{"product_id":"this-is-business-ethics-isbn-9781119055051","title":"This is Business Ethics","description":"\u003cp\u003e\u003cb\u003eTake a seat in the boardroom. What will you decide?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCorporations make difficult decisions about the right thing to do every day, but as an organization made up of people with different perspectives and values, how can a business behave ethically? \u003ci\u003eThis is Business Ethics\u003c\/i\u003e offers a dynamic and engaging introduction to the study of corporate morality.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers real-world practical advice for navigating ethical dilemmas in business, developed and explained through illustrative high-profile case studies like the Ford Pinto case, Enron, Walmart and British Petroleum.\u003c\/li\u003e \u003c\/ul\u003e \u003cul\u003e \u003cli\u003eExplores how ethical theory informs business policy and practice.\u003c\/li\u003e \u003c\/ul\u003e \u003cul\u003e \u003cli\u003ePresents unresolved contemporary case studies for consideration, inviting readers to participate in the decision-making and offer their own recommendations.\u003c\/li\u003e \u003c\/ul\u003e \u003cul\u003e \u003cli\u003eThe latest in the This is Philosophy series, \u003ci\u003eThis is Business Ethics\u003c\/i\u003e features supplemental online resources for instructors and students at  \u003ca href=\"https:\/\/www.wiley.com\/en-us\/thisisphilosophy\/thisisbusinessethicsanintroduction\"\u003ehttps:\/\/www.wiley.com\/enus\/thisisphilosophy\/thisisbusinessethicsanintroduction\u003c\/a\u003e\n\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePreface xii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Problems in Business Ethics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Ethics: Doing the Right Thing 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Ethics 3\u003c\/p\u003e \u003cp\u003eWhat are ethical questions 3\u003c\/p\u003e \u003cp\u003eHow to answer ethical questions 4\u003c\/p\u003e \u003cp\u003eIntroductory Case Studies 5\u003c\/p\u003e \u003cp\u003eSam and the substandard notes 5\u003c\/p\u003e \u003cp\u003eCasey and the overly-demanding internship 6\u003c\/p\u003e \u003cp\u003eTatiana and the fair distribution of chores 7\u003c\/p\u003e \u003cp\u003eAlex and the too-easy-to-cheat course 8\u003c\/p\u003e \u003cp\u003eEvaluating the Case Studies 9\u003c\/p\u003e \u003cp\u003eNon-ethical guidelines for thinking about the cases 9\u003c\/p\u003e \u003cp\u003eEthical guidelines for thinking about the cases 11\u003c\/p\u003e \u003cp\u003eLimitations of ethical evaluation: the problem of controversy 12\u003c\/p\u003e \u003cp\u003eReference 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Business: Maximizing Profit 14\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTheory of the Firm 14\u003c\/p\u003e \u003cp\u003eFirm organization 15\u003c\/p\u003e \u003cp\u003eWhy the firm exists at all 16\u003c\/p\u003e \u003cp\u003eProblems for firm organization 17\u003c\/p\u003e \u003cp\u003eBusiness Decision-Making: Shareholders and Cost-Benefit Analysis 17\u003c\/p\u003e \u003cp\u003eThe Dominant Model 19\u003c\/p\u003e \u003cp\u003eShareholder Theory 22\u003c\/p\u003e \u003cp\u003eCost-benefit analysis 25\u003c\/p\u003e \u003cp\u003eBusiness in Society: Consumers, Employees, and Community 27\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Classic Business Ethics Dilemmas: When Doing the Right Thing Does Not Maximize Profits 32\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDoing Right by Consumers: The Ford Pinto Case 33\u003c\/p\u003e \u003cp\u003eDoing Right by Employees: The Walmart Case 38\u003c\/p\u003e \u003cp\u003eDoing Right by the Community: The B.P. Case 40\u003c\/p\u003e \u003cp\u003eDoing Right by Shareholders: The Enron Case 42\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 46\u003c\/p\u003e \u003cp\u003eCase Cited 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Tools to Solve Business Ethics Dilemmas 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Ethical Theories 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Three Major Ethical Theories 51\u003c\/p\u003e \u003cp\u003eUtility-based ethics 52\u003c\/p\u003e \u003cp\u003eKant’s duty-based ethics 61\u003c\/p\u003e \u003cp\u003eAristotle’s virtue-based ethics 67\u003c\/p\u003e \u003cp\u003eOther Bases for Ethics 72\u003c\/p\u003e \u003cp\u003eNatural