Higher Education

Business and Society: Ethics, Sustainability, and Stakeholder Management, 8th Edition

  • Archie B. Carroll University of Georgia
  • Ann K. Buchholtz Rutgers University
  • ISBN-10: 0538453168  |  ISBN-13: 9780538453165
  • 768 Pages
  • Previous Editions: 2009, 2006, 2003
  • © 2012 | Published
  • College Bookstore Wholesale Price = $262.50
  • Newer Edition Available
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About

Overview

Demonstrate for your students the importance of business ethics, sustainability and stakeholder management from a strong managerial perspective with Carroll/Buchholtz's BUSINESS AND SOCIETY: ETHICS, SUSTAINABILITY, AND STAKEHOLDER MANAGEMENT, 8E. Students learn how effective business decision makers balance and protect the interests of various stakeholders, including investors, employees, the community, and the environment -- particularly as business recovers from a perilous financial period. Proven content emphasizes the social, legal, political, and ethical responsibilities of a business to both external and internal stakeholder groups. The authors effectively balance strong coverage of ethics and the stakeholder model with a new focus on one of business's most recent, urgent mandates: sustainability. This edition's new sustainability clearly reflects the interconnectivity between business and the natural, social, and financial environments, illustrating how all three must be maintained in balance to sustain current and future generations. A wealth of new real business cases and "Ethics in Practice" cases blend with coverage of the most recent research, laws and examples. Practical applications teach future managers to focus their reasoning and enhance the precision with which they consider and make ethical decisions. With this edition's comprehensive package, including a Test Bank correlated to AACSB standards, dynamic new website and other resources, you can provide your students with the solid understanding of ethical, sustainability and stakeholder issues they need for success in business and today's society.

Features and Benefits

  • EXPANDED COVERAGE OF CORPORATE GOVERNANCE GIVES MORE PROMINENCE TO THIS CRITICAL TOPIC: Early coverage of Corporate Governance in Part 2 of this edition demonstrates how critical this topic is to strategic management.
  • CLEAR LEARNING OUTCOMES FOR EACH CHAPTER GUIDE STUDENTS' FOCUS: Proven Learning Outcomes articulate learning goals for each chapter and provide consistent structure for self-testing and review.
  • CONVENIENT CASE CORRLEATION GUIDE HELPS YOU SELECT THE BEST CASES FOR EACH POINT IN YOUR COURSE: This edition's useful Case Matrix, conveniently located on the book's inside back cover, suggests appropriate chapters for incorporating each of the end-of-text cases, while still providing you with the ultimate flexibility in case usage. Many of your favorite cases from past editions are available in this edition's Instructor's Manual.
  • "ETHICS IN PRACTICE" CASE GUIDE PROVIDES DIRECTION IN MOST EFFECTIVELY INTEGRATING CASES INTO YOUR COURSE: The helpful "Ethics in Practice" Case Matrix, conveniently located in the Instructor's Manual, offers at-a-glance suggestions for linking this edition's "Ethics in Practice" Cases to particular chapters. This tool makes it simple for you to assign appropriate cases at times that will be most meaningful for your students.

