W. Jim Jordan, Andrew Stumpf, Chris Wass, Vanessa Correia, Dylon McChesney, Jamie Sewell, and others
Edited by Gregory G. Andres
List of Boxes and Case Studies
Preface
A Note to Instructors
From the Publisher
Introduction
What This Text is About
Features of This Book
Being an Ethical Disruptor
A Note on Game Theory and Philosophy
Our Challenge to the Reader
1. Business Ethics and
Ethical Business
A Modest Approach to Ethics
Ethics is More Than Opinion
Ethical Relativism
In Support of Ethical Relativism
Problems with Ethical Relativism
A Middle Way: Humble Objectivism
Humble Objectivism and Ethical Pluralism
The Place of Ethics in
Business
Why Should Businesspeople Want to Be Ethical?
The Social Context of Business Activity
The Social Responsibilities of Business
The Market-Failures Approach to Ethics
Everyday Norms and Business Norms
The Ten Commandments of Business Ethics
Summing
Up
For Discussion and Review
Further Reading
2. Thinking in Ethical Terms
Deontological Ethics: Duty, Principles, and Rights
Kant's Categorical Imperative
Ross's Prima Facie Duties
Rights-Based Deontological Ethics
Utilitarianism
Virtue Ethics
Ethics of
Care
The Capability Approach
Capabilities
Which Capabilities?
Summary of Ethical Theory
Living with Your Decisions: A Clear Conscience
Private and Public Domains
Accepting Moral Tragedy
The Light of Day and How to Sleep at Night
Summing Up
For
Discussion and Review
Further Reading
3. Ethical DecisionMaking
Private and Public Morality Revisited
Ethical Pluralism Revisited
Moral Disagreements
Stakeholders: Whose Interests Matter?
Value Conflicts
Making Ethical Decisions
Moral Intuition versus Moral
Reasoning
Bias and Decision Making
An Ethical Decision-Making Model
Step 1: Identify Relevant Facts
Step 2: Identify Relevant Stakeholders and Ethical Issues
Step 3: Identify Stakeholder Values and Conflicts
Step 4: Create Resolution Strategies and Identify
Consequences
Step 5: Assess the Strategies
Step 6: Recommend and Defend a Resolution Strategy
The Payoff
Dirty Hands
Summing Up
For Discussion and Review
Further Reading
4. Corporate Social Responsibility
Profitability and Legality
Business as War
Strong Fiduciary Responsibility
Weak Fiduciary Responsibility
The Invisible Hand
Theories of Corporate Social Responsibility
Applying Stakeholder Theory: Triple Bottom Line
Pyramid of Corporate Responsibility
Three-Domain Model
An Argument for Corporate Social
Responsibility
Summing Up
For Discussion and Review
Further Reading
5. Fairness and Non-Discrimination
Equal Opportunity as Fairness
Rawls on Justice as Fairness
The Harms of Injustice
Workplace Inequalities
Wage Gap
Implicit Bias and the Workplace
Tips to Control for Bias
Accommodation
Barriers to Access
Religious Accommodation
Sexual Harassment
Ethnocentric Harassment
Why Should I Care?
Personal Affect
Corporate Profit
Moral Obligation
Personal Protection
Resources
Canadian
Charter of Rights and Freedoms
Canadian Human Rights Act
Canadian Human Rights Commission
Employment Equity Act (2010)
Federal and Provincial Accessibility Legislation
Occupational Health and Safety
International Labour Organization
Summing Up
For
Discussion and Review
Further Reading
6. Social Action Problems
The Social Contract and Enlightened Self-Interest
Social Action Problems
The Prisoner's Dilemma
The Free-Rider Problem
Moral Hazard
The Game of Chicken
Social Action Problems in the Wild
Unhealthy Competition
The Principal-Agent Problem
Dirty Dishes
Pre-Emptive Strikes
"But They're Doing It!"
Trust, Coordination, and the Benefits of Co-Operation
Summing Up
For Discussion and Review
Further Reading
7. Environment, Ethics, and
Business
The Value of Nature
Two Types of Value
Instrumental Value
Intrinsic Value
Whence Catastrophe?
