Business and Society: Ethics and Stakeholder Management

by Archie B. Carroll

Introduce your students to important and diverse stakeholder management and ethical frameworks for considering and protecting critical stakeholder interests with the latest edition of BUSINESS AND SOCIETY. Students learn how responsible business decision makers balance and protect the interests of various stakeholders, including investors, employees, the community, and the environment. Proven content within the book emphasizes the social, legal, political, and ethical responsibilities of a business to all external and internal groups that have a stake, or interest, in that business. Strong coverage of ethics and the stakeholder model is balanced with new discussion on corporate governance and other current, relevant issues shaping business today. A variety of quality business cases, Ethics in Practice cases, and other real-world applications provide abundant opportunities to apply stakeholder and ethical systems to specific business problems. Practical applications prepare future managers for business situations that will test their values and ethics in the workplace. Students learn to focus their reasoning and enhance the precision with which they consider and make ethical decisions. A strengthened, comprehensive package accompanying this edition provides a refined Test Bank now correlated to AACSB standards and a wealth of resources to help provide the solid understanding of both individual organizational and society topics that your students need for business success.

Genres: Business

700 pages, Hardcover

First published January 1, 1993

Reviews

[Eny Rebel · Rating 3 out of 5]

Easy to read, helpful

[Rebecca Radnor · Rating 4 out of 5]

Easy to read and understand textbook, language clear and simple enough so that it could even be used in a college prep High School. Took me about 3 weeks to read it cover to cover -- VERY long. There is some repetition but mostly in the attempt to build mental schema so it's ok; as in, 'remember where we talked about this, well lets take it a bit further and see how it might apply to that.'Covers a lot of topics.

It starts out with what it calls the "stakeholder" paradigm, i.e., all the people (employees, customers, stockholders, local community, etc) who feel they have some sort of stake in the business' activities -- what lawyers might refer to as implied social contract holders, and how it really doesn't pay to piss any of these folks off, and you do so at your own peril.

Starting about about the 75% point it turns to cases, covering everything from employment practices at Abercrombie and Fitch (only highly attractive white kids need apply) to is it ethical to pay ex white collar felons 2.5K a pop to lecture on the pitfalls of falling into temptation, when you don't pay folks who never did jail time for the speaking on the same issue.

The book is highly US centric, but includes some of the best sellers of international corporate screw ups that made the nightly news, like infant formula in 3rd world countries, the massive Union Carbide poisonings in India, etc. The book assumes students know what Enron was, and references it constantly, etc., which I'm not sure is a safe assumption, so I would start off the year by showing, "smartest guys in the room."

(The publisher sent me the teachers CD's/DVD's but I've yet to study them closely --- will comment here when I have.)

I read this because I had been asked to teach this course next semester (my phd is in anthropology with a focus on law -- contracts specifically, and business, and the department head felt I had the background necessary, but I had never taken the course so I didn't really know what it entailed).

[Ellinnur Totcupcakes]

good