Corporate Ethics for Turbulent Markets : : Executive Response to Market Challenges.

• Superior document: Corporate Ethics for Turbulent Markets Ser.
• Author: Mascarenhas, Oswald A. J.
• Place / Publishing House: Bingley : : Emerald Publishing Limited,, 2019.; ©2019.
• Year of Publication: 2019
• Language: English
• Series: Corporate Ethics for Turbulent Markets Ser.
• Physical Description: 1 online resource (356 pages)

Corporate executives immersed in the turbulent markets of today face a world not of clear cut moral dilemmas such as right or wrong, or good or evil, but instead must confront large corporate grey areas of lesser good, lesser evil, less true, less unfair, and less unjust. Often these choices become almost indistinguishable. Corporate Ethics for Turbulent Markets: Executive Response to Market Challenges sets out a universal moral foundation of corporate executive ethics. Its chapters attempt to extend the discussion on human dignity to its practical applications, map out strategic approaches for responding to current turbulent markets, and drill moral skills for taming and tapping current turbulent markets. The book features modern techniques of critical thinking, moral reasoning, moral judgment, and moral justification, and charts how to uphold stakeholder rights and duties and understand corporate moral responsibilities. Written as a guide for corporate executives who strive daily

Table of Contents

Front Cover -- Corporate Ethics for Turbulent Markets: Executive Response to Market Challenges -- Copyright Page -- Dedication -- Contents -- List of Cases -- About the Author -- Acknowledgments -- Prologue: Corporate Ethical Response to Turbulent Markets -- Fundamental Questions of Corporate Ethics -- Doing the Right Thing Rightly -- The Core of Dharma -- The Content and Challenge of a Previous Book -- The Structure of This Book -- The Target Audience -- The Uniqueness of This Book -- Notes -- Chapter 1 The Ethics of Dignity of the Human Person -- 1.1. Introduction -- 1.2. Why Ethics of Human Personhood? -- 1.3. Philosophy of the Human Person -- Ethical Questions -- Ethical Reflections -- 1.4. The Great Humanity of Nelson Mandela -- 1.5. The Value and Function of Executive Personhood -- 1.6. What Constitutes Our Human Personhood? -- 1.6.1. Our Unique Immanence -- 1.7. Our Unique Individuality -- 1.8. Our Unique Sociality -- 1.9. Our Unique Transcendence -- 1.10. Current Controversy of Human Dignity vs Human Enhancement -- 1.11. Arguments for Human Enhancement -- 1.12. Arguments Restricting Human Enhancement -- 1.13. What is Human Nature or Dignity and Why and How Sacrosanct Is It? -- 1.14. Concluding Remarks: Executive Freedom and Transcendence -- Notes -- Chapter 2 The Ethics of Corporate Executive Virtues -- 2.1. Introduction -- 2.2. Know Yourself: The Supreme Corporate Virtue -- 2.3. Understanding Virtue: A Historical Perspective -- 2.4. The Executive Virtue of Being Good -- 2.5. The Dharma Concept of Good -- 2.6. Dharma of Buddhism and Taoism -- 2.7. The Primacy of Virtue Ethics -- 2.8. Utilitarian vs Deontological Virtue Ethics in Executive Life -- 2.9. We Need Virtue Ethics Beyond Utilitarian and Deontological Ethics -- 2.10. The Priority of the Ethics of Care -- 2.11. Virtue as the Theory of Ends.