law theory 72\u003c\/p\u003e \u003cp\u003eContract theory 73\u003c\/p\u003e \u003cp\u003eEthics of care 74\u003c\/p\u003e \u003cp\u003eFeminist ethics 75\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Theories of Corporate Personhood 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusinesses as Ethical Persons 78\u003c\/p\u003e \u003cp\u003eBusinesses as Bureaucracies 83\u003c\/p\u003e \u003cp\u003eBusinesses as Collective Persons 87\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Theories of Political Economy 92\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrivate Property 95\u003c\/p\u003e \u003cp\u003eThe justification of private property 96\u003c\/p\u003e \u003cp\u003eDistributive justice 106\u003c\/p\u003e \u003cp\u003eThe Division of Labor 112\u003c\/p\u003e \u003cp\u003eSmith’s productivity-based defense of the division 112\u003c\/p\u003e \u003cp\u003eMarx’s alienation-based criticism of the division 115\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Contemporary Case Studies 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Business Ethics in Employment 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEmployment at Will: The Bechtel Case 121\u003c\/p\u003e \u003cp\u003eBechtel’s corporate identity 122\u003c\/p\u003e \u003cp\u003eFacts of the case 122\u003c\/p\u003e \u003cp\u003eWhat happened 124\u003c\/p\u003e \u003cp\u003eHistorical significance 124\u003c\/p\u003e \u003cp\u003eEthical significance: conditions of employment 125\u003c\/p\u003e \u003cp\u003eExecutive Compensation: The A.I.G. Case 130\u003c\/p\u003e \u003cp\u003eA.I.G.’s corporate identity 131\u003c\/p\u003e \u003cp\u003eFacts of the case 131\u003c\/p\u003e \u003cp\u003eWhat happened 133\u003c\/p\u003e \u003cp\u003eHistorical significance 133\u003c\/p\u003e \u003cp\u003eEthical significance: executive compensation 134\u003c\/p\u003e \u003cp\u003ePreventing Discrimination and Achieving Diversity: The Google Case 136\u003c\/p\u003e \u003cp\u003eGoogle’s corporate identity 137\u003c\/p\u003e \u003cp\u003eFacts of the case 138\u003c\/p\u003e \u003cp\u003eWhat happened 139\u003c\/p\u003e \u003cp\u003eEthical significance: unconscious bias 141\u003c\/p\u003e \u003cp\u003eWork-Life Balance: The Amazon Case 143\u003c\/p\u003e \u003cp\u003eAmazon’s corporate identity 144\u003c\/p\u003e \u003cp\u003eFacts of the case 144\u003c\/p\u003e \u003cp\u003eWhat happened 145\u003c\/p\u003e \u003cp\u003eHistorical significance 146\u003c\/p\u003e \u003cp\u003eEthical significance: work-life balance 146\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 147\u003c\/p\u003e \u003cp\u003eCase Cited 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Business Ethics in Advertising 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManipulative Advertising: The Four Loko Case 149\u003c\/p\u003e \u003cp\u003ePhusion Projects’ corporate identity 150\u003c\/p\u003e \u003cp\u003eFacts of the case 150\u003c\/p\u003e \u003cp\u003eWhat happened 151\u003c\/p\u003e \u003cp\u003eHistorical significance 152\u003c\/p\u003e \u003cp\u003eEthical significance: manipulative advertising 152\u003c\/p\u003e \u003cp\u003eTargeted Advertising: The Facebook Case 155\u003c\/p\u003e \u003cp\u003eFacebook’s corporate identity 156\u003c\/p\u003e \u003cp\u003eFacts of the case 156\u003c\/p\u003e \u003cp\u003eWhat happened 157\u003c\/p\u003e \u003cp\u003eHistorical significance 157\u003c\/p\u003e \u003cp\u003eEthical significance: targeted advertising 158\u003c\/p\u003e \u003cp\u003eThe Dependence Effect: The Lipitor Case 158\u003c\/p\u003e \u003cp\u003ePfizer’s corporate identity 159\u003c\/p\u003e \u003cp\u003eFacts of the case 159\u003c\/p\u003e \u003cp\u003eWhat happened 160\u003c\/p\u003e \u003cp\u003eHistorical significance 160\u003c\/p\u003e \u003cp\u003eEthical significance: the dependence effect 161\u003c\/p\u003e \u003cp\u003eDiscriminatory Advertising: The Abercrombie \u0026amp; Fitch Case 161\u003c\/p\u003e \u003cp\u003eAbercrombie \u0026amp; Fitch’s corporate identity 162\u003c\/p\u003e \u003cp\u003eFacts of the case 163\u003c\/p\u003e \u003cp\u003eWhat happened 163\u003c\/p\u003e \u003cp\u003eHistorical significance 164\u003c\/p\u003e \u003cp\u003eEthical significance: discriminatory advertising 164\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Business Ethics in the Financial Sector 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePredatory Lending: The Countrywide