Table of Contents

Part I: BUSINESS, SOCIETY, AND STAKEHOLDERS.
1. The Business and Society Relationship.
2. Corporate Citizenship: Social Responsibility, Responsiveness, and Performance.
3. The Stakeholder Approach to Business, Society, and Ethics.
Part II: CORPORATE GOVERNANCE AND STRATEGIC MANAGEMENT ISSUES.
4. Corporate Governance: Foundational Issues.
5. Strategic Management and Corporate Public Affairs.
6. Issues Management and Crisis Management.
Part III: BUSINESS ETHICS AND MANAGEMENT.
7. Business Ethics Fundamentals.
8. Personal and Organizational Ethics.
9. Business Ethics and Technology.
10. Ethical Issues in the Global Arena.
Part IV: EXTERNAL STAKEHOLDER ISSUES.
11. Business, Government, and Regulation.
12. Business Influence on Government and Public Policy.
13. Consumer Stakeholders: Information Issues and Responses.
14. Consumer Stakeholders: Product and Service Issues.
15. The Natural Environment as Stakeholder.
16. Business and Community Stakeholders.
Part V: INTERNAL STAKEHOLDER ISSUES.
17. Employee Stakeholders and Workplace Issues.
18. Employee Stakeholders: Privacy, Safety, and Health.
19. Employment Discrimination and Affirmative Action.
Case TOC
1. Wal-Mart: The Main Street Merchant of Doom.
2. The Body Shop: Pursuing Social and Environmental Change.
3. The Body Shop's Reputation is Tarnished.
4. The Body Shop International PLC (1998-2010).
5. The Benefit Corporation: Making a Difference While Making Money.
6. The Waiter Rule: What Makes for a Good CEO?
7. Using Ex-Cons to Teach Business Ethics.
8. To Hire or Not to Hire.
9. The Travel Expense Billing Controversy and the False Claims Act.
10. Phantom Expenses.
11. Family Business.
12. Should Businesses Hire Undocumented Workers?
13. The High Cost of High Tech Foods.
14. Something's Rotten in Hondo.
15. Nike, Inc. and Sweatshops.
16. Coke and Pepsi in India: Issues, Ethics, and Crisis Management.
17. Chiquita: An Excruciating Dilemma Between Life and Law.
18. Astroturf Lobbying.
19. Goldman Sachs and Greece.
20. DTC: The Pill-Pushing Debate.
21. Big Pharma's Marketing Tactics.
22. Firestone and Ford: The Tire Tread Separation Tragedy.
23. McDonald's: the Coffee Spill Heard 'Round the World.
24. The Betaseron Decision (A).
25. The Hudson River Cleanup and GE.
26. The BP Oil Spill and Mental Health.
27. New Belgium Brewery: Building a Business on Sustainability.
28. Safety? What Safety?
29. Felony Franks – Home of the Misdemeanor Wiener.
30. Goodbye, Indiana – Hello, Mexico: the Whirlpool Plant Closing.
31. A Moral Dilemma: Head Versus Heart.
32. Wal-Mart and Its Associates: Efficient Operator or Neglectful Employer?
33. The Case of the Fired Waitress.
34. After-Effects of After-Hours Activities: The Case of Peter Oiler.
35. Is Hiring on the Basis of "Looks" Justified or Discriminatory?
36. The Case of Judy.

What's New

  • NEW SUSTAINABILITY THEME THROUGHOUT THIS EDITION REFLECTS THIS RECENT, URGENT MANDATE IN BUSINESS TODAY: This edition incorporates a new central theme of sustainability in response to today's growing emphasis in business on the interrelationship and importance of balancing natural, social, and financial environments for current and future generations. In addition to integrated sustainable examples throughout the text, new "Spotlight on Sustainability" features in each chapter highlight the growing emphasis on business sustainability and how specific chapter topics relate.
  • THE MOST RECENT COVERAGE HIGHLIGHTS THE LATEST RESEARCH, LAWS, CASES, AND EXAMPLES: This edition provides the most current information on sustainability and ethics to guide students through decision making within the stakeholder framework. Students examine today's most recent ethics scandals and their impact on business, society, organizations, and people. This edition discusses recent developments within the important Sarbanes–Oxley Act and Alien Tort Claims Act as well as the impact of new legislation, such as the Credit Card Act in 2010 and Consumer Financial Protection Act of 2010.
  • NEW "ETHICS IN PRACTICE" CASES TEST FUTURE MANAGERS' RESPONSES TO ACTUAL ETHICAL CHALLENGES IN TODAY'S WORKPLACE: Fresh, new "Ethics in Practice" Cases woven throughout this edition prepare future managers for business situations that will test their values and ethics. These short cases feature actual ethical conflicts companies face, as well as dilemmas former students have confronted personally in their full- and part-time work experiences.
  • NEW AND UPDATED END-OF-TEXT CASES PROVIDE ABUNDANT OPPORTUNITIES TO APPLY STAKEHOLDER AND ETHICAL SYSTEMS TO SPECIFIC BUSINESS PROBLEMS: Thirty-six end-of-text cases offer new cases highlighting Goldman Sachs, the BP oil spill, the Whirlpool plant closing in Indiana, and New Belgium Brewery's quest to become sustainable. Twenty of this edition's cases are revised and updated. Cases vary in length and include classic cases with ongoing impact as well as the most recent developments. A convenient Case Matrix makes it simple to incorporate cases into your course at the best times.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Bundle: Business and Society: Ethics, Sustainability, and Stakeholder Management, 8th + Global Economic Watch GEC Resource Center Printed Access Card

