Philosophy

For courses in Business Ethics

 

This popular text on Business Ethics introduces the reader to the ethical concepts that are relevant to resolving moral issues in business; imparts the reasoning and anaytical skills needed to apply ethical concepts to business decisions; identifies moral issues specific to a business; provides an understanding of the social, technological, and natural environments within which moral issues in business arise; and supplies case studies of actual moral conflicts faced by businesses.

 

The ethical landscape of business is constantly changing and this edition has been revised to keep pace with those changes most effecting business: accelerating globalization, constant technological updates, proliferating of business scandals.

Do you combine theoretical concepts with real life cases in your course?

 

• NEW!  Sixteen completely new or revised end-of-chapter cases.  NEW CASES:  Slavery in the Chocolate Industry; Enron's Fall; Unocal in Burma; GlaxoSmithKline; Bristol-Myers Squibb, and AIDS in Africa; Archer Daniels Midland and the Friendly Competitors; The Ok Tedi Copper Mine; Gas or Grouse; The Ford/Firestone Debacle; Should Kroger Pay Now for what Ralphs' Employee Did Then; Wal-Mart Women; and Who Should Pay.  UPDATED CASES:  Playing Monopoly; Microsoft; AIDS and Needles, and The Gap.
  • Reflects the most current ethical issues in the business world.
• NEW!  Seventeen completely new short cases for the "On the Edge" sections of the chapters.  New short cases:  WorldCom's Whistleblower; Was National Semiconductor Morally Responsible?; Gun Manufacturers and Responsibility; Working for Eli Lilly and Company; Conflict Diamonds; ExxonMobil; Amerada Hess; Marathon Oil in Equatorial Guinea; Napster's, Grokster's and StreamCast's Revolution; Brian's Franchise; etc.
  • Updates the book to incorporate new ethical issues.
• NEW!  ABC News Business Ethics Video CD-ROM (ISBN 0-13-193009-5).  Prentice Hall with ABC News is pleased to provide this collection of videos from ABC News' award-winning programs that relate the concepts of business ethics to real-life stories and events. The programs present substantial content that will work well in the classroom and give the student a deeper understanding of the application of Business Ethics in the workplace. The programs included are: Enron; Unocal; AIDS; Microsoft Antitrust Trial; To Drill or Not to Drill; Ford and Firestone; Ralph's; Saipan. The videos are available on CD-ROM and a copy of the CD-ROM is included in every new copy of the book.
• NEW!  Added color, graphs, pictures, and other visual materials.
  • Increases the interest of visual learners.
• NEW!  Study questions at the beginning of each chapter.
  • Encourages students to think ahead about the issues of the chapter.
• NEW!  Definitions of key terms in the margins and in the glossary.
  • Ensures complete understanding of the material.
• NEW!  Summaries in the margin of the basic ideas discussed in the text.
  • Helps students learn to assess what the core issues are.
• NEW!  Updated discussions of globalization, technology, and recent business scandals.
  • Reflects the business ethics issues most relevant to today's businesses.
• NEW!  End-of-chapter web resources.
  • Directs students to where they can find more information.
• A two-chapter introduction (Part I) to basic ethical theory.  The fundamental view here is that ethical behavior is the best long-term business strategy.  Chapter 1 shows how we accept ethical standards and how such standards can be incorporated into our moral reasoning processes.  Chapter 2 critically discusses four types of moral principles:  utilitarian principles, principles based on moral rights, principles of justice, and the principles of an ethic of care.
• Two chapters dedicated to markets and price (Part II).
• Two chapters dedicated to environmental and consumer issues (Part III).
• Two chapters dedicated to employee issues (Part IV).
• Each chapter in Parts II-IV devotes several pages to laying out the empirical information that the decision-maker must have if he or she is to apply morality to reality.  For example, the chapter on market ethics provides a neoclassical analysis of market structure; the chapter on discrimination presents several statistical and institutional indicators of discrimination; the chapter on the individual in the organization relies on two models of organizational structure.
  • Gives students the real world information they need to apply a moral theory.
• Covers the abstract and the concrete.  Each chapter sets out the conceptual materials needed to understand and address some particular type of moral issue and includes short and long cases that describe real business situations in which these moral issues are raised.
  • Improves students' ability to reason about moral matters.