Financial Case 167\u003c\/p\u003e \u003cp\u003eCountrywide Financial’s corporate identity 168\u003c\/p\u003e \u003cp\u003eFacts of the case 168\u003c\/p\u003e \u003cp\u003eWhat happened 170\u003c\/p\u003e \u003cp\u003eHistorical significance 171\u003c\/p\u003e \u003cp\u003eEthical significance: predatory lending 171\u003c\/p\u003e \u003cp\u003eInvestment Risk: The Lehman Brothers Case 172\u003c\/p\u003e \u003cp\u003eLehman Brothers’ corporate identity 173\u003c\/p\u003e \u003cp\u003eFacts of the case 175\u003c\/p\u003e \u003cp\u003eWhat happened 176\u003c\/p\u003e \u003cp\u003eHistorical significance 176\u003c\/p\u003e \u003cp\u003eEthical significance: investment risk 176\u003c\/p\u003e \u003cp\u003eShort Selling: The Herbalife Case 178\u003c\/p\u003e \u003cp\u003eHerbalife’s corporate identity 179\u003c\/p\u003e \u003cp\u003ePershing Square Capital Management’s corporate identity 179\u003c\/p\u003e \u003cp\u003eFacts of the case 180\u003c\/p\u003e \u003cp\u003eWhat happened 181\u003c\/p\u003e \u003cp\u003eHistorical significance 182\u003c\/p\u003e \u003cp\u003eEthical significance: short selling 182\u003c\/p\u003e \u003cp\u003eInsider Trading: The Nomura Case 184\u003c\/p\u003e \u003cp\u003eNomura’s corporate identity 184\u003c\/p\u003e \u003cp\u003eFacts of the case 185\u003c\/p\u003e \u003cp\u003eWhat happened 186\u003c\/p\u003e \u003cp\u003eHistorical significance 186\u003c\/p\u003e \u003cp\u003eEthical significance: insider trading 186\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Business Ethics in the Environment 190\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWater Supply: The Coca-Cola India Case 190\u003c\/p\u003e \u003cp\u003eCoca-Cola India’s corporate identity 191\u003c\/p\u003e \u003cp\u003eFacts of the case 191\u003c\/p\u003e \u003cp\u003eWhat happened 192\u003c\/p\u003e \u003cp\u003eHistorical significance 193\u003c\/p\u003e \u003cp\u003eEthical significance: tragedy of the commons 193\u003c\/p\u003e \u003cp\u003eIndigenous Populations: The TransCanada Case 194\u003c\/p\u003e \u003cp\u003eTransCanada’s corporate identity 194\u003c\/p\u003e \u003cp\u003eFacts of the case 195\u003c\/p\u003e \u003cp\u003eWhat happened 196\u003c\/p\u003e \u003cp\u003eHistorical significance 196\u003c\/p\u003e \u003cp\u003eEthical significance: indigenous populations 197\u003c\/p\u003e \u003cp\u003eFood Supply: The FieldScripts Case 198\u003c\/p\u003e \u003cp\u003eMonsanto’s corporate identity 199\u003c\/p\u003e \u003cp\u003eFacts of the case 199\u003c\/p\u003e \u003cp\u003eWhat happened 201\u003c\/p\u003e \u003cp\u003eHistorical significance 202\u003c\/p\u003e \u003cp\u003eEthical significance: data privacy and trust in business 202\u003c\/p\u003e \u003cp\u003eEmissions: The VW Case 203\u003c\/p\u003e \u003cp\u003eVW’s corporate identity 204\u003c\/p\u003e \u003cp\u003eFacts of the case 205\u003c\/p\u003e \u003cp\u003eWhat happened 206\u003c\/p\u003e \u003cp\u003eHistorical significance 207\u003c\/p\u003e \u003cp\u003eEthical significance: emissions 207\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Business Ethics in Globalization 210\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eObtaining Raw Materials: The GlaxoSmithKline Case 210\u003c\/p\u003e \u003cp\u003eGlaxoSmithKline’s corporate identity 211\u003c\/p\u003e \u003cp\u003eFacts of the case 211\u003c\/p\u003e \u003cp\u003eWhat happened 213\u003c\/p\u003e \u003cp\u003eHistorical significance 214\u003c\/p\u003e \u003cp\u003eEthical significance: raw materials 214\u003c\/p\u003e \u003cp\u003eChild Labor: The Victoria’s Secret Case 214\u003c\/p\u003e \u003cp\u003eVictoria’s Secret’s corporate identity 215\u003c\/p\u003e \u003cp\u003eFacts of the case 215\u003c\/p\u003e \u003cp\u003eWhat happened 217\u003c\/p\u003e \u003cp\u003eHistorical significance 217\u003c\/p\u003e \u003cp\u003eEthical significance: child labor 218\u003c\/p\u003e \u003cp\u003eDifferent Cultures: The Yahoo! Case 218\u003c\/p\u003e \u003cp\u003eYahoo’s corporate identity 219\u003c\/p\u003e \u003cp\u003eFacts of the case 219\u003c\/p\u003e \u003cp\u003eWhat happened 220\u003c\/p\u003e \u003cp\u003eHistorical significance 221\u003c\/p\u003e \u003cp\u003eEthical significance: repressive political regimes 221\u003c\/p\u003e \u003cp\u003eDoing Business with Corrupt Regimes: The IKEA Case 222\u003c\/p\u003e \u003cp\u003eIKEA’s corporate identity 222\u003c\/p\u003e \u003cp\u003eFacts of the case 223\u003c\/p\u003e \u003cp\u003eWhat happened 223\u003c\/p\u003e \u003cp\u003eHistorical significance 224\u003c\/p\u003e \u003cp\u003eEthical significance: bribery 224\u003c\/p\u003e \u003cp\u003eReferences and Further Reading 225\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV The Future of Business Ethics 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Predicting and Preventing Future Business Ethics Scandals 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eResolving Conflicts in Ethics 232\u003c\/p\u003e \u003cp\u003eWhat kind of a person do you want to be 234\u003c\/p\u003e \u003cp\u003eWhat kind of world do you want to live in 238\u003c\/p\u003e \u003cp\u003eLooking for and Understanding New Cases 240\u003c\/p\u003e \u003cp\u003ePatterns of wrongdoing 240\u003c\/p\u003e \u003cp\u003eKey values for business 244\u003c\/p\u003e \u003cp\u003eTechnology and the Future of Business Ethics 245\u003c\/p\u003e \u003cp\u003eIndex 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTOBEY SCHARDING\u003c\/b\u003e is Visiting Assistant Professor at Rutgers Business School and Assistant Professor of Philosophy at the Bloomsburg University of Pennsylvania. She specializes in business ethics and ­finance ethics, with a focus on issues concerning risk and uncertainty. Her articles have appeared in leading academic journals such as \u003ci\u003eBusiness Ethics Quarterly\u003c\/i\u003e, \u003ci\u003ePublic Affairs Quarterly\u003c\/i\u003e, and \u003ci\u003eGeorgetown Journal of Law \u003c\/i\u003e\u003ci\u003eand Public Policy\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTake a seat in the boardroom. What will you decide?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eCorporations make difficult decisions about the right thing to do every day—often in\u003c\/p\u003e \u003cp\u003eunclear and complicated circumstances—but as an organization made up of people\u003c\/p\u003e \u003cp\u003ewith different perspectives and values, how can a business behave ethically? \u003ci\u003eThis is\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBusiness Ethics \u003c\/i\u003eoffers real-world practical advice for navigating ethical dilemmas in\u003c\/p\u003e \u003cp\u003ebusiness, developed and explained through illustrative high-pro­le case studies like\u003c\/p\u003e \u003cp\u003ethe Ford Pinto case, Enron, Walmart and British Petroleum. With detailed explanations\u003c\/p\u003e \u003cp\u003eof the core principles in ethical theory—including virtue ethics, utilitarianism and\u003c\/p\u003e \u003cp\u003edeontology—as well as theories of political economy and business organization,\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThis is Business Ethics\u003c\/i\u003e offers a dynamic and engaging introduction to the study of\u003c\/p\u003e \u003cp\u003ecorporate morality.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e \u003cp\u003eDesigned to help both students and professionals bridge the gap between theory and\u003c\/p\u003e \u003cp\u003eapplication, this user-friendly guide tackles the common challenges of applying the\u003c\/p\u003e \u003cp\u003eprinciples of classical ethics to the business world. Divided into four distinct parts,\u003c\/p\u003e \u003cp\u003ethe volume explores how ethical theory informs the way that proper business policies\u003c\/p\u003e \u003cp\u003eand practices are decided, and presents unresolved contemporary case studies for\u003c\/p\u003e \u003cp\u003econsideration, inviting readers to participate in the decision-making and offer their\u003c\/p\u003e \u003cp\u003eown recommendations.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e \u003cp\u003eThe latest installment in the popular \u003ci\u003eThis is Philosophy\u003c\/i\u003e series, \u003ci\u003eThis is Business Ethics\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eis speci­fically written for newcomers to business ethics and presumes no prior\u003c\/p\u003e \u003cp\u003eknowledge of the subject, making it an ideal text for undergraduates and a useful\u003c\/p\u003e \u003cp\u003eresource for business and management professionals.\u003c\/p\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47990387966181,"sku":"NP9781119055051","price":88.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119055051.jpg?v=1761787624","url":"https:\/\/k12savings.com\/products\/this-is-business-ethics-isbn-9781119055051","provider":"K12savings","version":"1.0","type":"link"}