Business Ethics (5th Edition)

Author: Hosmer Authored
Publisher:
Publish Date: 2005-11-01
Features: The author, Professor Larry R. Hosmer, is a renowned figure in the field of business ethics. As early as 1984, he began teaching the "Business Ethics" course at the University of Michigan. Professor Hosmer believes that dilemmas often arise in management where some individuals may benefit greatly while others suffer significantly; some groups' rights may be recognized while others' rights are violated. When facing such dilemmas in management, how can one find a balance point that is "correct," "just," and "fair"? In this book, Professor Hosmer proposes a concise analytical framework to address this issue. By following seven steps, readers can hope to resolve the ethical challenges that frequently perplex business professionals and achieve a transformation from disunity to unity within the company. The book moves beyond trivial philosophical discussions on ethics and instead relies on vivid real-life examples to explain business ethics. New cases include:◎ Questions raised about the behavior of Tyco International Ltd.'s chairman;◎ The 9/11 terrorist attacks and victim compensation;◎ Martha Stewart and the sale of ImClone stock;◎ The retirement bonus issue of the chairman of the New York Stock Exchange;◎ Enron, the company in need of restructuring.