The relationship between moral decisions and their consequences: A tradeoff analysis approach

While at one level, the literature in ethics for some issues is broad, deep, and complex, for others it appears limited and lacking in sophistication. This cross — cultural study deals not only with the moral reasoning behind moral dilemmas in business but also with the magnitudes these dilemmas in concert with their possible outcomes and consequences. While many studies discuss the effect of these outcomes, we have found none that have explicitly examined them.The methodology and analysis use a novel approach for this topic, and is a major contribution of the paper: that of tradeoff analysis. Tradeoff analysis is capable of revealing both the nature of an individual's moral reasoning as well as interactions between this and the rewards or consequences for the moral action. These interactions are illustrated with a cross — cultural pilot study conducted in Singapore and the United States, which reveal noteworthy differences in moral decision making.William R. Swinyard is a Professor of Business Management at Brigham Young University, Provo, Utah, USA, 84602.Thomas J. Delong is a Professor of Education at the same university.Peng Sim Cheng is a Senior Tutor at the National University of Singapore, School of Management, Singapore 0511. Correspondence should be addressed to the first author.     

The moral discourse of banks about money laundering: an analysis of the narrative from Paul Ricoeur's philosophical perspective

In this paper, we will use Ricoeur's philosophy in order to present money laundering as a metaphor and a narrative. We will firstly analyze the corporate moral discourse of 10 banks about money laundering. We have selected 10 banks that have codes of ethics and a corporate moral discourse about money laundering. The banks come from six countries: United States (2), Canada (2), Switzerland (2), Spain (2), Germany (1), and Belgium (1). We will see how their moral discourse about money laundering contributes to deepen the understanding of money laundering as a narrative. Then, we will see to what extent Ricoeur's philosophy could help us to better understand the moral discourse of banks. We will describe the main components of money laundering as a narrative.     

Towards a new way to measure power: Applying conjoint analysis to group decisions

This paper presents some preliminary development towards a methodology for measuring power in a group purchase decision. We define power as the capacity of an individual to change the probability of an alternative being chosen by expressing an opinion about that alternative. We present a linear model that relates the group members' preferences to the probability that a given alternative will be chosen. The model parameters reflect specific measures of power and can be estimated by conjoint analysis. We present the results of a pilot field study, conducted on a sample of purchasing managers, which favorably assesses certain psychometric properties of the resulting measures for dyads.     

Three perspectives of Chapter 11 bankruptcy: Legal,managerial and moral

With cach successive generation of management, managers have been faced with different goals dictated by that current society's needs and mores. For example, in the early 1900's, industrial growth was essential to society's needs; at the same time, such growth would not be hampered by social costs that were perceived as unimportant. Those social costs viewed as unimportant have not been properly factored into the cost of goods produced. Therefore, the products sold were underpriced, failing to reflect their true social costs. Additionally, this miscalculation or misappropriation of such costs caused a misallocation of resources, such as the manufacturing of asbestos without regard to future health costs. Finally, the payment for the miscalculation of these social costs is due: present day management is now forced to provide a viable solution for payment of debts incurred by previous management. The most notable examples of such misappropriation are provided in the Manville, A. H. Robins and Continental cases. Unfortunately, the choice is often limited to a Chapter 11 bankruptcy.This article views the solution of Chapter 11 bankruptcy from three perspectives: legal, managerial, and moral. The legal review consists of the law and the current jurisprudence. Particularly emphasized are cases dealing with the discharge of executory contracts, tort claims and debts both secured and unsecured. Additionally, an examination of implementing a Chapter 11 bankruptcy plan from the viewpoint of current management is made. Closely associated with both the legal and managerial aspects of this issue is the moral facet of using bankruptcy as a management tool. The broad question is: how prevalent and how reasonable is it for management to declare Chapter 11 bankruptcy to manipulate the corporation's creditors, employees, and stockholders to achieve management's desired end.Professor Hogg currently teaches Managerial Perspectives and Business Law at the A. B. Freeman School of Business, Tulane University. In addition, he is an adjunct faculty member at the Joseph A. Butt, S. J. College of Business Administration, Loyola University, New Orleans, Louisiana, where he teaches courses on Business Ethics and the Legal and Regulatory Environment of Business. Also, he has received several awards for excellence in teaching. His primary research is in the field of Business Ethics.Dinah Payne is licensed to practice law in the state of Louisiana. She has given a number of presentations, including a recent Continuing Legal Education Program on the use of bankruptcy as a management tool. Dr. Payne has also published articles in a number of journals, includingJournal of Business Ethics, Labor Law Journal, Managerial Accounting, andAccounting Today. She has been teaching at UNO since 1988.     

Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development

By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. I define entrepreneurial exit and demonstrate how this conceptualization provides concepts that are unique from those addressed by researchers in other domains; thus outlining a space for it within the literature. In each phase of the entrepreneurial process I explore the development of an exit strategy, reasons for exit and options for exit.     

Ethical leadership across cultures: a comparative analysis of German and US perspectives

This paper examines beliefs about four aspects of ethical leadership –Character/Integrity, Altruism, Collective Motivation and Encouragement– in Germany and the United States using data from Project GLOBE (Global Leadership and Organizational Behavior Effectiveness) and a supplemental analysis. Within the context of a push toward convergence driven by the demands of globalization and the pull toward divergence underpinned by different cultural values and philosophies in the two countries, we focus on two questions: Do middle managers from the United States and Germany differ in their beliefs about ethical leadership? And, do individuals from these two countries attribute different characteristics to ethical leaders? Results provide evidence that while German and US middle managers, on average, differed in the degree of endorsement for each aspect, they each endorsed Character/Integrity, Collective Motivation and Encouragement as important for effective leadership and had a more neutral view of the importance of Altruism. The findings are reviewed within the social‐cultural context of each country.     

Pluralistic business ethics: the significance and justification of moral free space in integrative social contracts theory

Integrative social contracts theory (ISCT) has been an influential theory in normative business ethics for well over a decade, drawing attention both as an object of criticism and as a source of inspiration. In this paper I argue that, despite this attention, the fact that it is a genuinely pluralistic theory, in the tradition of pluralistic theories of political philosophy, is often overlooked. It is in the notion of moral free space that this pluralism is most clearly expressed. This oversight is unfortunate for two reasons. Firstly, it prevents the potential of ISCT, as a normative theory of business ethics, from being appreciated fully; secondly, it leads us to ignore resources that could help tackle its most problematic flaws. In this second respect, I show how some of these flaws could be addressed by paying closer attention to the similarities between ISCT and John Rawls' theory of Political Liberalism.     

Ethical Judgment and Whistleblowing Intention: Examining the Moderating Role of Locus of Control

The growing body of whistleblowing literature includes many studies that have attempted to identify the individual level antecedents of whistleblowing behavior. However, cross-cultural differences in perceptions of the ethicality of whistleblowing affect the judgment of whistleblowing intention. This study ascertains how Chinese managers/professionals decide to blow the whistle in terms of their locus of control and subjective judgment regarding the intention of whistleblowing. Hypotheses that are derived from these speculations are tested with data on Chinese managers and professionals (n = 306). Statistical analysis largely supports the hypotheses, which suggests that an individual's locus of control does moderate the relationship between ethical judgment and whistleblowing.     

Whistleblowing,Governance and Regulation Before the Financial Crisis: The Case of HBOS

Following the financial crisis of 2008, the Treasury Committee of the UK House of Commons undertook an inquiry into the lessons that might be learned from the banking crisis. Paul Moore, head of group regulatory risk at Halifax Bank of Scotland (HBOS) during 2002–2005, provided evidence of his experience of questioning HBOS policies which resulted in his dismissal from HBOS. The problems that surfaced at HBOS during the financial crisis were so serious that it was forced to merge with Lloyds TSB, another UK bank, to form the Lloyds Banking Group in which the government took a significant stake. Moore’s evidence to the Treasury Committee revealed that long before the financial crisis, he had raised major concerns with the management of HBOS and with the Financial Services Authority (FSA), the UK financial services regulator. Moore’s evidence led to the submission of further disclosures, replies and rejoinders as evidence to the Treasury Committee. Moore’s case is therefore of considerable interest to researchers of whistleblowing because it is a rare instance of high-level whistleblowing, the details of which subsequently entered the public domain. The information revealed in evidence to the Treasury Committee sheds light on the process of whistleblowing in the context of the governance and regulation of a major UK bank that subsequently had to be rescued by government intervention during the financial crisis. The paper makes a contribution to the wider literature on whistleblowing, and to a greater understanding of aspects of the financial crisis.     