 

What support materials do you use in your course?

• Instructor's Manual with Tests-Provides summaries, lecture and discussion topics, and additional resources for each chapter.  Test materials include multiple-choice, essay, and short-answer questions.
• ABC NEWS Business Ethics Video CD-ROM-Includes eight segments from ABC News on topics relevant to the study of business ethics.  In addition, each segment corresponds to a case in the chapters. 
• Companion Website-Works with the text to provide students with additional study materials-including quizzes and primary source essay questions-and directs them to appropriate sources in business ethics available on the internet.  Cases from the previous editions are included on the site as additional assignment material.
• Research Navigator-Helps students make the most of their research time.  From finding the right articles and journals, to citing sources, drafting and writing effective papers, and completing research assignments, Research Navigator simplifies and streamlines the entire process.

NEW!  Sixteen completely new or revised end-of-chapter cases.  NEW CASES:  Slavery in the Chocolate Industry; Enron's Fall; Unocal in Burma; GlaxoSmithKline; Bristol-Myers Squibb, and AIDS in Africa; Archer Daniels Midland and the Friendly Competitors; The Ok Tedi Copper Mine; Gas or Grouse; The Ford/Firestone Debacle; Should Kroger Pay Now for what Ralphs' Employee Did Then; Wal-Mart Women; and Who Should Pay.  UPDATED CASES:  Playing Monopoly; Microsoft; AIDS and Needles, and The Gap.

• Reflects the most current ethical issues in the business world.

NEW!  Seventeen completely new short cases for the "On the Edge" sections of the chapters.  New short cases:  WorldCom's Whistleblower; Was National Semiconductor Morally Responsible?; Gun Manufacturers and Responsibility; Working for Eli Lilly and Company; Conflict Diamonds; ExxonMobil; Amerada Hess; Marathon Oil in Equatorial Guinea; Napster's, Grokster's and StreamCast's Revolution; Brian's Franchise; etc.

• Updates the book to incorporate new ethical issues.

NEW!  An ABC News CD-ROM with videos accompanies eight of the end-of-chapter cases.

• Brings the cases to life.

NEW!  Added color, graphs, pictures, and other visual materials.

• Increases the interest of visual learners.

NEW!  Study questions at the beginning of each chapter.

• Encourages students to think ahead about the issues of the chapter.

NEW!  Definitions of key terms in the margins and in the glossary.

• Ensures complete understanding of the material.

NEW!  Summaries in the margin of the basic ideas discussed in the text.

• Helps students learn to assess what the core issues are.

NEW!  Updated discussions of globalization, technology, and recent business scandals.

• Reflects the business ethics issues most relevant to today's businesses.

NEW!  End-of-chapter web resources.

• Directs students to where they can find more information.

 

Part One   Basic Principles

CHAPTER  1   Ethics and Business

Introduction

1.1 Business Ethics and Its Issues

                Morality

            Ethics

                Business Ethics

                Globalization, Multinationals, and Business Ethics

                Business Ethics and Cultural Differences

ON THE EDGE:   Business Ethics in Saudi Culture

        Technology and Ethics

1.2  Moral Development and Moral Reasoning

            Moral Development

    ON THE EDGE:  WorldCom's Whistleblower

            Moral Reasoning

                Analyzing Moral Reasoning

1.3 Arguments for and Against Business Ethics

            Three Objections to Bringing Ethics into Business

            The Case for Ethics in Business

1.4 Moral Responsibility and Blame

                ON THE EDGE:   Was National Semiconductor Morally Responsible?

                  Corporate Responsibility

                ON THE EDGE:  Gun Manufacturers and Responsibility

               Subordinates’ Responsibility

Cases for Discussion

Child Slavery in the Chocolate Industry

Enron's Fall  [ABC Video CDROM]

Web Resources

 

