Business Ethics: A European Perspective Managing Corporate Citizenship and Sustainability in the Age of Globalization

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Format: Paperback
Pub. Date: 2004-01-01
Publisher(s): Oxford University Press
List Price: $69.81

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Summary

Business Ethics is an exciting, new student focused text which provides a comprehensive introduction to all aspects of European business ethics. It is the first business ethics textbooks to feature extensive coverage of the highly topical issues of corporate citizenship, globalization and sustainability. The first of the book covers the foundations of business ethics, including the nature of business ethics, the social role of the corporation, ethical theory, ethical decision making, and business ethics management. The second part applies these theories, concepts and tools to each of the corporation's major stakeholders. The book includes numerous cases, vignettes and examples that vividly bring to life the problems and practices of business ethics in Europe. It is written in a lively and accessible way, and the reader is provided with directed study questions, personal dilemmas and guidance for understanding and applying theory, making it an exciting and practical learning tool.

Author Biography

Dirk Matten is a Principal Research Fellow in Business Ethics, at Nottingham University Business School.

Table of Contents

List of Figuresp. xix
List of Boxesp. xxi
Introductionp. 1
Understanding Business Ethicsp. 5
Introducing Business Ethicsp. 7
What is business ethics?p. 7
Why is business ethics important?p. 12
Globalization: a new context for business ethics?p. 14
Sustainability: a new goal for business ethics?p. 20
Europe: a new perspective for business ethics?p. 26
Summaryp. 31
Study Questionsp. 32
Research Exercisep. 32
Mceurope: Mcdonald's Faces Ethical Criticism in Europep. 32
Framing Business Ethics: Corporate Responsibility, Stakeholders, and Citizenshipp. 37
Towards a framework for business ethicsp. 37
What is a corporation?p. 38
Corporate social responsibilityp. 41
Stakeholder theory of the firmp. 50
Corporate accountability: the firm as a 'political' actorp. 55
Corporate citizenshipp. 61
Summaryp. 70
Study Questionsp. 71
Research Exercisep. 71
The 'English Patient': BMW Withdraws from Rover Longbridgep. 71
Evaluating Business Ethics: Normative Ethical Theoriesp. 75
Introductionp. 75
The role of ethical theoryp. 76
Normative ethical theories: a European perspectivep. 78
Traditional ethical theoriesp. 79
Contemporary ethical theoriesp. 96
Summary: towards a pragmatic use of ethical theoryp. 104
Study Questionsp. 106
Research Exercisep. 107
A Bitter Pill: The Pharmaceutical Industry and Affordable Aids Drugs for Southern Africap. 107
Making Decisions in Business Ethics: Descriptive Ethical Theoriesp. 111
Introductionp. 111
Models of ethical decision-makingp. 112
Individual influences on ethical decision-makingp. 116
Situational influences on decision-makingp. 126
Summaryp. 137
Study Questionsp. 138
Research Exercisep. 138
Rogue Traders: Scandals in the Banking and Finance Industryp. 138
Managing Business Ethics: Tools and Techniques of Business Ethics Managementp. 143
Introductionp. 143
What is business ethics management?p. 144
Setting standards of ethical behaviour: designing and implementing codes of ethicsp. 148
Managing stakeholder relationsp. 156
Assessing ethical performancep. 162
Organizing for business ethics managementp. 170
Summaryp. 175
Study Questionsp. 176
Research Exercisep. 176
Shell Shocked: Has Shell Moved Towards a New Way of Managing Business Ethics?p. 176
Contextualizing Business Ethics: The Corporate Citizen and its Stakeholdersp. 181
Introduction to Part IIp. 181
Shareholders and Business Ethicsp. 183
Introduction: reassessing the importance of shareholders as stakeholdersp. 183
Shareholders as stakeholders: understanding corporate governancep. 184
Ethical issues in corporate governancep. 190
Shareholders and globalizationp. 201
Shareholders as citizens of the corporationp. 206
Shareholding for sustainabilityp. 213
Summaryp. 217
Study Questionsp. 218
Research Exercisep. 218
Derailing Privatization: Rail Track, Shareholders, and the 'Travelling Public'p. 219
Employees and Business Ethicsp. 223
Introductionp. 223
Employees as stakeholdersp. 224
Ethical issues in the firm-employee relationp. 226
Employing people worldwide: the ethical challenges of globalizationp. 252
The corporate citizen and employee relations in a varied European contextp. 256
Towards sustainable employmentp. 257
Summaryp. 260
Study Questionsp. 261
Research Exercisep. 262
Unhealthy Business: Junior Doctors and Excessive Working Hoursp. 262
Consumers and Business Ethicsp. 265
Introductionp. 265
Consumers as stakeholdersp. 266
Ethical issues and the consumerp. 269
Globalization and consumers: the ethical challenges of the global marketplacep. 283
Consumers and corporate citizenship: consumer sovereignty and the politics of purchasingp. 288
Sustainable consumptionp. 292
Summaryp. 298
Study Questionsp. 299
Research Exercisep. 299
Boycotting the 'Baby Killers'? Nestle and the Ongoing Infant Formula Controversyp. 299
Suppliers, Competitors, and Business Ethicsp. 303
Introductionp. 303
Suppliers and competitors as stakeholdersp. 304
Ethical issues and suppliersp. 307
Ethical issues and competitorsp. 318
Globalization, suppliers, and competitors: the ethical challenges of global business networksp. 322
The corporate citizen in the business community: ethical sourcing and fair tradep. 328
Sustainability and business relationships: towards industrial ecosystems?p. 334
Summaryp. 337
Study Questionsp. 338
Research Exercisep. 338
The Spying Game: Allegations of Industrial Espionage at Unilever, Canal Plus, and Ericssonp. 339
Civil Society and Business Ethicsp. 343
Introduction: what is civil society?p. 343
Civil society organizations as stakeholdersp. 346
Ethical issues and CSOsp. 351
Globalization and civil society organizationsp. 364
Corporate citizenship and civil society: charity, collaboration, or regulation?p. 369
Civil society, business, and sustainabilityp. 378
Summaryp. 382
Study Questionsp. 382
Research Exercisep. 383
From Conflict to Collaboration? Greenpeace's Greenfreeze Campaignp. 383
Government, Regulation, and Business Ethicsp. 387
Introductionp. 387
Government as a stakeholderp. 388
Ethical issues in the relation between business and governmentp. 393
Globalization and business-government relationsp. 409
Corporate citizenship and regulation: business as key player in the regulatory gamep. 415
Governments, business, and sustainabilityp. 426
Summaryp. 430
Study Questionsp. 430
Research Exercisep. 431
Mixing Oil and Kohl: Elf, Leuna, and Allegations of Political Corruption in France and Germanyp. 431
Conclusions and Future Perspectivesp. 435
Introductionp. 435
The nature and scope of business ethicsp. 436
Globalization as a new context for business ethicsp. 436
Sustainability as a new goal for business ethicsp. 437
Business ethics in a European contextp. 438
The role of different stakeholder constituencies in business ethicsp. 439
Corporate citizenship as a new concept in business ethicsp. 441
The contribution of normative ethical theories to business ethicsp. 442
Influences on ethical decision-makingp. 443
The role of management tools in business ethicsp. 443
Summaryp. 444
Study Questionsp. 445
Research Exercisep. 445
No Laughing Matter: The Ilisu Dam Project in Turkeyp. 445
Referencesp. 449
Subject Indexp. 468
Authors Indexp. 474
Countries and Regions Indexp. 479
Companies, Organizations, and Brands Indexp. 481
Table of Contents provided by Rittenhouse. All Rights Reserved.

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