We all expect life to be reasonably fair. This unit examines business ethics and how taking an ethical stance affects businesses both internally and externally, including the effects on stakeholders. Note that this theory is not necessarily concerned with the welfare of others. and more. Do a Power point presentation covering all the chapters of the book "Understanding Business Ethics", by Peter Stanwick and Sarah Stanwick, with the main points. For assistance with your order: Please email us at textsales@sagepub.com or connect with your SAGE representative. When an action affects the majority adversely, it is morally wrong. Also held to be fundamental is the right to privacy in many matters. Microeconomics: Zeroing in on Businesses and Consumers, 9. Or what about the small Texas plastics manufacturer that employed over 100 people and specialized in the Latin American market? From Motivation Theory to Application, X. Certain rights are guaranteed by the government and its laws, and these are considered legal rights. Legal rights include the freedom of religion, speech, and assembly; protection from improper arrest and searches and seizures; and proper access to counsel, confrontation of witnesses, and cross-examination in criminal prosecutions. Bestselling authors Peter A. Stanwick and Sarah D. Stanwick explain the fundamental importance of ethical leadership, decision making, and strategic planning … Hello, would you like to continue browsing the SAGE website? This can include a number of different situations, including how a … The unauthorized use of someone... Justice—The Question of Fairness. Trends in Ethics and Corporate Social Responsibility, 22. Password-protected Instructor Resources include the following: “Great textbook, with relevant cases from the real world.”, “Excellent book with proper framing and interesting analyzes in various areas/fields, with special emphasis on practical cases.”. Pulling It Together: Resource Planning, 87. Managing Human Resources and Labor Relations, 62. Instructor's Manual and Test Bank for Understanding Business Ethics Stanwick & Stanwick ©2009. is completely open-access and offers a wide range of additional features, including something no other publisher offers: SAGE Journal articles! Filled with real-world case studies and examples of ethical dilemmas. Today he is running late. Trends in Human Resource Management and Labor Relations, 79. to be acting. The Third Edition features new cases from well-known companies such as Disney and General Motors, new coverage of emerging topics such as big data and social media, expanded coverage of corporate social responsibility, and more. The best textbook I’ve ever found is the Stanwicks’ masterpiece. Simply provide your institutional information for verification and within 72 hours you’ll be able to use your login information for any SAGE title! Instructor's Manual and Test Bank for Understanding Business Ethics. I. Because the market places different values on different occupations, the rewards, such as wages, are not necessarily equal. The term human rights implies that certain rights—to life, to freedom, to the pursuit of happiness—are bestowed at birth and cannot be arbitrarily taken away. are included for further research and insights. This section describes personal philosophies and legal factors that influence the choices we make when confronting an ethical dilemma. They broke into flooded stores, taking food and bottled water without paying for them. Business ethics concerns ethical dilemmas or controversial issues faced by a company. Bribes were part of the culture in his major markets. Entrepreneurship — Lesson 117 Understanding Business Ethics. This is an excellent book, well structured and clear content, whit a very practical approach on business and a lot of examples. It works well, but I still find that I need to supplement it with more "meaty" materials on financial, marketing, and human capital management. Understanding the importance of ethics in human resources is crucial for any business owner, whether in a local startup or a multinational powerhouse. Say, for example, a technician for Orkin Pest Control has decided that it’s his ethical duty (and is very practical) to always be on time to meetings with homeowners. You expect your exams to be fair, the grading to be fair, and your wages to be fair, based on the type of work being done. Understanding business ethics. help launch classroom interaction by prompting students to engage with the material and by reinforcing important content. Those rights can be disregarded only in extreme circumstances, such as during wartime. [Peter Allen Stanwick; Sarah D Stanwick] Home. Together, we look at what influences people's decisions - why good people might end up doing bad things - and we discuss practical ways in which your organisation can promote the desired behaviours. Using an applied approach, this text helps students understand why and how business ethics really do matter! Trends in Entrepreneurship and Small-Business Ownership, VI. To Casey and Olive, Sarah, Olivia, John, and Bill, who have given me invaluable ethical guidance in my role as son, husband, father, and brother. The environment in which we live and work also plays a role in our behavior. Management and Leadership in Today's Organizations, 47. 