Book description
The seventh edition of this pragmatic guide to determining right and wrong in the workplace is updated with new case studies, exercises, and ancillary materials.Joseph Weiss's Business Ethics is a pragmatic, hands-on guide for determining right and wrong in the business world. To be socially responsible and ethical, Weiss maintains, businesses must acknowledge the impact their decisions can have on the world beyond their walls. An advantage of the book is the integration of a stakeholder perspective with an issues and crisis management approach so students can look at how a business's actions affect not just share price and profit but the well-being of employees, customers, suppliers, the local community, the larger society, other nations, and the environment.
Weiss includes twenty-three cases that immerse students directly in contemporary ethical dilemmas. Eight new cases in this edition include Facebook's (mis)use of customer data, the impact of COVID-19 on higher education, the opioid epidemic, the rise of Uber, the rapid growth of AI, safety concerns over the Boeing 737, the Wells Fargo false saving accounts scandal, and plastics being dumped into the ocean.
Several chapters feature a unique point/counterpoint exercise that challenges students to argue both sides of a heated ethical issue. This edition has eleven new point/counterpoint exercises, addressing questions like, Should tech giants be broken apart? What is the line between free speech and dangerous disinformation? Has the Me Too movement gone too far? As with previous editions, the seventh edition features a complete set of ancillary materials for instructors: teaching guides, test banks, and PowerPoint presentations.
Table of contents
- 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 Environment
- 1.2. What Is Business Ethics? Why Does It Matter?
- 1.3. Levels of Business Ethics
- 1.4. Five Myths about Business Ethics
- 1.5. Why Use Ethical Reasoning in Business?
- 1.6. Can Business Ethics Be Taught?
- 1.7. Plan of the Book
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Cases
- Notes
-
Chapter 2. Ethical Principles, Quick Tests, and Decision-Making Guidelines
- 2.1. Ethical Reasoning and Moral Decision Making
-
2.2. Ethical Principles and Decision Making
- Ethical Insight 2.1
- Utilitarianism: A Consequentialist (Results-Based) Approach
- Universalism: A Deontological (Duty-Based) Approach
- Rights: A Moral and Legal (Entitlement-Based) Approach
- Justice: Procedures, Compensation, and Retribution
- Virtue Ethics: Character-Based Virtues
- The Common Good
- Ethical Relativism: A Self-Interest Approach
- Immoral, Amoral, and Moral Management
- Point/CounterPoint
- 2.3. Four Social Responsibility Roles
- 2.4. Levels of Ethical Reasoning and Moral Decision Making
- 2.5. Identifying and Addressing Ethical Dilemmas
- 2.6. Individual Ethical Decision-Making Styles
- 2.7. Quick Ethical Tests
- 2.8. Concluding Comments
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Cases
- Notes
-
Chapter 3. Stakeholder and Issues Management Approaches
- 3.1. Stakeholder Theory and the Stakeholder Management Approach Defined
- 3.2. Why Use a Stakeholder Management Approach for Business Ethics?
- 3.3. How to Execute a Stakeholder Analysis
- 3.4. Negotiation Methods: Resolving Stakeholder Disputes
- 3.5. Stakeholder Management Approach: Using Ethical Principles and Reasoning
-
3.6. Moral Responsibilities of Cross-Functional Area Professionals
- Marketing and Sales Professionals and Managers as Stakeholders
- R&D, Engineering Professionals, and Managers as Stakeholders
- Accounting and Finance Professionals and Managers as Stakeholders
- Public Relations Managers as Stakeholders
- Human Resources Managers as Stakeholders
- Summary of Managerial Moral Responsibilities
- 3.7. Issues Management: Integrating a Stakeholder Framework
- 3.8. Managing Crises
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Cases
- 7. The BP Deepwater Horizon Explosion and Oil Spill: Crisis and Aftermath
- 8. Ethics and AI (Artificial Intelligence): Opportunities and Threats
- 9. Genetic Discrimination
- Notes
-
Chapter 4. The Corporation and External Stakeholders: Corporate Governance: From the Boardroom to the Marketplace
- 4.1. Managing Corporate Social Responsibility in the Marketplace
-
4.2. Managing Corporate Responsibility with External Stakeholders
- The Corporation as Social and Economic Stakeholder
- The Social Contract: Dead or Desperately Needed?
