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Corporate ethics for turbulent markets : the market context of executive decisions / by Fr. Oswald A.J. Mascarenhas, S.J, XLRI: Xavier Institute of Management, India

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Corporate ethics for turbulent marketsPublisher: Bingley, UK : Emerald Publishing Limited, 2018Edition: First editionDescription: 1 Online-Ressource (xi, 320 pages)ISBN:
  • 9781787561878
Subject(s): Additional physical formats: 9781787561885 | Erscheint auch als: 9781787561885 Druck-AusgabeDDC classification:
  • 174/.4 23
  • 174.4 23
LOC classification:
  • HF5387
DOI: DOI: 10.1108/9781787561878Online resources: Summary: 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 worldSummary: 1.4. Current Market Turbulence and Economic Chaos1.5. Recent Major Factors that Generated Market Turbulence; 1.5.1. Chinese Invasion of Global Markets; 1.5.2. Global Climate Change and Policies; 1.5.3. Brexit and Global Market Turbulence; 1.5.4. Immigrant Populations and Global Refugee Crisis; 1.5.5. Artificial Intelligence and Market Turbulence; 1.6. Demonetization in India and Market Turbulence; 1.6.1. Structure of Market Turbulence; 1.6.2. Relevance of Corporate Ethics Under Market Turbulence Today; 1.6.3. Market Turbulence as Market Certainty, Risk, Uncertainty, and ChaosSummary: 1.7. Market Turbulence as Buyer-Seller Information Asymmetry1.7.1. Nature of Buyer-Seller Information Asymmetry; 1.8. Concluding Remarks: Managerial Implications; Notes; Chapter 2 The Domain and Context of Corporate Ethics: Introducing Concepts and Directions; Executive Summary; 2.1. Introduction; 2.2. Toward a Strong Positive Approach to Corporate Ethics; 2.3. Conceptual versus Operational Definitions; 2.4. What Is Spirituality?; 2.5. What Is Morality?; 2.6. What Is Ethicality?; 2.7. What Is Legality?; 2.8. What Are Values?; 2.9. Business Ethics and Managerial EthicsSummary: 2.10. What Is Corporate Ethics?2.11. Commonality Between Ethics, Business Ethics, and Corporate Ethics; 2.12. Descriptive versus Prescriptive Ethics; 2.13. Major Ethical Theories; 2.14. The Ethical Theory of Teleology; 2.15. The Ethical Theory of Deontology; 2.16. The Ethical Theory of Distributive Justice; 2.17. The Ethical Theory of Corrective Justice; 2.18. Corporate Value Ethics; 2.19. The Gray Area in Corporate Ethics; 2.20. Methodology of Corporate Ethics; 2.21. Legal, Ethical, Moral, and Spiritual Executive Conduct; 2.22. The Dynamics of Corporate Ethics; 2.23. Concluding RemarksSummary: Cover; Title Page; Copyright Page; Acknowledgements; Contents; About the Author; Prologue: Corporate Ethics for Turbulent Markets of Today; Corporate Statesmen; Critical Importance of Corporate Ethics Today; Corporate Ethics through Real Current Business Cases; The Structure of This Book; The Target Audience; The Uniqueness of This Book; Notes; Chapter 1 Characterizing Market Turbulence Today as a Source of Market Opportunity; Executive Summary; 1.1. Introduction; 1.2. What Is Market Turbulence?; 1.3. Tracking the Emergence of Economies, Their Market Turbulence, and OpportunitySummary: NotesChapter 3 A Systems Thinking Approach to Understand the Challenge of Corporate Ethics in the Turbulent Markets of Today; Executive Summary; 3.1. Introduction; 3.2. What Is a System?; 3.3. What Is Systems Thinking?; 3.4. Market Turbulence Problem as a System at Unrest; 3.5. Systems Thinking and Process Mapping; 3.6. The Concept of Feedback; 3.7. The Reinforcing and Balancing Feedback Processes; 3.8. Free Enterprise Capitalism System; 3.9. FECS as a System of Subjects, Objects, Properties, and Events; 3.10. Critical Systems Thinking Questions for Corporate EthicsPPN: PPN: 1041748329Package identifier: Produktsigel: ZDB-1-EPB | ZDB-55-BME | ZDB-1-BMEN | ZDB-1-EPB-ebook | ZDB-55-ELD | ZDB-1-BMEN-ebook
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