When the burger becomes halal: a critical discourse analysis of privilege and marketplace inclusion

Although a rich body of research provides insights to understanding stigma within the marketplace, much less is known regarding its direct corollary, privilege. We posit that this void is problematic as it may inadvertently support and legitimate existing socio-political arrangements which inhibit consumer wellbeing and marketplace equality. The present study addresses this gap by offering a theoretical understanding of privilege within the marketplace. Using a Foucauldian approach to privilege and power, we draw on the discursive perspective on legitimation to critically investigate the contentious debate over the inclusion of halal meat at a popular burger chain in France. In light of French political secularism (laïcité), we demonstrate how power discursively operates through narratives on rights and moral responsibility to constitute, defend and challenge a certain state of privilege within the marketplace. Our resulting theoretical discussion extends existing studies on marketplace equality and the growing body of literature related to the “marketization of religion”.     

On the geography of the new economy: perspectives from the United States

The phrase ‘new economy’ has recently become embraced by the federal statistical establishment in the United States. The rise in productivity levels in the US economy in the 1990s has been increasingly associated with particular industries and types of capital goods, which have been found to enhance the overall productivity of the national economy. This paper documents the regional distribution of industries considered to be critical in this new phase in US economic history. The federal statistical agencies have identified key sectors associated with this change in the national trajectory of production, and information-technology-related sectors are at the core of these definitions. In particular, IT-producing and IT-using industries are viewed as critical to the development of the new economy. This analysis finds the IT-producing industries are more unevenly distributed than the IT-using industries. Over the 1990–1997 time period, the IT-producing industries became more unevenly distributed, while IT-using industries exhibited a pattern of in-fill, growing more rapidly in regions with weak concentration of these industries in 1990.     

印度对中国改革开放的借鉴

世界经济中心和重心由欧洲转移到美国,然后继续向西-亚太地区移动,这是经济史角度的观察和判断。而在未来新的经济中心构造过程中,中国和印度成为最有潜力的两极,对于中印谁将领先的讨论日渐激烈。印度是公认的继中国之后又一个经济改革成功的例子。本文尝试对中印两国的改革开放过程加以对比,对两国未来的发展做出预测和建议。     

Interpreting discourse: a critical discourse analysis of the marketing of an extreme right party

Viewing marketing as an ideological discourse that places consumption in a central position in people's lives provides further insights into the construction of political marketing discourse. Politicians and political parties now follow the 'logic of the market' in their attempts to connect with voters. Critical discourse analysis can be used in general to study the nature of political marketing discourse and specifically to document the web of identities and power relations that this discourse reproduces. To illustrate this application of theory we examine the marketing of the Vlaams Blok, a successful Flemish extreme-right party. The Vlaams Blok provides a good example of how the adoption of a marketing approach is used in politics, especially in the way a political party communicates to a wide audience using market logic. The analysis echoes approaches used by advertising and marketing communications scholars and highlights the strategic use of lexical, rhetorical and other linguistic devices to brand, sell and differentiate the Vlaams Blok from other political products. The analysis demonstrates that the Vlaams Blok creates a ready-to-consume product that achieves success at the electoral 'checkout'. We set the stage for marketing scholars to help both further understand how marketing methods are deployed with increasing sophistication outside the traditional domain of marketing, and to consider the consequences of a marketing discourse in the civic sphere.     

Consumer recycling goals and their effect on decisions to recycle: A means-end chain analysis

Means-end chain theory and the laddering methodology were used to derive the goals relevant to consumers for recycling, as well as the interrelations among goals. The importance of the goals and their hierarchical structure were also tested, and their effects on attitudes, subjective norms, and past behavior determined. Data were collected on 133 consumers in a moderate-size metropolitan community by use of a random digit dialing procedure. The overall framework emerging from the analyses is one where concrete goals lead to more abstract goals, and attitudes and past behavior intervene between goals and intentions in decision making. Nineteen total goals were uncovered, with 15 ultimately found to be salient. The topmost goals in the hierarchy were “promote health/avoid sickness,” “achieve life-sustaining ends,” and “provide for future generations.” The key lower-order goals—“avoid filling up landfills,” “reduce waste,” “reuse materials,” and “save the environment”—work through such intermediary goals as “reduce messy trash,” “curtail pollution,” “save resources,” and “save the planet.” Two important terminal goals that were also at intermediate levels in the hierarchy were “save/earn money” and “it's the right thing to do.” © 1994 John Wiley & Sons, Inc.     