ISBN-10: 1133501249  | ISBN-13: 9781133501244

List Price = $348.95  | College Bookstore Wholesale Price = $262.50

This Bundle Includes:

  • Business and Society: Ethics, Sustainability, and Stakeholder Management
    List Price = $349.95  | CengageBrain Price = $349.95  | College Bookstore Wholesale Price = $262.50
  • Global Economic Watch GEC Resource Center Printed Access Card
    List Price = $30.00  | College Bookstore Wholesale Price = $22.50


Bundle: Text + Management CourseMate with eBook Printed Access Card

ISBN-10:  1133645666  | ISBN-13:  9781133645665

List Price = $352.95  | College Bookstore Wholesale Price = $261.75

This Bundle Includes:

  • Business and Society: Ethics, Sustainability, and Stakeholder Management
    List Price = $349.95  | CengageBrain Price = $349.95  | College Bookstore Wholesale Price = $262.50
  • Management CourseMate with eBook Printed Access Card
    List Price = $244.00  | College Bookstore Wholesale Price = $183.00


Printed Text + Global Economic Crisis Online Instant Access Code

ISBN-10:  113328583X  | ISBN-13:  9781133285830

List Price = $348.95  | CengageBrain Price = $348.95  | College Bookstore Wholesale Price = $262.50

This Bundle Includes:

  • Business and Society: Ethics, Sustainability, and Stakeholder Management
    List Price = $349.95  | CengageBrain Price = $349.95  | College Bookstore Wholesale Price = $262.50
  • Global Economic Crisis Online Instant Access Code
    List Price = $30.00  | CengageBrain Price = $30.00  | College Bookstore Wholesale Price = $30.00


Printed Text + WebTutor™ on WebCT™ Instant Access Code

ISBN-10:  1133850502 | ISBN-13:  9781133850502

List Price = $361.95  | College Bookstore Wholesale Price = $272.50

This Bundle Includes:

  • Business and Society: Ethics, Sustainability, and Stakeholder Management
    List Price = $349.95  | CengageBrain Price = $349.95  | College Bookstore Wholesale Price = $262.50
  • WebTutor™ on WebCT™, 1 term (6 months) Instant Access
    List Price = $52.00  | College Bookstore Wholesale Price = $52.00


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Management CourseMate with eBook Instant Access Code  (ISBN-10: 1111750238 | ISBN-13: 9781111750237)

The engaging, new BUSINESS AND SOCIETY, 8E CourseMate website offers a dynamic way to bring concepts to life with interactive learning, study, and exam preparation tools that support this printed edition of the text. Watch student comprehension soar with interactive quizzes, Key Terms, Crossword Puzzles, Interactive Flashcards, and other learning tools for each chapter. A complete e-book provides the choice of an entire online learning experience.

