life--Peter Olson
CASE 4 The Corporation and its Stakeholders--Ecolab and the 2030 Sustainability Goals
CASE 5 Ethics and Compliance in Corporations--Valeant Pharmaceuticals
CASE 6 Culture and Ethical Leadership--Mary Barra at General Motors
CASE 7 Global Ethics--Ethical Challenges for Apple in China
CASE 8 Power, its Use and Abuse--The Wrong Hallway
CASE 9 Conflicts of Interest--Challenges Within the World of Investing
CASE 10 Goldman Sachs and 1MDB--Rogue Employee or Failed Oversight?
CASE 11 Integrity and Mercy--A Question of Loyalty
CASE 12 Corporate Social Responsibility--CSR at Microsoft
CASE 13 Ethics and Technology--Facebook's Oversight Board and its Effect in 2021
CASE 14 Ethics and Capitalism--The Other Side Academy
Name Index
Company Index
Subject Index