2.12. Executive Virtue as Ethical Consideration of the Contingencies -- 2.13. Corporate Executive Virtue as Eudemonia or Happiness -- 2.14. Corporate Executive Virtue as "Human Flourishing" -- 2.15. The Nature of Happiness in the Corporate World -- 2.16. Characterizing Virtuous Morality Corporate Actions -- 2.17. Realizing Goodness in Corporate Executives -- 2.18. Benevolence and the Four Cardinal Executive Virtues -- 2.19. Cardinal Corporate Virtues in Conflict -- 2.20. Concluding Remarks -- Notes -- Chapter 3 The Ethics of Corporate Trusting Relations -- 3.1. Introduction -- 3.2. The Importance of Trusting Relationships in Business Management -- 3.3. What is Executive Trust? -- 3.4. Definitions of Trust in the Marketing Literature -- The Tata Family -- Reflections -- References -- Ethical Questions -- References -- 3.5. The Ethics of Executive Trust -- 3.6. The Economics of Trust: Low Trust Tax -- 3.7. How Does Trust Work? -- 3.8. Building Trusting Relationships -- 3.9. The Biochemistry of Human Trust -- 3.10. The Psychology of Trust -- 3.11. Building Trust in the Initial Stages -- 3.12. Inter-organizational Trust and Investments -- 3.13. Later Stages of Trust Development -- 3.14. Trust in Buyer-Seller Business Management Relationships -- 3.15. Trust and Relational Contracting in Business Management -- 3.16. Business Management Stakeholder-Executive Cooperation -- 3.17. Opportunism and Opportunistic Behavior -- 3.18. Concluding Remarks -- Notes -- Chapter 4 The Ethics of Corporate Ethical and Moral Charismatic Leadership -- 4.1. The Need for Moral Leadership Today -- JRD Tata's Business Leadership -- Ethical Reflections -- References -- Ethical Questions -- 4.2. The Ethics of Executive Leadership -- 4.3. Part 1: The Theory of Ethical and Moral Leadership -- 4.3.1. Leaders, Leadership, and Followers -- 4.3.2. What is Ethical Leadership?.

4.3.3. What is Moral Leadership? -- 4.3.4. Challenges of Moral Leadership -- 4.3.5. Moral Leadership and Emotions -- 4.3.6. Moral Leadership and Charisma -- 4.3.7. Leadership as Meaning Creation and Meaning Communication -- 4.4. Part 2: The Execution of Moral Leadership -- 4.4.1. Transforming Leadership -- 4.4.2. Steward Leadership -- 4.4.3. Servant Leadership -- 4.4.4. Leadership and Empowerment -- 4.4.5. Max de Pree on Ethical Leadership -- 4.4.6. How We Can Train Moral Leaders -- 4.4.7. Covenantal Leadership -- 4.5. Concluding Remarks -- Notes -- Chapter 5 The Ethics of Corporate Critical Thinking -- 5.1. Introduction -- 5.2. Why Do We Need Critical Thinking? -- 5.3. A Moral Canvas for Critical Thinking -- Ethical Questions -- References -- 5.4. Part 1: Various Approaches to Critical Thinking -- 5.4.1. Critical Thinking as Making Better Sense of the World Around Us -- 5.4.2. Critical Thinking as Reflective Thinking -- 5.4.3. Critical Thinking as Questioning and Challenging -- 5.4.4. Critical Thinking as Spiritual Intelligence -- 5.4.5. Critical Thinking as Valuing Resources Hierarchically -- 5.4.6. Critical Thinking as Building on Your Strengths -- 5.5. Part 2: Some Theories of Critical Thinking -- 5.5.1. Critical Thinking and Defensive Routines -- 5.5.2. Critical Thinking Applied to Human Resource Management -- 5.6. Critical Thinking as Identifying and Combating Biases, Prejudices, and Presumptions in Business Thinking -- 5.6.1. Legal, Ethical, and Moral Issues of GAIL (Case 5.1) -- 5.6.2. Ethical Analysis of Consequences -- 5.7. Concluding Remarks -- Chapter 6 The Ethics of Corporate Stakeholder Rights and Duties -- The Apple-FBI Confrontation Problem -- Some Defend Apple and for Valid Reasons -- Some Defend FBI and Governments and for Valid Reasons -- The Apple and FBI Debate Implications -- Concluding Thoughts -- Ethical Questions.