CHAPTER  2  Ethical Principles in Business

Introduction

2.1 Utilitarianism: Weighing Social Costs and Benefits

                    Traditional Utilitarianism

                    Measurement Problems

                    Utilitarian Replies to Measurement Objections

                   Problems with Rights and Justice

                   Utilitarian Replies to Objections on Rights and Justice

2.2 Rights and Duties

ON THE EDGE:  Working for Eli Lilly & Company

            The Concept of a Right

                    Negative and Positive Rights

                   Contractual Rights and Duties

            A Basis for Moral Rights: Kant

            The First Formulation of Kant’s Categorical Imperative

            The Second Formulation of Kant’s Categorical Imperative

                    Problems with Kant

            The Libertarian Objection: Nozick

ON THE EDGE:  Conflict Diamonds

2.3 Justice and Fairness

                    Distributive Justice

            Justice as Equality: Egalitarianism

            Justice Based on Contribution: Capitalist Justice

            Justice Based on Needs and Abilities: Socialism

ON THE EDGE:  ExxonMobil, Amerada Hess, and Marathon Oil in Equatorial Guinea

            Justice as Freedom: Libertarianism

            Justice as Fairness: Rawls

                   Retributive Justice

                   Compensatory Justice

2.4 The Ethics of Care

                   Partiality and Care

                   Objections to Care

2.5 Integrating Utility, Rights, Justice, and Caring

2.6 An Alternative to Moral Principles: Virtue Ethics

            The Nature of Virtue

            The Moral Virtues

            Virtues, Actions, and Institutions

            Virtues and Principles

2.7 Morality in International Contexts

Cases for Discussion

Publius

            Unocal in Burma  [ABC Video CDROM]

Web Resources

 

Part Two  The Market and Business

 

CHAPTER 3   The Business System: Government, Markets, and International Trade.

Introduction

                Economic Systems

3.1 Free Markets and Rights: John Locke

                   Criticisms of Lockean Rights

3.2 Free Markets and Utility: Adam Smith

                   Criticisms of Adam Smith

            The Keynesian Criticism

            The Utility of Survival of the Fittest: Social Darwinism

3.3 Free Trade and Utility: David Ricardo

                   Criticisms of Ricardo

3.4 Marx and Justice: Criticizing Markets and Trade

                    Alienation

ON THE EDGE:  Napster’s, Grokster’s, and Streamcast’s Revolution

            The Real Purpose of Government

ON THE EDGE:  Brian’s Franchise

3.5 Conclusion: The Mixed Economy

                    Property Systems and New Technologies

            The End of Marxism?

Cases for Discussion

GlaxoSmithKline, Bristol-Myers Squibb, and AIDS in Africa [ABC Video CDROM]

Accolade versus Sega

Web Resources

 

CHAPTER 4  Ethics in the Marketplace

Introduction

4.1 Perfect Competition

                   Equilibrium in Perfectly Competitive Markets

            Ethics and Perfectly Competitive Markets

4.2 Monopoly Competition

                    Monopoly Competition: Justice, Utility, and Rights

ON THE EDGE:  Drug Company Monopolies and Profits

4.3 Oligopolistic Competition

            Explicit Agreements

            Tacit Agreements

            Bribery

4.4 Oligopolies and Public Policy

             ON THE EDGE:  Fixing the Computer Memory Market

           The Antitrust View

           ON THE EDGE:  Oracle And Peoplesoft

            The Regulation View

Cases For Discussion             Playing Monopoly: Microsoft [ABC Video CDROM]             Archer Daniels Midland and the Friendly Competitors

Web Resources

 

Part Three   Business and Its External Exchanges: Ecology and Consumers

 

CHAPTER 5   Ethics and the Environment

Introduction

5.1 The Dimensions Of Pollution and Resource Depletion

ON THE EDGE:  The Aroma of Tacoma

            Water Pollution

                     Depletion of Species and Habitats

                     Depletion of Fossil Fuels

                     Depletion of Minerals

ON THE EDGE:  The Auto Companies in China

5.2 The Ethics of Pollution Control

                    Ecological Ethics

                    Environmental Rights and Absolute Bans

                    Utilitarianism and Partial Controls

            Private Costs and Social Costs

                    Remedies: The Duties of the Firm

            Justice

            Costs and Benefits

            Social Ecology, Ecofeminism, and the Demands of Caring

5.3 The Ethics of Conserving Depletable Resources

            Rights of Future Generations

            Justice to Future Generations

ON THE EDGE:  Exporting Poison

                     Economic Growth?

