Holdings: Understanding business ethics

Understanding business ethics:

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Bibliographic Details
Main Authors:	Stanwick, Peter A. (Author), Stanwick, Sarah D. (Author)
Format:	Book
Language:	English
Published:	Upper Saddle River, NJ Pearson, Prentice Hall 2009
Edition:	1. ed., Pearson internat. ed.
Subjects:	Business ethics Wirtschaftsethik Lehrbuch
Online Access:	Inhaltsverzeichnis
Item Description:	Includes index.
Physical Description:	XXVI, 476 S. graph. Darst.
ISBN:	0137129890 9780137129898

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MARC


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adam_text	Contents Preface xx About the Authors xxvi CHAPTERS The Foundation of Ethical Thought 1 Introduction 2 The Foundation of Ethical Theory 4 Types of Ethical Examinations 4 Teleological Frameworks 4 Ethical Egoism 4 Utilitarianism 5 Sidgusick's Dualism 6 Deontological Frameworks 6 Existentialism 6 Contractarianism 7 Kanťs Ethics 7 Mixed Frameworks 8 Intuiţionism and Love 8 Global Business Standards Codex 8 Fiduciary Principle 9 Property Principle 9 Reliability Principle 9 Transparency Principle 10 Dignity Principle 10 Fairness Principle 11 Citizenship Principle 11 Responsiveness Principle 12 Questions for Thought 12 Contemporary Issues in Business Ethics 13 History of Business Ethics 15 The Role of Integrity 16 vi Contents Specific Behaviors of High Integrity 17 Possess Humility 17 Maintain Concern for the Greater Good Π Be Truthful Π Fulfill Commitments 17 Strive for Fairness 17 Take Responsibility 18 Have Respect for the Individual 18 Celebrate the Good Fortune of Others 18 Develop Others 18 Reproach Unjust Acts 18 Be Forgiving 18 Extend Self for Others 18 How People Develop Ethical Behavior 18 The Ethical Cycle 19 Moral Problem Statement 19 Problem Analysis 19 Options for Action 20 Ethical Judgment 20 Reflection 20 Using Ethical Decisions to Build Character 20 Ethical Managers Are Able to Make Their Own Rules 21 Is Everyone Unethical? 22 Implicit Prejudice 22 In-Group Favoritism 22 Ctoiming Credit for Others7 Actions 23 Conflicts of Interest 23 Knowing "Right" from "Wrong" 24 Rationalizing Unethical Behaviors 25 Transparency 25 Effect 25 Fairness 25 Monitoring Reputations 2 7 Striving for Ethical Behavior 28 Internal and External Current Ethical Issues 29 Questions for Thought 31 Contents vii Stakeholders and Corporate Social Responsibility 32 What Is a Stakeholder? 34 Management's Response to Stakeholders 3 5 Moral Management and Stakeholders 35 Which Stakeholders Are More "Important"? 37 The Role of Stakeholder Communications 39 Employees as Stakeholders 40 Is Discrimination Based on Image Legal? 45 Suppliers as Stakeholders 47 The Ethics of Outsourcing 41 Customers as Stakeholders 49 The Manufacturing Process 49 Sales and Quotes 49 Distribution 50 Customer Service 50 Government as a Stakeholder 50 Local Community and Society as Stakeholders 50 The Role of Corporate Social Responsibility 50 Components of Corporate Social Responsibility 51 Identification of Relevant Social Issues 52 A Firm's Strategic Response to Social Issues 53 The Role of Human Rights 56 Questions for Thought 57 Corporate Governance and Corporate Compliance 58 Ethics and Corporate Governance 60 Board of Directors 60 Typical Decisions Made by the Board of Directors 62 Types of Board of Directors Committees 62 Executive Committee 62 Nominating Committee 62 Corporate Governance 62 Compensation Committee 63 Succession Committee 63 Audit Committee 63 Finance Committee 63 viii Contents The Role of the Board of