INSEAD Library

Includes index

Digitized

CONTENTS Business Ethics Business Ethics Preface 1 Ethics and Business Horatio Alger and Stock Options 3 The Myth of Amoral Business 5 The American Business Value System 8 The Relation of Business and Morality 11 Business Ethics and Ethics 17 The Case of the Collapsed Mine 25 Study Questions 28 3 Conventional Morality and Ethical Relativism Purchasing Abroad: A Case Study 33 The Levels of Moral Development 34 Subjective and Objective Morality 37 Descriptive Relativism 39 Normative Ethical Relativism 41 Moral Absolutism 45 Moral Pluralism 46 Pluralism and American Business 47 Pluralism and International Business 48 Approaches to Ethical Theory 49 Study Questions 53 3 Utility and Utilitarianism An Airplane Manufacturing Case 55 Utilitarianism 55 Act and Rule Utilitarianism 60 Objections to Utilitarianism 63 Utilitarianism and 55 Justice 65 Bribery 70 Applying Utilitarianism 67 Study Questions 74 Utilitarianism and 4 5 Moral Duty, Rights, and Justice The Johnson Controls Case 76 Deontological Approaches to Ethics 77 Judeo-Christian Morality 78 Reason, Duty, and the Moral Law 80 Application of the Moral Law 86 Imperfect Duties, Special Obligations, and Moral Ideals 89 Rights and Justice 94 Study Questions 103 Virtue, Moral Responsibility, and Moral Reasoning The Case of Dora and Joe 105 Virtue 106 The Love Canal Case 110 Moral Responsibility 1 1 Excusing Conditions 113 1 Liability and Accountability 117 Agent and Role Moral Responsibility 119 Applying Moral Reasoning 121 Study Questions 126 6 Justice and Economic Systems The Case of the Two Slaveholders 129 Moral Evaluation of Economic Systems 130 Moral Evaluation of Contemporary Systems 134 Economic Models and Games 136 A Capitalist Model 137 Capitalism and Government 142 ASocialist Model 146 Comparison of Models and Systems 148 Economic Systems and Justice 149 Study Questions 151 129 7 American Capitalism: Moral or Immoral? The Case of Bill Gates 153 The American Economic System 155 Relation of the American Government to the American Economic System 157 The Marxist Critique 161 Non-Marxist Moral Critiques of American Capitalism 166 The Moral Defense of the American Free-Enterprise System 169 Non-Socialist Alternatives to Contemporary American Capitalism 173 Study Questions 178 8 Corporations and Morality The Case of Malden Mills 180 The Moral Status of Corporations and Formal Organizations 183 Concept of the Corporation: Shareholder versus Stakeholder 188 Moral Responsibility Within the Corporation 191 Morality and the Social Audit 197 Corporate Codes 206 Corporate Culture and Moral Firms 207 Study Questions 209 180 9 Corporate Governance, Accounting, Disclosure and Insider Trading The Enron Case 211 Corporate Governance 214 Accounting 219 Corporate Disclosure 225 Insider Trading 233 Study Questions 243 10 Finance, Restructuring, and Investing Google and IPOs 245 Finance and Banking 247 Corporate Takeovers and Restructuring 253 Ethical Investing 265 Study Questions 273 11 Safety, Risk, and Environmental Protection 12 Whistle Blowing 275 The McDonald's Polystyrene Case 275 Corporations, Products, and Services 277 Do No Harm 278 Safety and Acceptable Risk 279 Product Safety and Corporate Liability 282 Strict Liability 284 Production Safety 286 Environmental Harm 288 Pollution and Its Control 290 Study Questions 296 298 The Ford Pinto Case 298 Blowing the Whistle 299 Kinds of Whistle Blowing 300 Whistle Blowing as Morally Prohibited 304 Whistle Blowing as Morally Permitted 307 Whistle Blowing as Morally Required 312 Internal Whistle Blowing 315 Precluding the Need for Whistle Blowing 319 Study Questions 321 13 Marketing, Truth, and Advertising 323 The May DandF Case 323 The Nest16 Infant Milk Formula Case 324 Marketing 325 Advertising 336 Truth and Advertising 338 Manipulation and Coercion 342 Paternalism and Advertising 345 Prevention of Advertising 347 Allocation of Moral Responsibility in Advertising 348 Study Questions 351 14 Workers' Rights: Employment, Wages, and Unions 15 Workers' Rights and Duties Within a Firm 353 The Air Traffic Controllers Case 353 Employment-at-Will 355 The Right to Employment 357 The Right to a Just Wage 363 Comparable Worth 369 Executive Compensation 371 The Right to Organize: Unions 375 The Right to Strike 378 Study Questions 384 Case Studies: Drug Testing and the Right to Privacy 387 The Rights Rights in Hiring, Promotion, and of Employees Within a Firm 391 Firing 392 Employee Civil Rights and Equal Treatment 396 Privacy, Polygraphs, and Drugs 399 Quality of Work Life 406 Employee Duties 410 Worker Loyalty and Obedience 411 Study Questions 415 16 Discrimination, Affirmative Action, and Reverse Discrimination Three Affirmative Action Cases 417 Discrimination 420 Changing Social Structures 426 Equal Employment Opportunity 428 Affirmative Action 430 Reverse Discrimination 434 Balanced or Preferential Hiring 436 Two Cases: Weber and Stotts 441 The Weber Case 442 The Stotts Case 444 Study Questions 445 17 The Information Age: Property and New Technologies 447 ' Two Intellectual Property Cases 447 Intellectual Property 451 Industrial Espionage 462 Property: Information and Software 463 Study Questions 476 Information, Computers, the Internet and Business The Electronic Privacy at ABC Control Case 478 Business and Computers 480 Computer Crime 480 Computers and Corporate The Changing Responsibility 487 Computers and Privacy 490 Nature of Work 500 Study Questions 504 478 International 19 The GlobalizationBusiness System, Multinationals, and The WTO, Cancun and Agriculture: A Case Study 509 Morality and the International Economic System 511 Multinational Corporations and Ethics 514 Ethical Guidelines for Multinational Operations 521 Multinationals and Human Rights 523 The Transfer of Dangerous Industries to Underdeveloped Countries 525 International Codes 532 The Globalization of Business 537 American Outsourcing and International Business 541 Study Questions 543 509 20 Corrupt Contexts and International Business Nike: A Case Study 546 The Case of General Motors and Apartheid 548 U.S. Multinationals in South Africa 550 The Lessons of Business in South Africa 553 Bribery and the Foreign Corrupt Practices Act 554 International Business in Unsettled Contexts 556 International Industrial Espionage, Discrimination, and Questionable Products 562 Operating in Destabilized Environments 566 Child Labor and Sweatshops 569 International Business in Different Cultures: Japan 573 Cross-Cultural Judgments, Negotiation, and International Justice 574 Study Questions 578 21 Global Issues and International Obligations 580 The Case of the United States and the Kyoto Protocol 580 The Case of Merck and Costa Rica 582 Global Issues 583 Famine, Malnutrition, and Moral Obligation 584 Property and Allocation of the World's Resources 592 Global Common Goods 600 Oil and the Depletion of Natural Resources 601 Study Questions 608 22 The New Moral Imperative for Business Index 613 IBM and the End of an Era: A Case Study 613 The Changing Business Mandate 615 The Role of Government 620 Corporate Democracy and the New Entrepreneur 622 Building a Good Society 624 Study Questions 626 629