11 Understanding Business Ethics Recognizing Unethical Business Activities. Making Ethical Decisions and Managing a Socially Responsible Business, 12. Conflicts of Interest. Business ethics is the study of how a business should act in the face of ethical dilemmas and controversial situations. Write a summary of the chapters from the book, including notes in every slide. Looking for a Better Way: Improving Production and Operations, 88. Make Your Future Happen: Learn to Plan, 149. To a number of people, however, the “costs” are simply too horrible for this type of research to continue. They will produce very consistent decisions, because they will be based on the individual’s set duties. Search. How is he supposed to drive? So, in a nutshell, here is what we regard the subject of business ethics as:Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed.It is worth stressing that by 'right' and 'wrong' we mean morally right and wrong, as opposed to, for example, commercially, strategically, or fi nancially right or wrong. I did adopt this text for 2016 - 2017 but I am not finding it what I need. Small Business: Driving America's Growth, 42. Filled with real-world case studies and examples of ethical dilemmas, Understanding Business Ethics, Third Edition prepares students and managers alike to make ethical decisions in today’s complex, global environment. One problem with this philosophy is that it is nearly impossible to accurately determine how a decision will affect a large number of people. This scenario of conflicting obligations does not lead us to a clear ethically correct resolution, nor does it protect the welfare of others from the technician’s decision. Bestselling authors Peter A. Stanwick and Sarah D. Stanwick explain the fundamental importance of ethical leadership, decision making, and strategic planning while examining emerging trends in business ethics such as the developing world, human rights, environmental sustainability, and technology. Another problem is that utilitarianism always involves both winners and losers. Ethics is a set of moral standards for judging whether something is right or wrong. UNDERSTANDING BUSINESS ETHICS first edition The Foundation of Ethical Thought 1 Introduction 2. According to this approach, people should act so as to generate the greatest good for the greatest number. Integrity. Few people would call that ethical behavior. It might look like a crowded work floor with only one means of exit. Case 17: Apple Outsourcing in China: iSweatshop? —PAS To Peter, Olivia, and John—the three most important reasons for staying on an ethical track, and to Your students will love it.”, —Volker Brecht, Southern University at New Orleans. The Impact of Multinational Corporations, 29. Packed with real-world examples and cases, this fully updated edition of Understanding Business Ethics prepares students for the ethical dilemmas they may face in their chosen careers by providing broad, comprehensive coverage of business ethics from a global perspective. Format On-line Supplement ISBN-13: 9780131735439: Availability: Live. The first step in understanding business ethics is learning to recognize an ethical issue . Today we take justice to mean an equitable distribution of the burdens and rewards that society has to offer. We help you to understand what business ethics means and to build the case internally for investing time and resources in promoting ethical behaviour. A utilitarianism approach to setting personal ethical standards focuses on the consequences of an action taken by a person or organization. Please include your name, contact information, and the name of the title for which you would like more information. Case 16: Music Industry: Ethical Issues in a Digital Age. In our society, individuals and groups have certain rights that exist under certain conditions regardless of any external circumstances. Authority—Establishing Organizational Relationships, VIII. ?Elmo Covered in Lead Paint, Case 13: GM and the Ignition Switch: It Is Deja Vu All Over Again. Filled with real-world case studies and examples of ethical dilemmas, Understanding Business Ethics, Third Edition prepares students and managers alike to make ethical decisions in today’s complex, global environment. Understanding Business Ethics $59.95 Only 1 left in stock - order soon. For example, unsafe working conditions are generally considered