Cases for Discussion

The Ok Tedi Copper Mine     

            Gas or Grouse?  [ABC Video CDROM]

Web Resources

 

CHAPTER 6  The Ethics of Consumer Production and Marketing

Introduction

6.1 Markets and Consumer Protection

6.2 The Contract View of Business’ Duties to Consumers

            The Duty to Comply

            The Duty of Disclosure

            The Duty Not to Misrepresent

The Duty Not to Coerce

                    Problems with the Contractual Theory

ON THE EDGE:  The Tobacco Companies and Product Safety

6.3 The Due Care Theory

            The Duty to Exercise Due Care

                   Problems with “Due Care”

6.4 The Social Costs View of the Manufacturer’s Duties

ON THE EDGE:  Advertising Death?

Problems with the Social Costs View

6.5 Advertising Ethics

            A Definition

            Social Effects of Advertising

                    Advertising and the Creation of Consumer Desires

             Advertising and Its Effects on Consumer Beliefs

ON THE EDGE:  New Balance and the "Made in USA" label

6.6 Consumer Privacy

Cases for Discussion             Becton Dickinson and Needle Sticks

The Ford/Firestone Debacle [ABC Video CDROM]

Web Resources

 

Part Four   Business and Its Internal Constituencies:  Employee Issues

 

ON THE EDGE:  Johnson Controls' Fetal Protection Policy

on the edge:  Wall Street: It's A Man's World

ON THE EDGE:  Peter Oiler and Winn Dixie Stores

Cases for Discussion

Should Kroger Pay Now for What Ralphs' Employee Did Then? [ABC Video CDROM]

Wal-Mart Women

Web Resources

 

CHAPTER 8  The Individual in the Organization

Introduction

8.1 The Rational Organization

8.2 The Employee’s Obligations to the Firm

Conflicts of Interest

Employee Theft and Computers

Insider Trading

8.3 The Firm’s Duties to the Employee

Wages

Working Conditions: Health and Safety

Working Conditions: Job Satisfaction

8.4 The Political Organization

8.5 Employee Rights

Freedom of Conscience

The Right to Participate and Participatory Management

The Right to Due Process versus Employment at Will

ON THE EDGE:  Employment at Will at Howmet Corporation?

Employee Rights and Plant Closings

ON THE EDGE:  Swingline Moves

Unions and the Right to Organize

8.6 Organizational Politics

The Ethics of Political Tactics

8.7 The Caring Organization

Cases for Discussion             Gap's Labor Problems [ABC Video CDROM]

Who Should Pay?

Web Resources

 

Business Ethics  (Philosophy)

Manuel Velasquez is the former Director of Santa Clara University’s Markkula Center for Applied Ethics. He is now chair of the Department of Management at the Leavey School of Business at SCU. He is the author of numerous scholarly articles on Business Ethics.

Companion Website - Velasquez, 6/E
Velasquez
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131930176 | ISBN-13: 9780131930179
URL:  http://www.prenhall.com/velasquez

Companion Website - Velasquez, 6/E
Velasquez
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131930176 | ISBN-13: 9780131930179
URL:  http://www.prenhall.com/velasquez

Instructor's Manual, 6/E
Velasquez
©2006 | Prentice Hall | Paper; 112 pp | Instock
ISBN-10: 0131930087 | ISBN-13: 9780131930087
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Companion Website - Velasquez, 6/E
Velasquez
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131930176 | ISBN-13: 9780131930179
URL:  http://www.prenhall.com/velasquez

Common Philosophical Terms
Prentice Hall
©2005 | Prentice Hall | Paper; 72 pp | Instock
ISBN-10: 013189661X | ISBN-13: 9780131896611
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ISBN-10: 0205436951 | ISBN-13: 9780205436958

Philosophy Cafe Website (Open access)
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ISBN-10: 0321275853 | ISBN-13: 9780321275851
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ResearchNavigator.com Guide
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ISBN-10: 0205517196 | ISBN-13: 9780205517190

ResearchNavigator.com Guide
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ISBN-10: 020552396X | ISBN-13: 9780205523962

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ISBN-10: 0205594506 | ISBN-13: 9780205594504

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ABC News Videos for Business Ethics, 6/E
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©2006 | Prentice Hall | CD-ROM Only | Instock
ISBN-10: 0131930095 | ISBN-13: 9780131930094

Companion Website - Velasquez, 6/E
Velasquez
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131930176 | ISBN-13: 9780131930179
URL:  http://www.prenhall.com/velasquez

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