List Price = $244.00  | CengageBrain Price = $244.00  | College Bookstore Wholesale Price = $244.00

Instructor's Resource CD-ROM  (ISBN-10: 053846674X | ISBN-13: 9780538466745)

Place all of the teaching resources you need at your fingertips with this all-in-one resource. Find everything you need to plan, teach, grade, and assess student understanding and progress. This CD includes the Instructor's Manual, ExamView® computerized Test Bank, PowerPoint® slides, and more.

DVD Video  (ISBN-10: 0538466731 | ISBN-13: 9780538466738)

Bring business and concepts of ethics, sustainability and stakeholder management to life in your course with these dynamic videos that correspond with the new edition. Suggestions for video usage are provided in the Instructor's Manual, making it easy to gain the most from this exceptional resource.

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111750033 | ISBN-13: 9781111750039)

Jumpstart your course with this interactive, web-based, teaching and learning resource designed specifically for BUSINESS AND SOCIETY, 8E. You can easily add, edit, reorganize, or delete content to customize to your needs. WebTutor™ ensures students leave with the resources and skills they need to succeed. Students learn from interactive, online study tools, including quizzing, web links, discussion topics and more. Use this effective resource as an integrated solution for distance learning or a Web-enhanced course.

List Price = $52.00  | CengageBrain Price = $52.00  | College Bookstore Wholesale Price = $52.00

WebTutor™ on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 111175005X | ISBN-13: 9781111750053)

Jumpstart your course with this interactive, web-based, teaching and learning resource designed specifically for BUSINESS AND SOCIETY, 8E. You can easily add, edit, reorganize, or delete content to customize to your needs. WebTutor™ ensures students leave with the resources and skills they need to succeed. Students learn from interactive, online study tools, including quizzing, web links, discussion topics and more. Use this effective resource as an integrated solution for distance learning or a Web-enhanced course.

List Price = $52.00  | College Bookstore Wholesale Price = $52.00

Examview® Electronic Testing  (ISBN-10: 0538466782 | ISBN-13: 9780538466783)

Make testing simple as ExamView®, the easy-to-use test-generating program, enables you to create printed tests, Internet tests, and online (LAN-based) tests quickly. Enter your own questions or customize questions and the appearance of your tests. You can create a test in minutes using a step-by-step selection process. Testing for each chapter includes true/false, multiple-choice, short-answer, and essay questions correlated to AACSB guidelines and learning standards and identified by level of difficulty.

Powerpoint®  (ISBN-10: 0538466774 | ISBN-13: 9780538466776)

Bring your lectures to life as you connect with your students and clarify concepts using a set of PowerPoint® lecture presentation slides that reinforce the latest content for each chapter in this edition. These slides highlight and help students synthesize key concepts with a complete set of basic lecture notes for you. Slides are available for download in CourseMate or on the IRCD.

Student Supplements

Management CourseMate with eBook Instant Access Code  (ISBN-10: 1111750238 | ISBN-13: 9781111750237)

Make the grade with BUSINESS AND SOCIETY, 8E CourseMate! This interactive website helps you make the most of your study time with everything you need to succeed online. An interactive eBook allows you to take notes, highlight, bookmark, and search the complete e-book. Interactive quizzes, links to related websites, Key Terms, Crossword Puzzles, and Interactive Flashcards for each chapter help you master today's most important business concepts.

List Price = $244.00  | CengageBrain Price = $244.00  | College Bookstore Wholesale Price = $244.00

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111750033 | ISBN-13: 9781111750039)

Stay connected to your instructor, classmates, and textbook content! More than just an interactive study guide, WebTutor™ is an anytime, anywhere online learning resource. You'll find a full array of online study tools, including quizzing, web links, discussion topics and more. Tools work seamlessly with the text's companion website to provide a dynamic learning environment and help you stay ahead of the game.

