Name of the Book: an Introduction to Business Ethics

Teemee Jan Tang IT-ETHICS 10558403

Book Review # 9

Name of the Book: An introduction to Business Ethics Author: Joseph Dejardins Book Number: HF 5387 D377 2003

Chapter 3: Corporate Social Responsibility

This chapter discussed some of the basic theories of understanding ethical responsibilities in a business like the Social contract theory and the Stakeholder theory. Social Contract theory signifies the responsibilities of each individual which compose the society. This theory is contradicting the idea about the corporate rights and responsibilities can be conditional from the terms and conditions of a contract between the business and the society. Society has recognized the social benefits that the corporation is getting so in a way those corporations must repay to the society. Those corporations provide efficient means for raising large amount of capital through producing and selling goods or services to the society. But society also encounters problems caused by the corporations, from manufacturing factories to abusing of workers. This theory aims to develop the social responsibility of every individual while doing it without harming other people and doing it with your own will. This theory also tells us that the right thing to do is what benefits the society. Another theory is the Stakeholder theory. It tells us that every business decision affects a wide variety of people in the working environment. This theory is about knowing what need to be done for the company to arise in top.

Chapter 4: The Meaning of Value and Work

This chapter discusses how the commitment of a person to his work changes because of the advancement of how things can be done. Some people say that because of the advancement, less people make jobs often part-time and often filled by more entrepreneurial and freelance workers. In addition to these problems, the massive layoffs and corporate downsizing of employees that happens in recent years because of decreasing the need of man power resources was an indication of further change in the contemporary workplace. People now are assuming that even thou they perform their job well, they are not guaranteed of long- term employment because of the fast phase advancement in our world. So this mentality of people lessen the quality of their work because of worrying that even they exert much effort to their work, they are not safe when in times of layoffs. This chapter also tells us value of work in a person, work is important to a person because this is the main source of income to every people. The salary in our work dictates what a person can afford or in a way it dictates the status of a person in a community. Chapter 5: Moral Rights in the Workplace

In a company, rules are always present. Rules compose of moral and professional rights. Corporations each have different rules according to their nature, culture and the beliefs of people composing it. So employees need to be flexible to adopt in the different environments that he or she assigned into. This chapter discusses some issues in the moral rights of employees. If employees can be dismissed for morally wrong reasons without violating a law in the corporation, then the concept of employee’s rights is meaningless. There are also the rights of employees to ensure their health and safety by the corporations. Some companies exaggeratedly focus on the output and the work that employees tend to suffer stress. In some cases, in terms information and their safety, the company also must have responsibility in keeping the information of their employees confidential. Each individual that composes the corporation must accept their roles and treat all of their subordinates with gratitude in order to promote a healthy relationship with one another.