Business Ethics in the 21st Century (Issues in Business Ethics)
Language: English
Pages: 235
ISBN: 9400762224
Format: PDF / Kindle (mobi) / ePub
This work provides a critical look at business practice in the early 21st century and suggests changes that are both practical and normatively superior. Several chapters present a reflection on business ethics from a societal or macro-organizational point of view. It makes a case for the economic and moral superiority of the sustainability capitalism of the European Union over the finance-based model of the United States. Most major themes in business ethics are covered and some new ones are introduced, including the topic of the right way to teach business ethics. The general approach adopted in this volume is Kantian. Alternative approaches are critically evaluated.
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The interests of the stockholders. The managers of an organization with a moral climate recognize that the interests of various stakeholders have intrinsic value. Of course, we need to elaborate further on the nature of a moral climate. However, stakeholder theory provides the basic moral framework for organizational integrity. 186 11 Organizational Integrity and Moral Climates Seven Substantive Moral Principles I have argued elsewhere and will here assume that morality requires that a.
Ethics 3. Thus other things being equal, market forces will favor the development of at least a common core of ethical standards. Thus all MNC’s will ultimately tend to adopt nearly identical standards whatever their beliefs of the competitive advantage of ethical commitments. Up to this point I have not specified what ethical values are necessary to give a MNC a good reputation and provide it with a competitive advantage. I suggest two, a commitment not to bribe, and a commitment not to.
From working could provide freedom to obtain a number of one’s important goals even at the cost of giving up freedom in the workplace. Free choices do constrain. Now as Ciulla points out there seems to be a correlation between higher paying jobs and the amount of freedom one has-both negative and positive. That is an important observation and provides a reason why I think we should pay more attention to issues of freedom for lower paid workers. It is harder to provide meaningful work in retail.
Although it is unique in the literature and certainly could be the subject of critical comment. Put in a more formal way than I did in the book, the argument would run as follows: 1. In a publicly held firm the managers have entered into a contract with the stockholders; 2. A contract is a type of promise 3. The terms of the contract are that the managers should attempt to maximize profits for the stockholders (Milton Friedman) or should have a major concern for profit (stakeholder theory or.
It has an end point in terms of hope, freedom, solidarity, democracy etc. I want a foundation for these values. So I appeal to respect for persons, for example. But what if someone argues, “Why should we respect people?” That is a fair question and Kant tried to answer that question by appealing to rationality and autonomy. Kant argues that each of us believes that we have a dignity and are entitled to respect. To be a creature that has dignity and is entitled to self respect requires that one be.