- Balance between Ethical Motivation and Compliance
- Covenantal Ethic
- The Moral Basis and Social Power of Corporations as Stakeholders
- Corporate Philanthropy
- Managing Stakeholders Profitably and Responsibly: Reputation Counts
- Ethical Insight 4.3
- 4.3. Managing and Balancing Corporate Governance, Compliance, and Regulation
- 4.4. The Role of Law and Regulatory Agencies and Corporate Compliance
- 4.5. Managing External Issues and Crises: Lessons from the Past (Back to the Future?)
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Cases
- Notes
-
Chapter 5. Corporate Responsibilities, Consumer Stakeholders, and the Environment
- 5.1. Corporate Responsibility toward Consumer Stakeholders
- 5.2. Corporate Responsibility in Advertising
- 5.3. Controversial Issues in Advertising: The Internet, Children, Tobacco, and Alcohol
- 5.4. Managing Product Safety and Liability Responsibly
- 5.5. Corporate Responsibility and the Environment
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Cases
- Notes
-
Chapter 6. The Corporation and Internal Stakeholders: Values-Based Moral Leadership, Culture, Strategy, and Self-Regulation
-
6.1. Leadership and Stakeholder Management
- Defining Purpose, Mission, and Values
- Ethical Insight 6.1
- Leadership Stakeholder Competencies
- Example of Companies Using Stakeholder Relationship Management
- Ethical Insight 6.2
- Spiritual Values, Practices, and Moral Courage in Leading
- Failure of Ethical Leadership
- Ethical Dimensions of Leadership Styles
- How Should CEOs as Leaders Be Evaluated and Rewarded?
- 6.2. Organizational Culture, Compliance, and Stakeholder Management
- 6.3. Leading and Managing Strategy and Structure
- 6.4. Leading Internal Stakeholder Values in the Organization
- 6.5. Corporate Self-Regulation and Ethics Programs: Challenges and Issues
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemmas
- Cases
- Notes
-
6.1. Leadership and Stakeholder Management
-
Chapter 7. Employee Stakeholders and the Corporation
-
7.1. Employee Stakeholders in the Changing Workforce
- Point/CounterPoint
- The Aging Workforce
- Generational Differences in the Workplace
- Steps for Integrating a Multigenerational Workforce
- Ethical Insight 7.1
- Women in the Workforce
- Same-Sex Marriages, Civil Unions, Domestic Partnerships, and Workforce Rights
- The Increasing Cultural Mix: Minorities Are Becoming the Majority
- Educational Weaknesses and Gaps
- Point/CounterPoint
- Mainstreaming Disabled Workers
- Balancing Work and Life in Families
- 7.2. The Changing Social Contract between Corporations and Employees
-
7.3. Employee and Employer Rights and Responsibilities
- Moral Foundation of Employee Rights
- The Principle of Balance in the Employee and Employer Social Contract and the Reality of Competitive Change
- Rights from Government Legislation
- Employer Responsibilities to Employees
- Employee Rights and Responsibilities to Employers
- Employee Rights in the Workplace
- Other Employee Rights and Obligations to Employers
- Ethical Insight 7.2
- 7.4. Discrimination, Equal Employment Opportunity, and Affirmative Action
- 7.5. Sexual Harassment in the Workplace
- 7.6. Whistle-Blowing versus Organizational Loyalty
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemma
- Case
- Notes
-
7.1. Employee Stakeholders in the Changing Workforce
-
Chapter 8. Business Ethics and Stakeholder Management in the Global Environment
- 8.1. The Connected Global Economy and Globalization
- 8.2. Managing and Working in a Different Global World: Professional and Ethical Competencies
- 8.3. Societal Issues and Globalization: The Dark Side
- 8.4. Multinational Enterprises as Stakeholders
- 8.5. Triple Bottom Line, Social Entrepreneurship, and Microfinancing
- 8.6. MNEs: Stakeholder Values, Guidelines, and Codes for Managing Ethically
- 8.7. Cross-Cultural Ethical Decision Making and Negotiation Methods
- Chapter Summary
- Questions
- Exercises
- Real-Time Ethical Dilemmas
- Cases
- Notes
- Index
- About the Author
Product information
- Title: Business Ethics, Seventh Edition, 7th Edition
- Author(s):
- Release date: November 2021
- Publisher(s): Berrett-Koehler Publishers
- ISBN: 9781523091560
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