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This is an engaged and extremely well-informed book on business and business ethics in a society with political and social-economic crises. As an engaging and engaged effort to bring a nexus between business ethics and business practices in any human society, the book invites the reader to partake in pressing debates on business ethics in times of crisis. The book provides a much needed interdisciplinary approach and marshals an extraordinary array of social and intellectual resources that positively inspire business people and business making. It is wholesome and systematic in its articulatio
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Providing objective coverage of theories, corporate social responsibility, human resources issues, consumer protection, and ethical issues in marketing and advertising, this is an ideal supplement for business ethics courses or as a reference for students and practitioners who would like to learn more about the basics of business ethics.
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Governance is very much a current concern in the public interest. The global economic recession, from which we are just emerging, has highlighted failures in governance and regulation with much blame being laid at the feet of regulators and demands for perpetrators to be sanctioned accordingly. A key to managing the prevention of future financial crisis is concerned with the recognition and regulation of a truly global market for finance, trade, labour etc. and accepting that there are different perspectives from different parts of the world. Published in association with the Social Responsibility Research Network, Volume 2 in this new and exciting series recognises these issues and takes a global interdisciplinary perspective to the matter of governance in the business environment. Contributions range from the UK, Portugal and Belgium to Brazil, Japan, China and Malaysia, and topics of investigation include: governance and the management of global markets; governance mechanisms of strategic alliances in the Japanese car industry; multinational corporations and democratic governance; market governance to governance in the market - a return to old order; and a socio-legal framework for governance.
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"Recent evidence readily confirms that ethical conduct in human interaction has declined in the context of business, but also in virtually every phase of life. An alarming number of government leaders at all levels have demonstrated by their conduct that their primary goal is the pursuit of self-interest for themselves, their party, and their constituents - regardless of whether the choices they make are in the long-term best interests of those whom they are obligated to serve. Academic institutions and their leaders similarly seem to be either tied to past assumptions and traditions that seem, or blatantly out of touch with the needs of their students and the communities that they serve. Increasingly, college and university academic programs are being taught by part-time and temporary faculty who are paid less than their elementary and high school counterparts who lack their educational preparation, level of knowledge, or responsibility in preparing students for their chosen careers. Non-governmental organizations also struggle to earn the respect of the public, and their trustworthiness has been called into question as chief executive officers and staff receive high salaries, but lack accountability for achieving results or acting with integrity. Those who work in the media are as a group no longer trusted to provide an objective and unbiased assessment of the news. Even religious institutions are under attack and their leaders are being asked to be accountable to the standards which their doctrines advocate. Implicit in ethical conduct is the responsibility to identify the far goals of human achievement - rather than short-term interests that undermine long-term value creation and outcomes that best serve society. Abraham Maslow has wisely noted that the pursuit of efficiency must be evaluated in terms of the specific goals intended to be achieved, but the ramifications of individual and collective actions often seem to be out of focus, misdirected, and short-sighted"--
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The tapestry of human behaviour in the marketplace today is turbulent, unpredictable, and chaotic. Yet it is also so diverse, rich and global that it presents a rare ethical and moral opportunity, and challenge, to out-behave competition and create enduring value. This is corporate ethics for corporate advantage. Corporate Ethics for Turbulent Markets: The Market Context of Executive Decisions focuses on the HOW of doing business the economic, social, ethical, moral and spiritual values we bring to our business ventures - and how thereby we impact the world. The book focuses on the LEMS (legality, ethicality, morality, and spirituality) technique that we submit as a prescriptive benchmarking tool for all corporate thinking, deliberation, explanation, evaluation, choices, strategic implementation, accountability and moral responsibility. It demonstrates that by going beyond the legal obligation (legality) to do the "right thing" (ethicality), to do the "right thing rightly" (morality), and doing the "right thing rightly and for the right intentions" (spirituality), we can create a sure strategy for good decision making and implementation that can heal the world from its current addictions to corporate fraud in all its evil forms. Envisioning a moral reawakening, this book will challenge business students and executives alike to re-evaluate the moral justification of business choices, decisions, actions and their consequences. LEMS as a four-dimensional cross-checking skill for all that we think, do, become and be takes time and patience but it can surely heal an otherwise divided and broken world.
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