UID:
almafu_9960800301202883
Format:
1 online resource (332 pages)
Edition:
1st ed.
ISBN:
1-78756-189-5
,
1-78756-187-9
Series Statement:
Corporate ethics for turbulent markets
Content:
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.
Note:
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 Opportunity -- 1.4. Current Market Turbulence and Economic Chaos -- 1.5. 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 Chaos -- 1.7. Market Turbulence as Buyer-Seller Information Asymmetry -- 1.7.1. 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 Ethics -- 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 Remarks -- Notes -- Chapter 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 Ethics -- 3.10.1. Systemic Laws for Systems Thinking -- 3.10.1.1. Law 1: Today's Problems Come from Yesterday's Solutions -- 3.10.1.2. Law 2: The Harder You Push, the Harder the System Pushes Back -- 3.10.1.3. Law 3: Behavior Grows Better Before It Grows Worse -- 3.10.1.4. Law 4: The Easy Way Out Usually Leads Back In -- 3.10.1.5. Law 5: The Cure Can Be Worse than the Disease -- 3.10.1.6. Law 6: Faster Is Slower -- 3.10.1.7. Law 7: Cause and Effect Are Not Closely Related in Time or Space -- 3.10.1.8. Law 8: Small Changes Can Produce Big Results - but the Areas of Higher Leverage Are Often the Least Obvious -- 3.10.1.9. Law 9: You Can Have Your Cake and Eat It too - but Not All at Once.
,
3.10.1.10. Law 10: Dividing an Elephant in Half Does Not Produce Two Elephants -- 3.10.1.11. Law 11: There Is No Blame -- 3.10.2. Archetypes of Systems Thinking: Nature's Templates That Control Human Events -- 3.10.2.1. Archetype 1: Limits to Growth -- 3.10.2.2. Archetype 2: Shifting the Burden -- 3.10.2.3. Archetype 3: "Fixes That Backfire" -- 3.10.2.4. Archetype 4: "Tragedy of the Commons" -- 3.10.2.5. Archetype 5: "Accidental Adversaries" -- 3.10.2.6. Archetype 6: "Success to the Successful" -- 3.10.2.7. Archetype 7: "Balancing Process with Delay" -- 3.10.2.8. Archetype 8: "Growth and Underinvestment" -- 3.10.2.9. Archetype 9: "Escalation" -- 3.10.2.10. Archetype 10: "Eroding Goals" -- 3.11. Concluding Remarks -- Notes -- Chapter 4 The Success of Free Enterprise Capitalist System When Designed and Deployed Rightly -- Executive Summary -- 4.1. Introduction -- Notes -- References -- 4.2. In Defense of Capitalism -- 4.3. What Is Capitalism? -- 4.4. Morality of Private Property -- 4.5. Hobbesian Capitalism -- 4.6. Adam Smith's Version of Capitalism -- 4.7. In Defense of Free Enterprise Capitalist System -- 4.8. Morality of Profits and Losses -- 4.9. Max Weber's Ethics of Capitalism -- 4.10. Welfare Capitalism or the Dependence Culture -- 4.11. Moral Issues on Welfare Capitalism Based on Taxing the Rich -- 4.12. Systems Thinking: New Ways of Understanding Free Enterprise Capitalist System -- 4.13. A Systems View for Resolving Capitalist Problems -- 4.14. New Ways of Understanding Capitalism -- 4.15. Inclusive Capitalism -- 4.16. Inclusive Capitalism and Intentional Public Policies -- 4.17. Conscious Capitalism -- 4.18. The Dharma of Capitalism -- 4.19. Concluding Remarks -- Chapter 5 The Destruction of Free Enterprise Capitalist System When Infected by Fraud, Corruption, and Bribery -- Executive Summary -- 5.1. Introduction.
