INSEAD Library

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Ethical Issues in Business A Philosophical Approach Contents Preface xi Introduction to Ethical Reasoning · THOMAS DONALDSON · PATRICIA H. WERHANE 1 PART 1 · General Issues in Business Ethics Introduction 13 Chapter 1 - Business Ethics: The Controversy 21 CASE STUDY: H. B. Fuller in Honduras: Street Children and Substance Abuse · NORMAN E. BOWIE · STEFANIE ANN LENWAY 21 The Social Responsibility of Business Is to Increase Its Profits · MILTON FRIEDMAN 34 Managing for Stakeholders · R. EDWARD FREEMAN 39 Chapter 2 - Ethical Reasoning in Practice 54 CASE STUDY: Italian Tax Mores · ARTHUR L. KELLY 54 A Kantian Approach to Business Ethics · NORMAN E. BOWIE 56 Corporate Roles, Personal Virtues: An Aristotelean Approach to Business Ethics · ROBERT C. SOLOMON 66 Utilitarianism and Business Ethics · ANDREW GUSTAFSON 78 Ethics and Pragmatism: John Dewey's Deliberative Approach · JOHN MCVEA 89 Chapter 3 - Truth Telling 101 CASE STUDY: Cynthia Cooper and WorldCom · EMILY MEAD · PATRICIA H. WERHANE 101 Ethical Duties Towards Others: "Truthfulness" · IMMANUEL KANT 110 Trust, Morality, and International Business · GEORGE G. BRENKERT 115 Whistleblowing and Professional Responsibility · SISSELA BOK 128 Is Business Bluffing Ethical? · ALBERT CARR 136 · PART 2 · Property, Profit, and Justice Introduction 143 Chapter 4 - Traditional Theories of Property and Profit 151 CASE STUDY: NEW PROTOCOL: How Drug's Rebirth as Treatment for Cancer Fueled Price Rises · GEETA ANAND 151 CASE STUDY: Plasma International · THOMAS W. ZIMMERER · PAUL L. PRESTON 156 The Justification of Private Property · JOHN LOCKE 158 Benefits of the Profit Motive · ADAM SMITH 163 Alienated Labour · KARL MARx 167 Wealth · ANDREW CARNEGIE 172 Chapter 5 - Contemporary Challenges to Property Rights 177 CASE STUDY: W. R. Grace and Co. and the Neemix Patent · KRISTI SEVERANCE · LISA SHAPIRO · PATRICIA H. WERHANE 177 Needed: A New System of Intellectual Property Rights · LESTER C. THUROW 187 Privacy · DEBORAH G. JOHNSON 196 Chapter 6 - Justice 221 CASE STUDY: The Oil Rig · JOANNE B. CIULLA 221 Distributive Justice · JOHN RAWLS 222 The Entitlement Theory · ROBERT NOZICK 232 · PART 3 · Corporations, Persons, and Morality Introduction 239 Chapter 7 - The Role of Organizational Values 250 CASE STUDY: Merck and Co., Inc. · THE BUSINESS ENTERPRISE TRUST 250 Does Business Ethics Make Economic Sense? · AMARTYA SEN 256 Can Socially Responsible Firms Survive in a Competitive Environment? · ROBERT H. FRANK 264 Managing for Organizational Integrity · LYNN SHARP PAINE 274 The Parable of the Sadhu · BOWEN H. McCoy 287 Chapter 8 - Values and the Virtuous Manager 294 CASE STUDY: The Enron Collapse · STEWART HAMILTON 294 Moral Mazes: Bureaucracy and Managerial Work · ROBERT JACKALL 317 The Moral Muteness of Managers · FREDERICK B. BIRD · JAMES A. WATERS 334 Legislative Summary of the Sarbanes-Oxley Act of 2002 348 Limited Options · JOHN C. COFFEE JR. 356 Chapter 9 - Issues in Employment 363 CASE STUDY: United wins approval to dump pension plans · MARK SKERTIC 363 CASE STUDY: Unkept promises hit retirees · BARBARA ROSE 365 CASE STUDY: Working at Walmart · BARBARA EHRENREICH 368 Employment at Will, Employee Rights, and Future Directions for Employment · TARA J. RADIN · PATRICIA H. WERHANE 378 In Defense of the Contract at Will · RICHARD A. EPSTEIN 388 Employability Security · ROSABETH MOSS KANTER 396 People, Profits, and Perspective · JEFFREY PFEFFER 398 Chapter 10 - Diversity 409 CASE STUDY: Foreign Assignment · THOMAS DUNFEE · DIANA ROBERTSON 409 Ways Women Lead · JUDY B. ROSENER 411 White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women's Studies · PEGGY MCINTOSH 419 · PART 4 · International Business Introduction 429 Chapter 11 - Ethical Relativism 433 CASE STUDY: What Price Safety? · R. S. MOORTHY · RICHARD T. DE GEORGE · THOMAS DONALDSON · WILLIAM S. J. ELLOS · ROBERT C. SOLOMON · ROBERT B. TEXTOR 433 CASE STUDY: Facing Face · R. S. MOORTHY · RICHARD T. DE GEORGE · THOMAS DONALDSON · WILLIAM S. J. ELLOS · ROBERT C. SOLOMON · ROBERT B. TEXTOR 437 The Challenge of Cultural Relativism · JAMES RACHELS 438 A Social Contracts Approach to Business Ethics · THOMAS DONALDSON · THOMAS W. DUNFEE 448 The United Nations Universal Declaration of Human Rights 453 Chapter 12 - Business Values Away from Home 459 CASE STUDY: Alchemist's Dream Come True · BARNABY J. FEDER 459 CASE STUDY: Gift Giving and the African Elder · JAMES GATHII 462 International Business Ethics and Incipient Capitalism: A Double Standard? · RICHARD T. DE GEORGE 463 Values in Tension: Ethics Away from Home · THOMAS DONALDSON 476 · PART 5 · Contemporary Business Themes Introduction 487 Chapter 13 - Marketing 491 CASE STUDY: Fingerhut's Price Strategy · LEE ANNE FENNEL · GRETCHEN A. KALSOW · JUNE A. WEST 491 Persuasive Advertising, Autonomy, and the Creation of Desire · ROGER CRISP 505 Chapter 14 - The Environment 513 CASE STUDY: Exxonmobil and the Chad/Cameroon Pipeline · JENNY MEAD · ANDY WICKS · PATRICIA H. WERHANE 513 Scarcity or Abundance? · JULIAN L. SIMON 532 Cost-Benefit Analysis: An Ethical Critique · STEVEN KELMAN 542 A Boat for Thoreau · WILLIAM MCDONOUGH 548 Chapter 15 - Globalization 565 CASE STUDY: Global Profits, Global Headaches · MARK BAKER · LAURA HARTMAN · BILL SHAW 565 The Market at the Bottom of the Pyramid · C. K. PRAHALAD 570 The Great Non-Debate over International Sweatshops · IAN MAITLAND 584 Biographical Information 598