Directors 63 Passive Board 64 Certifying Board 64 Engaged Board 64 Intervening Board 64 Operating Board 64 Ethics and the Structure of the Board of Directors 65 The Benefits of a Strong Board of Directors 65 Role of CEO Compensation 65 CEO Compensation and Ethical Reputation 66 Ethical Viewpoints Explaining CEO Compensation 66 Components of the Sarbanes-Oxley Act 67 History of the Sarbanes-Oxley Act 69 Public Company Accounting Oversight Board 69 Section 404— Internal Controls 69 The Cost of Compliance with the Sarbanes-Oxley Act 71 The Cadbury and Combined Code 73 Ethics and Corporate Compliance 73 The U.S. Federal Sentencing Guidelines for Organizations 75 The Challenge of Compliance 75 Corporate Compliance Systems and Global Corruption 76 The Cost of Corruption 77 The U.S. Foreign Corrupt Practices Act 78 Corporate Governance and Stakeholders 79 Questions for Thought 80 Ethics and the Environment 81 The Tragedy of the Commons 83 Natural Environment as a Stakeholder 83 Natural Environment as a Competitive Advantage 84 Strategy 1: Ecoefficiency 85 Strategy 2: Beyond Compliance Leadership 85 Strategy 3: Ecobranding 86 Strategy 4: Environmental Cost Leadership 86 Voluntary Environmental Compliance 87 The Cost of Noncompliance 87 Contents ix What Does It Mean to Be Green? 88 Examples of Environmental Commitments 88 Employees as Environmental Stakeholders 89 NGOs as Environmental Stakeholders 90 Greenpeace 90 Sierra Club 90 Environmental Defense Fund 91 Friends of the Earth 91 Communicating the Firm's Environmental Commitment to Its Stakeholders 91 Government Regulations 92 Voluntary Partnerships with the EPA 93 Environmental Accounting Issues 94 Environmental Justice 94 Environmental Sustainability 95 The Triple Bottom Line 96 Equator Principles 96 Ethics and Climate Change 97 What Is the Greenhouse Gas Effect? 91 Kyoto Treaty 98 Two Inconvenient Truths 99 Climate Change as a Strategic Option 99 Questions for Thought 100 Health-Care Ethics 101 The Role of Medical Ethics 102 Biomedical Ethics 103 What Questions Should Be Asked Pertaining to Bioethics? 104 The Doctor-Patient Relationship 105 Health-Care Codes of Ethics 106 Health Insurance Portability and Accountability Act 110 Pharmaceutical Issues 112 TheRiseofE-Drugs 113 Stakeholders and the Health-Care System 114 Questions for Thought 115 Contents Ethics and Information Technology 116 Why Are Information Technology Ethical Issues Important? 117 Four Schools of Ethical Thought 119 Phenomenology vs. Positivism 119 Rules vs. Consequences 119 Individuals vs. Collectivities 119 Management Issues and Policy Areas for Information Technology 121 Management Issues 121 Policy Areas that Can Address Information Technology Management Issues 122 The Next Step: Critical Analysis 123 Privacy of Employees 124 Types of Computer Monitoring 125 Telephone Monitoring 127 Privacy of Customers 127 The Challenge of Technology 131 The Role of Government Regulations 133 Technology-Based Fraud 134 Internet Attacks 137 The US A PATRIOT Act 138 Questions for Thought 139 Strategic Planning and Corporate Culture 140 Ethics and Strategic Planning 141 Is There a Link between Strategic Planning and an Ethical Culture? 