Shared Study Space
Agriculture in Kansas
Reframing the Environmental Conversation
Light Green Approach
Market Green Approach
Stakeholder
Green Approach
Dark Green Approach
Hybrid Strategies
Bargaining and the Coase Theorem
The Features of the Coase Theorem
Internalizing Externalities: An Application of the Coase Theorem
The Limits of the Coase Theorem
Climate Justice: Environmental Harm and
Marginalized Peoples
Summing Up
For Discussion and Review
Further Reading
8. The Power of Advertising
Ethical Issues in Advertising
Canadian Advertising Regulations
Bypassing Rationality
Framing Information
Appealing to Emotion
Priming and
Deception
How Advertising Harms
Gender Roles
Abuse
Racism
Body Image and Sexuality
Summing Up
For Discussion and Review
Further Reading
9. Corporate Governance and Perverse Incentives
Corporate Structure
Shareholders
Directors or
Trustees
Officers and Executives
Managers and Working Staff
Principals and Agents
The Principal-Agent Relationship
Principal-Agent Problems
Perverse Incentives
Setting Up for a Fall
Dodging the Consequences
When All Else Fails
Summing Up
For
Discussion and Review
Further Reading
10. Strategic Negotiations
Strategic Moves
Credibility
Making Strategic Moves
Resisting Strategic Moves
Strategic Sanctions
Strategic Moves and Social Action Problems
Acing the Exam Strategically
Inflationary
Incentives
Heavy Lifting and Heavy Metal
Ethical Disputes
Positions and Interests
Types of Bargaining
Skills and Attitudes
Applying the Concepts
Social Media and Privacy
Summing Up
For Discussion and Review
Further Reading
11. Whistle-Blowing and
Codes of Ethics
Professional Expectations and Codes of Ethics
Internal Reporting Mechanisms
Overcoming Internal Obstacles
How to Think about Whistle-Blowing
A Public Act
A Conflict between Public and Private Morality
A Matter of Public Duty
To Blow the
Whistle or Not to Blow the Whistle?
What Are My Options?
Summing Up
For Discussion and Review
Further Reading
12. Concluding Thoughts
Pre-Market Ethics
Pro-Social Business
Strategic Co-Operation
From the Gallery into the World
For Discussion and
Review
Appendix A: Ethical Decision-Making Model Worksheets
Appendix B: A Primer on Game Theory
Appendix C: Concept Check Answers
Notes
Glossary
Index
Instructor's Manual
For each chapter:
- Chapter overview
- Learning objectives
- Key concepts/terms
- 3-5 discussion or debate ideas
- 1-3 class assignments and activities
- 2 suggested lecture topics
- Teaching Aids
-- 5-6 further readings
--3-5 recommended videos and websites
Test Bank
For each chapter:
- 20-30 multiple-choice questions
- 15-20 true-or-false questions
- 3-5 short-answer questions
- Answer Key
Image Bank
- Photos, figures, and tables found throughout the text
- Alt-text
included for all images
PowerPoints
For each chapter:
- 20-25 lecture slides
Student Resource
- Links to online video demonstrations of how to read game tables (as per game theory)
Editor:
Gregory G. Andres is a lecturer in the Department of Philosophy at the University of Waterloo.
Authors:
W. Jim Jordan is a PhD candidate in the Department of Philosophy at the University of Waterloo.
Andrew Stumpf is an assistant professor
in Philosophy at St. Jerome's University in Waterloo.
Chris Wass is a PhD student in the Department of Philosophy at the University of Waterloo.
Vanessa Correia is a faculty member at Conestoga College and a PhD candidate at the University of Waterloo.
Dylon
McChesney is a PhD candidate in the Department of Philosophy at the University of Waterloo, where he has been teaching business ethics since 2015.
Jamie Sewell is a PhD candidate in the Department of Philosophy at the University of Waterloo.
Sara Weaver is a graduate from the
PhD program in the Department of Philosophy at the University of Waterloo.
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