List Price = $52.00  | CengageBrain Price = $52.00  | College Bookstore Wholesale Price = $52.00

WebTutor™ on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 111175005X | ISBN-13: 9781111750053)

Stay connected to your instructor, classmates, and textbook content! More than just an interactive study guide, WebTutor™ is an anytime, anywhere online learning resource. You'll find a full array of online study tools, including quizzing, web links, discussion topics and more. Tools work seamlessly with the text's companion website to provide a dynamic learning environment and help you stay ahead of the game.

List Price = $52.00  | College Bookstore Wholesale Price = $52.00

Printed Text + Management CourseMate with eBook Instant Access Code  (ISBN-10: 1285262174 | ISBN-13: 9781285262178)

List Price = $361.95  | CengageBrain Price = $361.95  | College Bookstore Wholesale Price = $272.50

Meet the Author

Author Bio

Archie B. Carroll

Dr. Archie B. Carroll is Robert W. Scherer Chair of Management and Corporate Public Affairs, Emeritus, and Professor of Management Emeritus in the Terry College of Business, University of Georgia. He is also part-time Director of the Nonprofit Management and Community Service Program in the Terry College. Dr. Carroll received his three academic degrees from The Florida State University in Tallahassee. He has published numerous books, chapters, articles, and encyclopedia entries. His research has appeared in the ACADEMY OF MANAGEMENT JOURNAL, ACADEMY OF MANAGEMENT REVIEW, BUSINESS AND SOCIETY, JOURNAL OF MANAGEMENT, BUSINESS ETHICS QUARTERLY, JOURNAL OF BUSINESS ETHICS, BUSINESS ETHICS: A EUROPEAN REVIEW, and many others. He has served on the editorial review boards of BUSINESS AND SOCIETY, BUSINESS ETHICS QUARTERLY, ACADEMY OF MANAGEMENT REVIEW, JOURNAL OF MANAGEMENT, and the JOURNAL OF PUBLIC AFFAIRS. Professionally, he is former division chair of the Social Issues in Management (SIM) Division of the Academy of Management, a founding board member of the International Association for Business and Society (IABS), and past president of the Society for Business Ethics. He was elected Fellow of the Southern Management Association (1995) and Fellow of the Academy of Management (2005). Dr. Carroll has also been recognized with the Sumner Marcus Award (1992) for Distinguished Service by the SIM Division of the Academy of Management; Distinguished Research Award (1993) by Terry College of Business, University of Georgia, for his work in corporate social performance and business ethics; and Distinguished Service Award (2003) by the Terry College of Business. He was named Professor Emeritus (2005) and in 2008 he received the Outstanding Ph.D. Award from the College of Business, Florida State University.

Ann K. Buchholtz

The late Dr. Ann K. Buchholtz was Professor of Leadership and Ethics and Research Director of the Institute for Ethical Leadership in the Rutgers Business School at Rutgers University. She received her Ph.D. from the Stern School of Business at New York University. Dr. Buchholtz’s research focused on the social and ethical implications of corporate governance, in particular, and the relationship of business and society in general. Her work has appeared in Business and Society, Business Ethics Quarterly, the Academy of Management Journal, the Academy of Management Review, the Journal of Management, Organization Science, the Journal of Management Studies, and Corporate Governance and International Review. She served on the editorial boards of Business and Society and Business Ethics Quarterly. Her teaching and consulting activities focused on the areas of business ethics, social issues, strategic leadership, and corporate governance. Her service learning activities in the classroom received a Trailblazer Advocate of the Year award from the Domestic Violence Council of Northeast Georgia. She was the recipient of numerous teaching awards, including Profound Effect on a Student Leader. She was also named Senior Teaching Fellow at the University of Georgia. Dr. Buchholtz was past Division Chair of the Social Issues in Management Division of the Academy of Management. She served on the Board of Governors of the Academy of Management and the ethics task force that designed a Code of Ethics for the Academy and became the inaugural chairperson of the Academy’s Ethics Adjudication Committee when the code was put into effect. In 2015, she received the Sumner Marcus Award from the SIM Division of the Academy of Management.