142 A Manager's Ability to Develop Trust, Commitment, and Effort 143 The Role of Power and Influence in Ethical Decisions 144 Influence 145 A Machiavellianism Approach to Decision Making 145 How to Control Power and Influence 145 The Curse of Unethical Cultures 146 The Responsibility of Managers 146 Contents xi How to Address Ethical Decision Making from a Global Perspective 148 How to Address Ethical Crisis and Disaster Recovery 149 Ethical Leadership: A Link between Strategic Planning and Corporate Culture 150 Traits 150 Behaviors 1 51 Decision Making 151 Moral Manager 151 Unethical Leader 152 Ethical Leader 152 Hypocritical Leader 152 Inconsistent Leader 152 Corporate Culture 153 How Managers Can Change a Corporate Culture 154 How to Change Ethical Values 154 Evaluation of Corporate Culture 156 Questions for Thought 158 Ethics and Financial Reporting 159 The Role of Creative Accounting 161 Ethical Philosophies and Accounting Issues 161 The Role of Financial Reporting 161 The Objectives of Financial Reporting 163 Where Were the Auditors? 163 Auditor-Firm Conflicts of Interest 164 Shareholder-Management Conflicts of Interest 165 Self-Interest-Professional Standards Conflicts of Interest 165 Steps of an Audit 165 Example of a Clean Audit Report 166 Current Trends in Auditing 167 Responsibilities of Management 168 Responsibilities of Auditors 169 Responsibilities of Audit Committees 170 AICPA Code of Professional Conduct 170 Role of Government Regulations 171 Gramm-Leach-Bliley Act 173 xii Contents Risk of Manipulation of Financial Statements 174 Major Components of a Firm's Financial Statements 175 Accounting Shenanigans or Tricks of the Trade 176 Questions for Thought 118 10 Establishing a Code of Ethics and Ethical Guidelines 179 Role of a Code of Ethics 180 Code of Ethics and Stakeholders 181 Benefits of a Code of Ethics 182 Content of a Code of Ethics 183 The Role of Total Responsibility Management and a Code of Ethics 184 Inspiration Process 184 Integration: Changes in Strategies and Management Practices 185 Innovation: Focusing on Assessment, Improvement, and Learning Systems 186 Steps for an Effective Code of Ethics 186 Value of a Code of Ethics 189 How to Make a Code of Ethics More Effective 190 Examples of Codes of Ethics 190 Role of Government Regulations 192 Global Code of Ethics 194 Caux Round Table Principles 194 Organization of Economic Co-operation and Development Guidelines for Multinational Enterprises 194 United Nations Global Impact 194 Questions for Thought 196 11 Evaluating Corporate Ethics 197 Why Firms Need Ethics Training Programs 198 The Size of the Firm 198 The Cost of Fraud 199 Where in the World Does Fraud Occur? 199 Every Industij Is Represented 200 The Types of Fraud 200 Who Commits the Fraud? 201 How Are They Caught? 201 What to Do with the Fraudsters? 201 Contents xiii Establishing an Ethics Training Program 202 Ethics Training Programs as Part of a Control System 202 Establishing a Global Ethics Training Program 204 Morally Sensitive Cultural Education 204 Provide Education on International Human Rights — Not Only on Foreign Law Compliance 204 Try to Get Beyond "Rule Formalism " 204 Presenting a Rational Dialogue for Important International Issues When There Is Dissent 205 Global Cultural Dimensions and Ethics Training Programs 205 Individualism vs. Collectivism 205 High-Context vs. Low-Context Communication 206 High Uncertainty vs. Low Uncertainty Avoidance 206 Masculinity vs. Femininity 206 High vs. Low Power Distance 206 Benefits of an Ethics Training Program 207 Enforcement and the Ethics Training Program 207 Sending the Right Message to the Employees 208 Corporate Ethics Officers 209 Ethical Auditing 210 Components of the Ethical Audit 211 Whistle-Blowing 212 Hotlines 214 Government Regulations and Whistle-Blowing 216 Evaluation of Ethics and Stakeholders 220 Questions for Thought 221 Adelphia: What's Wrong with This Picture? 