This book addresses ethical issues in the business world today. It studies the ethical concepts that are necessary to resolving moral issues in today''s business. Moral and ethical standards are defined as the author devotes an abundance of information that the decision-maker must have if he or she is to apply morality to reality. It provides the reasoning and analytical skills needed to apply ethical concepts to business decisions. The author identifies different moral issues involved in the management of specific problems faced in business. This book also provides an understanding of the social, technological, and natural environments within which moral issues in business arise. Many actual case studies of moral dilemmas faced by businesses are included as examples. The text is organized into four parts. Each part has two chapters. -Part One provides an introduction to basic ethical theory where it is shown to be the best long-term strategy for a business, although it can be costly at times. -Part Two examines the ethics of markets and prices providing an analysis of market structure.-Part Three discusses environmental and consumer issues and provides several statistical and institutional indicators of discrimination.
-Part Four goes over employee issues and their role in the organization and relies on two models of organizational structure.As the title of the text reveals, this book looks at understanding and addressing different ethical and moral issues faced in businesses. The challenges that are presented in different case studies allow the reader to confront the adequacy of their own moral norms and motivate them to search for adequate principles when their own are shown to be inadequate. It is hoped the reader will enter dialogue with others to discuss and develop a set of ethical norms that are adequately acceptable. Thinking through concrete moral problems and allowing the reader to be challenged by others will assist in resolving the issue on the basis of different moral standards.