Black out of the blue light: An analysis of Kmart store closing decisions

We investigate the spatial and economic factors that influenced Kmart's decision to close about 600 under-performing stores as part of its Chapter 11 financial objectives review in 2002 and 2003. We develop a theoretical model of retail store location and estimate an empirical counterpart using a Logit model to investigate the economic and spatial factors that influenced this decision, including the degree and proximity of competition in the local market as well as local demographic characteristics. In general, our empirical results offer statistical support for the accepted paradigm, but our model offers modest predictive ability as to which stores were actually closed. One interesting extension is a discussion of the potential implications of store closing on the local population, especially with respect to low-income households’ access to discount stores.     

Personalism and moral leadership: the servant leader with a transforming vision

After briefly describing the philosophy of personalism this article assesses each of three normative leadership paradigms (transformational leadership, postmodern or postindustrial leadership, and servant leadership) in terms of five major themes of this phenomenological philosophy. Servant leadership appears to be closest to personalism. The critical ingredient for servant leadership is also personalism's starting point, i.e. the dignity of each human person. A genuine servant leader works with his followers in building a community of participation and solidarity. However, some claim that servant leaders are subject to manipulation by their followers. If so, and if transformational leaders, when too successful, gain too much power or manipulate using bogus empowerment, a superior approach might be provided by a combination in which a morally tough servant leader adopts certain transforming behaviors of Bass's altruistic transformational leader. The leader and the followers would focus on a jointly formulated and refined vision, avoiding manipulation by any party through a mutual commitment to participation, solidarity of community, and respect for each person.     

Moral dilemmas,moral reasons and moral learning: interpreting a real case in terms of particularistic theory

The core of the paper consists of dialogue from a true case where an employee experienced moral dilemmas following a disquieting directive from his manager. The case is considered from the perspective of Dancy's particularistic theory of moral reasons (with some insight also from Ross's theory of prima facie duties). This case was chosen not to illustrate the theory, but rather to test the assumption that an approach to moral judgement based on Ross and Dancy has general applicability. It is suggested that, in its simplest form, that approach approximates to the manner in which people in organisations, without prior knowledge of ethical theorising, would ordinarily deal with comparable situations, and so it can be relatively easy to learn given practice. Based on this case, some insight is also offered into individuals' moral learning, including their need for personal qualities such as assertiveness and independence of mind. In that context a reciprocal relationship between Dancy's approach and Werhane's thinking on moral imagination is suggested.     

Education for the moral development of managers: Kohlberg's stages of moral development and integrative education

Recent management behavior such as the PINTO gasoline tank decision has received a great deal of notoriety. In fact, repugnant examples of management amorality and immorality abound. One is forced to ask a number of questions. Does such behavior reflect a lack of a proper education in moral behavior? Can education result in moral behavior? If so, what kind of education might that be? Answers to these questions might point a way out of the moral shadows giant corporations have cast over much of the world. An attempt to answer these questions, then, might be a worthwhile venture.     

The Influence of Confucian Ethics and Collectivism on Whistleblowing Intentions: A Study of South Korean Public Employees

The current study presents the findings of an empirical inquiry into the effects of Confucian ethics and collectivism, on individual whistleblowing intentions. Confucian Ethics and Individualism–Collectivism were measured in a questionnaire completed by 343 public officials in South Korea. This study found that Confucian ethics had significant but mixed effects on whistleblowing intentions. The affection between father and son had a negative effect on internal and external whistleblowing intentions, while the distinction between the roles of husband and wife had a positive effect on those intentions. The effects of collectivism were also different depending on the specific types of collectivism. Horizontal collectivism had a positive effect on both types of whistleblowing intentions, whereas vertical collectivism did not show any significant effects on whistleblowing intentions. These results indicate that cultural traits such as Confucian ethics and collectivism may affect an individual’s whistleblowing intentions in degree and direction, making blanket predictions about cultural effects on whistleblowing difficult.     

Judging a business by its cover: An institutional perspective on new ventures and the business plan

Business plans are widely spread among new businesses, and they are supported by various universities, governmental assistance agencies, management consultants and a wide array of literature. Business plans are often taken for granted as highly useful tools that should be frequently updated and used. This study is based on data from six companies and their environments, over five years, using several forms of data collection such as interviews, observations, and archival data. In contrast to previous studies, we found that initial conformity to business plan norms gradually and without exception lead to loose coupling. Entrepreneurs who wrote business plans never updated or rarely referred to their plans after writing them.