222 Background of the Rigas Family 222 The Trouble at Adelphia 223 The Adelphia Piggy Bank 224 The Manipulation of the Financial Statements 225 The Decline of the Rigas Empire 225 Questions for Thought 221 xiv Contents 2 Ahold: Is That The Dutch Translation of Enron? 228 The Strategies and Objectives of Ahold 228 The Accounting and Corporate Governance Problems at Ahold 229 The Unraveling of Ahold 229 The Recovery and Penitence of Ahold 231 Questions for Thought 233 3 Blue Bayou 234 The Checkered Past of Bayou 234 Trouble on the Bayou 235 Questions for Thought 237 4 Boeing: How Low Can They Fly? 238 The Start of the Ethics Problems at Boeing 238 Ethical Challenges at Boeing: Round Two 240 The Condii Era at Boeing 241 The Rise and Fall of Harry Stonecipher 242 Questions for Thought 245 5 Bre-X: AU That Glitters Isn't Gold 246 From a Penny Stock . . . 246 . To a Gold Mine 247 Fool's Gold 248 Red Flags 249 The Death of a Dream 2 51 Questions fin- Thought 252 6 Conrad Black and Hollinger International: All the News That's Fit to Sell 253 The Birth of a Lord 253 Who Is the Board Directing? 255 The Downfall of a Lord 256 The Allegations Continue to Develop 257 The Report 257 Changes at Hollinger International 259 The Beginning of the End 265 Questions for Thought 264 Contents xv 7 Enron: Were They the Crookedest Guys in the Room? 265 The Rise of the Big "E" 265 The Rank and Yank Culture at Enron 267 The Beginning of the End 267 The Role of Mark-to-Market Accounting 268 The Letter 268 The Questions Begin 269 To Chapter 11 and Beyond 271 The Role of the Board of Directors 272 Arthur Andersen 272 The Fall of Enron's Smartest Guys in the Room 275 The Trial Begins 277 Questions for Thought 283 8 Google: Don't Be Evil Unless . 284 The Privacy of Gmail 2 84 The Privacy of Individuals 285 Google in China 286 Refusing the Justice Department 287 Scanning Copyrighted Material 288 The Role of Click Fraud 2 89 Questions for Thought 290 9 HealthSouth: The Rise and Fall of the Scrushy Empire 291 Questions for Thought 299 10 Herman Miller: Eddie, Get Off That Chair 300 Journey Toward Sustainability 301 The Environmental Quality Action Team 301 Design for Environment 302 The Legacy of the Eames Chair 303 Questions for Thought 303 11 Interface: More Than Just a Carpet Company 304 The Road to Sustainability 304 Elimination of Waste 306 xvi Contents Benign Emissions 306 Indoor Air Quality 307 Renewable Energy 307 Closing the Loop 308 Resource Efficient Tramponation 308 Sensitizing Stakeholders 309 Redesign Commerce 309 The Continued Benefits of Sustainability 309 Questions for Thought 310 12 Livedoor: Ethical Issues in Japan 311 The Beginning of Livedoor 311 The Livedoor Bubble 312 The Services of Livedoor 312 The Beginning of the End 312 The End of Livedoor 314 Questions for Thought 316 13 Lucent Technologies: What Does FCPA Stand for Again? 317 Questions for Thought 319 14 Martha Stewart and ImClone: What Color Goes with Prison Gray? 320 Questions for Thought 327 15 McWane: A Dangerous Business 328 Canadian Operations 333 Environmental Issues 334 Questions for Thought 336 16 Merck's Vioxx: How Would You Interpret the Data? 337 The Introduction of a Blockbuster 337 Getting Ready to Launch 337 The Trouble Begins 338 External Red Flags Start to Fly 339 Contents xvii How to Address the Concerns 339 The Wonder Drug for Everyone 340 The Data Continues 340 The Withdrawal of Vioxx 341 The Steamrolling Legal Problems 342 Questions for Thought 341 17 Music Industry: Ethical Issues in a Digital Age 348 The Long and Winding Road of Recorded Music 348 The Rise of Napster 349 The Savior of the Music Industry: iTunes 351 The Role of Royalties 352 What Package Are We Breaking? 