unethical because they put workers in danger. Understanding Ethics 1. Every human is entitled to certain rights such as freedom and the pursuit of happiness. Get Your Career Off on the Right Track, Understanding the Legal and Tax Environment, Making Ethical Decisions and Managing a Socially Responsible Business, Ethics is a set of moral standards for judging whether something is right or wrong. Learners will explore the social implications of business ethics on a wide range of business activities that affect the organisation itself and the external environment. The Production Process: How Do We Make It? Create lists, bibliographies and reviews: or Search WorldCat. An ethical issue is a situation where someone must choose between a set of actions that may be ethical or unethical. Should he start paying bribes in order to stay in business? Case 24: BP and the Deepwater Horizon Disaster: “I Would Like My Life Back”, Case 25: Greyston Bakery: The Zen of Philanthropy, Business Administration, Northern Arizona University, Business Administration , University of Ontario Institute of Technology, Business Administration , Concordia University. If sales are slowing and a manager decides to fire five people rather than putting everyone on a 30-hour workweek, the 20 people who keep their full-time jobs are winners, but the other five are losers. Understanding Business Ethics 1. code of ethics 2. ethics 3. ethical dilemmas 4. guilt 5. hacker 6. honesty 7. physics 8. reputation 9. role model 10. scruples 11. trust 12. unethical 13. values Suggestions for using Biz Terms include: Have students research and write dictionary definitions. Taking things that don’t belong to you. Using Teams to Enhance Motivation and Performance, 56. Is the technician supposed to speed, breaking his duty to society to uphold the law, or is he supposed to arrive at the client’s home late, breaking his duty to be on time? These rights serve as guides when making individual ethical decisions. New chapters & case studies are good additions. For example, Martin Shkreli, former CEO of Turing Pharmaceuticals, raised the price of a drug used for newborns and HIV patients by more than 5000 percent, defending the price increase as a “great business decision.”. Case 19: Tokyo Electric Power and the Fukushima Daiichi Nuclear Power Disaster: A Tsunami of Problems, Case 20: Tyco: I’m Sure That It’s a Really Nice Shower Curtain, Case 21: Olympus: A Corporate Governance Picture That Was Out of Focus, Case 22: Wal-Mart: But We Do Give Them a 10% Employee Discount. An ethical issue is a situation where someone must choose between a set of actions that may be ethical or unethical. Change location, October 2015 | 600 pages | SAGE Publications, Inc, Chapter 1: The Foundation of Ethical Thought, Chapter 2: The Evolving Complexities of Business Ethics, Chapter 3: Stakeholders and Corporate Social Responsibility, Part II: Internal Focus of Ethical Issues, Chapter 4: Ethics and Financial Reporting, Chapter 5: Ethical Leadership and Corporate Governance, Chapter 6: Strategic Planning, Corporate Culture, and Corporate Compliance, Chapter 7: Decision Making and Human Resource Issues, Part III: External Focus of Ethical Issues, Chapter 9: Ethics and Information Technology, Chapter 11: Ethical Issues in the Developing World, Part IV: Developing and Evaluating a Strong Ethical Focus, Chapter 12: Establishing a Code of Ethics and Ethical Guidelines, Case 1: Bernard Madoff: How “One Big Lie” Can Destroy Thousands of Lives, Case 2: Siemens: How the Greased Wheels Slid off the Ethical Track, Case 3: TOMS Shoes: Helping Soles All Over the World, Disney Citizenship: Lending a Mouse Ear to Hear How to Help Society, Case 4: World Food Programme: A Quarter a Day Keeps the Hunger Away, Case 5: Rupert Murdoch and News Corporation: All the News That’s Fit to Hack. Higher profits. Achieving High Performance through Human Resources Management, 70. Reportedly, the backs of animals a year are deliberately broken so that scientists can conduct spinal cord research that could someday lead to a cure for spinal cord injuries. Understanding Ethics MS. PREETI BHASKAR ASSISTANT PROFESSOR ICFAI BUSINESS SCHOOL 2. The first step in understanding business ethics is learning to recognize an ethical issue. Format On-line Supplement ISBN-13: 9780131735439: Availability: Available Formats. You probably have read much about the basics of ethics, leadership, stewardship, morality and social responsibility. This text provides a comprehensive overview of Business Ethics with a firm grounding in the various ethical approaches. Has competing professional … instructor 's Manual and Test Bank for understanding business ethics can be defined as of... And examples of ethical dilemmas and strategic Management of business Organization, Entrepreneurship! 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