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Full Description
"Business & Professional Ethics," 10th Edition, demonstrates that it's not just about learning rules, but about learning how to use ethical strategies, make ethical decisions and integrate the latest information on ethics and governance scandals, legal liability and professional accounting and auditing issues. Understanding why ethical behavior is so important to success and knowing potential pitfalls are key to your own success. This edition provides 164 cases, including classic frauds, bankruptcies, loss of reputation and unprofessional practices. Cases provide excellent opportunities for role playing and for developing your understanding of soft skills, including communications, persuasion, presentation, leadership and a global mindset. Regardless of your chosen area of interest, your knowledge of business and professional ethics is vital to your success.
Contents
1. ETHICS EXPECTATIONS.
The Ethics Environment for Business: The Battle for Credibility, Reputation & Competitive Advantage. New Expectations for Business. Responses & Developments. The Ethics Environment for Professional Accountants. Managing Ethics Risks & Opportunities.
New discussions on risk identification, the social license to do business, social investing, AI ethics, questionable marketing of talcum- based baby powder and the related bankruptcy practice of Johnson & Johnsons (i.e. the Texas Two-Step), NOCLAR rule adoption developments and many recent key business scandals. Questions. Reading Insights. References. Case Insights. ETHICS CASES involving (number of cases): Challenges of AI (1). Questionable Business Models (3). Improper Behavior (4). Advertising & Sales promotion (2). Financial Transactions (2). Control of Information (2). Environmental Issues (3). Product Safety (4). Accounting & Auditing (2).
2, ETHICS & GOVERNANCE SCANDALS.
Timeline of Important Events. Early Developments Prior to 1970. Prelude to the Governance Crisis 1970-1990. Governance Reform 1990-2020. Enforcement Brings Realization 2020-2024. Significant Ethics & Governance Scandals & Events. Signs of Ethical Collapse. Trends. Timetables of Important Events, 1929-2024. New discussions on the problems of Boeing, the Opioid Fiasco, the crypto king who died, the talc disaster that got J & J dancing the Texas Two-Step, the Theranos Fraud, and the FTX Bankruptcy. Cases and an expanded description have also been added related to the subprime lending fiasco discussion while the full chapter on the subject has been moved to the digital archive for the book. Useful Video & Films. Questions. References. Case Insights. ETHICS CASES: Enron, Arthur Andersen, WorldCom. LIBOR Manipulations, Subprime Mortgage Meltdown. Deutsche Bank's Cultural Disaster. Bernie Madoff Scandal. Theranos, FTX Bankruptcy. Wal-Mart Bribery, GM Ignition Faults, VW Cheats on Emissions Tests. General Motors installed faulty ignition switches. Takata air bags explode injuring passengers with metal shrapnel. Volkswagen software defeats environmental exhaust emissions testing. Valeant Pharmaceuticals and Turing Pharmaceuticals bought drugs and jumped prices.
3. ETHICAL BEHAVIOR—PHILOSOPHERS' CONTRIBUTIONS 127.
Ethics & Moral Codes. Ethics & Business. Self-Interest & Economics. Ethics, Business & The Law. Major Ethical Theories Useful in Resolving Ethical Dilemmas. Moral Imagination. New discussion on opportunistic pricing during COVID has been added as well as three new vignettes economic self-interest, selling drugs at cost, and virtue expectations. Questions. Case Insights. Useful Video & Film. References. ETHICS CASES about improper behavior (7). An Illustration of Ethical Decision Making. Spy versus Spy: Corporate Espionage in the Canadian Airline Industry. Art Forgeries: Is Deceiving Art Experts Unethical? Matt Colvin Buys Hand Sanitizers, Deciding Who Receives the Swine Flu Vaccine. Insurance and Genetically Inherited Diseases, The Case of Cesar Correia.
4. PRACTICAL ETHICAL DECISION MAKING.
Introduction. Motivating Developments for Ethical Learning. Ethical Decision Making Framework (EDM)—An Overview. Philosophical Approaches—An Overview: Consequentialism (Utilitarianism), Deontology, & Virtue Ethics. Sniff Tests & Common Heuristics—Preliminary Tests of Ethicality. Stakeholder Impact Analysis—Comprehensive Tool for Assessing Decisions & Actions. Stakeholder Impact Analysis: Modified Traditional Decision-Making Approaches. Hybrid Analyses - Extending & Blending the Traditional Decision-Making Approaches. Integrating Philosophical & Stakeholder Impact Analysis Approaches. Other Ethics Decision-Making Issues.
A Comprehensive Ethical Decision-Making Framework. An introduction of the concept of double materiality for sustainability issues has been included as well as a new case has been added that focuses attention on important objectives, and new vignettes have been added on ethics vs.