353 Sony's Ghost in the Machine 3 54 How Much Is that Song on the Radio? 357 Questions for Thought 360 18 Parmalat: Can You Sue Over Spilled Milk? 361 The Growth of Parmalat 361 The Questions Start 361 The Financial Troubles Become Known 362 Bonlat Financing 363 Grant Thornton 363 Epicurum Hedge Fund 364 The Downward Spiral 3 64 The Lawsuits Start 366 Questions for Thought 370 19 Perfect Payday: How Apple Computer and Others Have Learned to Love Stock Options 371 The Role of Stock Options in Executive Compensation 371 UnitedHealth Group 372 Affiliated Computer Services 377 Brooks Automation 378 Comverse Technology 379 xviii Contents Vitesse Semiconductor 382 Apple Computer 383 Questions for Thought 388 20 Tyco: I'm Sure That It's a Really Nice Shower Curtain 389 The Rise of Dennis Kozlowski 389 The Financial Troubles Begin 389 Paying for Empty Crates 390 The Investigation Expands 391 The Payment of Expenses 392 Happy Birthday, Karen! 393 Mark Swartz, CFO 393 Mark Belnick, Tyco Legal Counsel 394 Tyco's Board of Directors 395 The Wonderful World of Tyco Accounting 396 Key Employee Loan Program 397 Key Employee Relocation Program 398 Tyco Bonus Program 398 PricewaterhouseCoopers, Tyco's External Auditor 399 The Beginning of the End 399 Questions for Thought 402 21 Volkswagen: Herbie Takes Investors for a Ride 403 Bribes and Other Transactions 403 Pleasure Trips 404 A Bid from Porsche 405 Questions for Thought 408 22 Wal-Mart: But We Do Give Them a 10 Percent Employee Discount 409 Off-the-Clock Work 410 Sexual Discrimination 412 Health Benefits 413 The Role of Unions 415 Contents xix The Great Union Wall of China 416 Use of Illegal Aliens 417 Child and Other Labor Laws 418 Wal-Mart Responds 419 Questions for Thought 419 23 WorldCom: Can You Hear the Lawsuits Now? 420 From Humble Beginnings 420 Ebbers's Financial Problems 421 Securities and Exchange Commission's Investigation Starts 422 The Board Becomes Involved 422 A New CEO 423 The Role of Cynthia Cooper 424 The Role of Arthur Andersen 426 Roadblocks in the Investigation 427 The Fraud Becomes Public 428 The Bottom of the Downward Spiral 429 The Trial Starts 431 Questions for Thought 437 Endnotes 438 Index 469
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spelling	Stanwick, Peter A. Verfasser aut Understanding business ethics Peter A. Stanwick ; Sarah D. Stanwick 1. ed., Pearson internat. ed. Upper Saddle River, NJ Pearson, Prentice Hall 2009 XXVI, 476 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes index. Business ethics Wirtschaftsethik (DE-588)4066439-9 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Wirtschaftsethik (DE-588)4066439-9 s DE-604 Stanwick, Sarah D. Verfasser aut Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018939909&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk
spellingShingle	Stanwick, Peter A. Stanwick, Sarah D. Understanding business ethics Business ethics Wirtschaftsethik (DE-588)4066439-9 gnd
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title	Understanding business ethics
title_auth	Understanding business ethics
title_exact_search	Understanding business ethics
title_full	Understanding business ethics Peter A. Stanwick ; Sarah D. Stanwick
title_fullStr	Understanding business ethics Peter A. Stanwick ; Sarah D. Stanwick
title_full_unstemmed	Understanding business ethics Peter A. Stanwick ; Sarah D. Stanwick
title_short	Understanding business ethics
title_sort	understanding business ethics
topic	Business ethics Wirtschaftsethik (DE-588)4066439-9 gnd
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