References -- Sources -- Ethical Questions -- Ethical Challenges -- 6.1. The Ethics of Business Rights and Duties -- 6.2. Part 1: The Nature of Corporate Rights and Duties -- 6.2.1. What are Rights? -- 6.2.2. A Hohfeldian Analysis of Rights and Duties -- 6.2.3. Hohfeldian Analysis and Legal Realism -- 6.2.4. Stakeholder Hohfeldian Rights in Corporate Situations -- 6.3. Part 2: Respecting Corporate Rights and Duties -- 6.3.1. Human Solidarity as a Commitment to Human Rights -- 6.3.2. The Debate about Moral Rights -- 6.3.3. Labor Law Reform and Labor Rights and Duties in India -- 6.3.4. "Paid" Media's Violation of Rights and Duties -- 6.4. Concluding Remarks -- Notes -- Chapter 7 The Ethics of Corporate Moral Reasoning, Moral Judgment, and Moral Justification -- 7.1. The Ethics of Executive Moral Reasoning and Moral Judgment -- 7.2. Part 1: General Application of Moral and Ethical Theories to Executive Decisions and Moral Dilemma -- 7.2.1. Kohlberg's Theory of Phases in Moral Reasoning -- 7.2.2. Major Normative Ethical Theories or Systems -- 7.2.2.1. Teleological Moral Reasoning -- 7.2.2.2. Deontological Moral Reasoning -- 7.2.2.3. Distributive Justice-based Moral Reasoning -- 7.2.3. Corrective Justice-based Moral Reasoning -- 7.2.4. The Theory of Equality and Corrective Justice -- 7.2.5. Virtue Ethics and Moral Reasoning -- 7.2.6. Moral Judgments and Moral Justification -- 7.2.7. The Process of Justifying Executive Moral Judgments -- 7.2.8. Rule versus Act Applications of Ethical Theories -- 7.2.9. Corporate Moral Dilemma and Executive Challenges -- 7.2.10. Moral Dilemma and Executive Decisions -- 7.2.11. Resolving Moral Corporate Executive Dilemmas -- 7.2.12. Executive Moral Conflict Management and Moral Reasoning -- 7.3. Part 2: Applying Specific Moral and Ethical Theories to Executive Decisions -- 7.3.1. Kant's Theory of Moral Obligation.

7.3.2. Conscience and Moral Obligation -- 7.3.3. The Ethical Theory of Non-malfeasance -- 7.3.4. The Principle of Double Effect -- 7.4. Concluding Remarks -- Notes -- Chapter 8 The Ethics of Corporate Legal, Ethical, Moral, and Spiritual (LEMS) Responsibility -- Ethical Questions -- References -- A Brief History of Starbucks -- Industry Structure -- Ethical Questions -- References -- 8.1. The Ethics of Executive Moral Responsibility for Corporate Decisions and Outcomes -- 8.1.1. What is Responsibility? -- 8.2. Part 1: Classical Understanding and Discussion on Corporate Responsibility -- 8.2.1. Aristotle's Notion of Responsibility -- 8.2.2. Aristotle's Theory of Actions under Duress -- 8.2.3. Ignorance as a Source of Involuntary Executive Actions -- 8.2.4. What Went Wrong at Starbucks? -- 8.2.5. Aristotle on Voluntary Actions -- 8.2.6. Immanuel Kant: Responsibility as Moral Worth -- 8.2.7. Karl Marx: Responsibility as Historical Determinism -- 8.2.8. Bradley: Attributional Responsibility -- 8.3. Part 2: Contemporary Understanding of Corporate Moral Responsibility -- 8.3.1. Dietrich Bonhoeffer: Responsibility as Commitment and Deputyship -- 8.3.2. Bernard Lonergan: Responsibility as Effective Freedom -- 8.3.3. Elizabeth Beardsley: Ascribing Moral Responsibility to Corporate Executives -- 8.4. Part III: A Synthesis of Classical and Contemporary Views of Executive Responsibility -- 8.4.1. Causal and Agent Responsibility -- 8.4.2. Accountability and Commitment -- 8.5. Concluding Remarks -- Notes -- Epilogue Corporate Cosmic Spirituality for Today -- Introduction -- What is Corporate Spirituality? -- Corporate Ethics Is Not Enough -- On Corporate Spiritual Leadership -- Reflection-based Corporate Spirituality -- Is Interfering with Human Nature "Playing God" and Hence Morally Problematic? -- Ignatian Spirituality: Finding God in All Things.

Concluding Remarks.