Ethical Issues in Business

Ethical Issues in Business : A Philosophical Approach

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For undergraduate/graduate-level courses in Business Ethics, Business and Society, and Ethical and Legal Environment of Business.

Widely used text on business ethics; begins with intro to moral reasoning and includes collection of readings and cases which apply ethical theory to real contemporary managerial situations-including issues facing managers in the next century.
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Product details

  • Paperback | 623 pages
  • 152 x 228 x 30mm | 798.32g
  • Pearson
  • United States
  • English
  • 7th edition
  • illustrations, maps
  • 0130923877
  • 9780130923875

Table of contents

Introduction to Ethical Reasoning.

Business Ethics: The Controversy.
Virtues and the Virtuous Manager:

CASE STUDY: "H.B. Fuller in Honduras," by Norman Bowie and Stefanie Lenway. "The Social Responsibility of Business is to Increase Profits," by Milton Friedman. "Stakeholder Theory of the Modern Corporation," R. Edward Freeman. "Business Ethics and Stakeholder Analysis," Kenneth Goodpaster.

Ethical Reasoning in Practice.

"A Kantian Approach to Business Ethics," Norman Bowie. " Corporate Roles, Personal Virtues: An Aristotelian Approach to Business Ethics," Robert Solomon. "The Very Idea of a Conceptual Scheme," Patricia Werhane.

Truth Telling.

CASE STUDY: "Italian Tax Mores," Arthur L. Kelly. Ethical Duties Towards Others: "Truthfulness," Immanuel Kant. "Is Business Bluffing Ethical?" Albert Carr. "The Business of Ethics," Norman C. Gillespie.

"Trust, Morality and International Business," George C. Brenkert.


Traditional Theories of Property and Profit.

CASE STUDY: "Plasma International," T.W. Zimmerer and P.L. Preston. CASE STUDY: "Dorrence Corporation Trade-Offs," Wolf. "The Justification of Private Property," John Locke. "Benefits of the Profit Motive," Adam Smith. "Alienated Labour," Karl Marx. "Wealth," Andrew Carnegie.

The Impact of Technology on Traditional Views of Property.

CASE STUDY: "McMadness' Hong Kong Style," Farhoomand, Clark and Lovelock. "The Judgment of Thamus," Postman. "Needed: A New System of Intellectual Property Rights," Thurow.


CASE STUDY: "The Oil Rig," Joanne Ciculla. "Distributive Justice," John Rawls. "The Entitlement Theory," Robert Nozick. "Complex Equality," Michael Walzer.


The Role of Organizational Values.

CASE STUDY: "Merck & Co., Inc.," The Business Enterprise Trust. "Does Business Ethics Make Common Sense?" Amartya Sen. "Can Socially Responsible Firms Survive in a Competitive Environment?" Robert Frank. "The Parable of the Sadhu," Bowen McCoy.

Values and the Virtuous Manager.

CASE STUDY: "Run, Inc.," AICPA. "Moral Mazes: Bureaucracy and the Managerial Work," Robert Jackall. "The Moral Muteness of Managers," Bird and Waters. "The `New' U.S. Sentencing Guidelines: A Wake-Up Call for Corporate America," Dalton, Metzger and Hill.

Employee Rights and Responsibilities.

CASE STUDY: "The Aircraft Brake Scandal," Kermit Vandivier. "Whistleblowing and Professional Responsibilities," Sissela Bok. "Employment at Will, Employee Rights, and Future Directions for Employment," Radin and Werhane. "In Defense of the Contract at Will," Richard A. Epstein. "Employability Security," Rosabeth Moss Kanter.


CASE STUDY: "The Case of the Unequal Opportunity," Mary C. Gentile. "Management Women and the New Facts of Life," Felice N. Schwartz. "White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women's Studies," Peggy McIntosh.


Ethical Relativism.

CASE STUDY: "What Price Safety?" CASE STUDY: "W.R. Grace and the Neemix Patent" (A), Severance, Shapiro and Werhane. "The Challenge of Cultural Relativism," James Rachels. "A Social Contracts Approach to Business Ethics," Donaldson and Dunfee. "The United Nations Declaration of Human Rights."

Business Values Away from Home.

CASE STUDY: "Just When Is a `Tip' ONLY Another Means to Ensure Promptness?" CASE STUDY: "Levi Strauss & Co.: Global Sourcing," Paine and Katz. "International Business Ethics and Incipient Capitalism: A Double Standard?" Richard DeGeorge. "Values in Tension: Ethics away from Home," Thomas Donaldson.



CASE STUDY: "Fingerhut's Price Strategy," Fennel, Kalsow, and West. CASE STUDY: "Kate: Dot-Com CEO." "Persuasive Advertising, Autonomy and the Creation of Desire," Roger Crisp. "Ethical Myopia: The Case of `Framing' by Framing," Singer, Lysonski, Singer and Hayes.

The Environment.

CASE STUDY: "Shell and Nigerian Oil," Newburry and Gladwin. "Scarcity or Abundance?" Julian Simon. "The Natural Step," Wendy Warren and Andrea Larsen. "Cost-Benefit Analysis: An Ethical Critique," Steven Kelman.


CASE STUDY: "Sears Auto Centers," Lynn Sharp Paine and Michael Santoro. "Citigroup's John Reed and Stanford's James March on Management Research and Practice," ed., Ann Sigismund Huff. "Managing for Organizational Integrity," Lynn S. Paine. "The Leader's New Work: Building Learning Organizations," Peter M. Senge.

Biographical Information.
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Review quote

"Frankly, I have not considered other alternatives to Ethical Issues in Business since I am so sold on Donaldson and Werhane's text. I have consistently required it as the primary textbook in my Business Ethics course ....a pioneer and praiseworthy textbook." - Benjamin A. Petty, Southern Methodist University
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About Margaret Cording

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
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Rating details

52 ratings
3.46 out of 5 stars
5 17% (9)
4 29% (15)
3 38% (20)
2 13% (7)
1 2% (1)
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