,
5.2. Corporate Fraud and Corporate Damages -- 5.3. Contemporary Versions of Fraud, Corruption, and Bribery -- 5.4. Investigating Fraud, Corruption, and Bribery -- 5.4.1 Seduction -- 5.5. Types of Corporate Fraud -- 5.6. Basic Instruments of Market Turbulence as Corporate Frauds -- 5.7. Market Turbulence of Capitalism as Boundary Thinking -- 5.8. The Inherent Social Contradictions of Capitalism -- 5.9. Other Social Externalities of Capitalism -- 5.10. What Can Turbulent Markets Do to Combat Fraud? -- 5.11. Fraud is Failure of Corporate Accountability -- 5.12. How Do We Combat Corporate Fraud? -- 5.13. Why Does Corporate Failure in Ethics Occur? -- 5.14. Reduce Fraud by Reducing Legal and Occupational Ambiguity -- 5.15. Concluding Remarks -- Notes -- Chapter 6 The Turbulent Market of Modern Debt-overleveraged and Promoter-dominated Corporations -- Executive Summary -- References -- References -- References -- 6.1. Ethics of Promoter Dominance in Modern Corporations -- 6.2. The Morality of Promoter Dominance -- 6.3. The Morality of Tax Subsidy and Debt Distortion -- 6.3.1. Advantages of Debt -- 6.3.2. Disadvantages of Debt -- 6.4. A New Breed of Hybrid Financial Instruments -- 6.5. Understanding Debt from Multiple Viewpoints -- 6.6. Ethics of Financing Decisions such as EBITDA -- 6.7. Bankruptcy and Credit -- 6.7.1. Bankruptcy assumes credit -- 6.8. Concluding Remarks -- 6.9. Ethical and Moral Concerns -- Notes -- Chapter 7 Artificial Intelligence and the Emergent Turbulent Markets: New Challenges to Corporate Ethics Today -- Executive Summary -- 7.1. Introduction -- 7.1.1. What Is AI? -- 7.1.2. The Fundamental Essence and Operations of AI -- 7.1.3. A Timeline of Major Advancements in AI -- 7.1.4. Current Wanton AI Developments -- 7.1.5. Advantages of AI -- 7.1.6. Disadvantages of AI -- 7.1.7. AI Will Not Automate All Jobs.
,
7.1.8. The Great Potential of AI -- 7.2. The LEMS Challenge of AI to Corporate Ethics -- 7.2.1. Legal Aspects of AI -- 7.2.2. Ethical Challenges of AI -- 7.2.3. Moral Challenges of AI -- 7.2.4. Spiritual Challenges of AI -- 7.2.5. AI Contributes to Better Life -- 7.3. Concluding Remarks -- Notes -- Chapter 8 The Ethics of Reinventing the Morally Embattled Corporation -- Executive Summary -- 8.1. Introduction -- 8.2. Imperfections in the FECS-based Corporation -- 8.3. Growing Dissatisfaction with Corporations -- 8.4. Promoter Dominance Paralyzes the Corporation -- 8.5. Share Buyback for Restoring Corporate Control -- 8.6. High-potential Dynamic Startups -- 8.7. Crowd-funding and Crowd Innovations Challenge the Corporation -- 8.8. Is the Corporation an Over-taxed Endangered Species Today? -- 8.9. Chinese Economic Invasion Threatens American Capitalism and the Corporation -- 8.10. Reinventing the Capitalist Corporation -- 8.10.1. Reinventing the Corporation -- 8.10.1.1. Fluidity of Asset Management -- 8.10.1.2. Change in Ownership -- 8.10.1.3. Long-termism and NPDD -- 8.10.1.4. Comprehensive and Collaborative Entrepreneurship, Social Entrepreneurship, and Startups -- 8.10.1.5. Corporate Governance -- 8.10.1.6. Democratization of Capital -- 8.11. Concluding Challenge -- 8.12. Ethical Questions: -- Notes -- Epilogue: The Twenty-first Century Legal, Ethical, Moral, and Spiritual (LEMS) Challenges of Corporate Governance -- Executive Summary -- Corporate Value Ethics -- Organizational Morality as Systems Thinking -- Systems Thinking for Understanding Market Turbulence -- Capitalism and Economic Freedom -- Ethics of Free Enterprise Competition: The Golden Rule -- Market Turbulence and Market Disruption -- Concluding Remarks -- Notes -- References -- Further Reading -- Author Index -- Case Index -- Subject Index.
Additional Edition:
ISBN 1-78756-190-9
Additional Edition:
ISBN 1-78756-188-7
Language:
English
Subjects:
Economics
Keywords:
Electronic books.
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
https://www.emerald.com/insight/publication/doi/10.1108/9781787561878
Bookmarklink