Ethics in Business: Annotated Bibliography

Topics: Ethics, Business ethics, Morality Pages: 7 (2437 words) Published: April 29, 2014

Ethics in Business: Annotated Bibliography

Band, David C., and Charles M. Tustin. "Strategic downsizing." Management Decision Dec. 1995: 36+. Academic OneFile. Web. 12 Apr. 2014.

This article discusses how corporations should aim to be responsible for more than just profit maximization. The author goes into the discussion of how downsizing a company violates the psychological and social contracts in the employer-employee relationship. The author seems to support the idea that employees should have a since of security in their job as long as he or she is productively advancing the goals of the organization. Downsizing productive employees harms the moral of the company and violates the trust that hard work makes an employee valuable. The author states that he believes downsizing is immoral and does more damage than good. The author then shows he does not have a complete bias opinion on downsizing because he makes the point that if layoffs are the only way to save a company, downsizing is an ethically valid and morally responsible corporate behavior because the layoffs generate the greatest good for the greatest number. (155)

Chafuen, Joseph T. “Sorrow and Guilt: An Ethical Analysis of Layoffs.” SAM Advanced Management Journal 65.2 (2000): 4–13. Print.

Joseph Gilbert who is also a Professor discusses how downsizing can be considered unethical by the use of three prominent ethical approaches: that is rights and duties, utilitarianism, and justice and fairness. Following his analysis, Professor Gilbert makes a deduction that, in cases where downsizing is being used by a corporation or an organization to help it remain in business, otherwise, it goes under, and then it can be considered morally right and consequently ethical corporate behavior. Subsequently, in his use of utilitarian approach which argues that the determination of whether an action is morally right or wrong is entirely dependent on its consequences, downsizing can be considered moral and thus ethical because they result in greatest utility for a large number of people. Further, the rights and duties approach contents that it is moral to downsize since employees lack absolute rights to their jobs. Nevertheless, the counter argument to ethicality to this is that these same employees still command a right of fair and just treatment. In conclusion, the justice and fairness approach finds downsizing to be immoral. This is because of lack of proportionality an employee`s behavior and the action of termination their duty. (196)

In an article "Strategic downsizing" by David Band and Charles Tustin published in 1995 discusses the fact that downsizing is morally wrong unless the company will not survive without the necessary layoffs. This agrees with the article that was published in 2000 by the Joseph Chafuen because both agree that downsizing a company for the reason of increasing profit is morally wrong. Chafuen also agrees with Band that downsizing in a company is morally correct if it is the best decision for the greatest amount of people. In contrast to the article from the Joseph Chafuen, David Band and Charles Tustin make the point that the unwritten contract between an employee and employer will be broken if downsizing in a company cannot be justified without profit goals in mind. Later in Joseph Chafuen’s article he agrees that it is ethically incorrect to terminate an employee that has been beneficial to the company. (152)

Gross, Larry. “Downsizing: Are Employers Reneging on Their Social Promise.” Society of Chartered Property and Casualty Underwriters. CPCU Journal 54.2 (2001): 112–121. Print.

According to Larry Gross, the strategy of downsizing that is at times applied by corporations to their employees is unethical. He argues that this strategy violates the social and psychological contract that exists between the employers and employee. He posits that whenever one is employed, their exists some sense of security that is afforded...

Bibliography: Band, David C., and Charles M. Tustin. "Strategic downsizing." Management Decision Dec. 1995: 36+. Academic OneFile. Web. 12 Apr. 2014.
Gross, Larry. “Downsizing: Are Employers Reneging on Their Social Promise.” Society of Chartered Property and Casualty Underwriters. CPCU Journal 54.2 (2001): 112–121. Print.
15 Apr. 2014.
Schwepps, Cadbury. "Ethical Business Practices”- Business-Case Study LLP."Conclusion. The Times 100, n.d. Web. 13 Apr. 2014.
This case-study discusses the different outcomes of an organizations moral judgments of right and wrong business practices
Street, Marc D., and Vera L. Street. Taking Sides: Clashing Views in Management. McGraw-Hill Contemporary Learning Series, 2007. Web. 15 Apr. 2014.
Thompson, Robert B. “Insider Trading, Investor Harm, and Executive Compensation.” Case W. Res. L. Rev. 50 (1999): 291. Print.
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