Book Review: Business Ethics and Risk Management by Christoph Luetge, Johanna Jauernig
Title: A Thought-Provoking Journey into Ethical Decision-Making: Business Ethics and Risk Management
Introduction:
In the vast ocean of business literature, finding a book that captivates your mind and awakens your ethical consciousness can be quite a challenge. However, Christoph Luetge and Johanna Jauernig’s “Business Ethics and Risk Management” rises above the rest with its insightful exploration of the intricate relationship between ethics, business, and risk. With a precise focus on ethical decision-making in the corporate world, this book offers an engaging and thought-provoking journey that is sure to leave a lasting impact on its readers.
Plot:
Unlike other dry academic textbooks, “Business Ethics and Risk Management” seamlessly blends theory with real-world examples to create a cohesive narrative. The authors masterfully navigate through different aspects of business ethics, covering topics such as moral responsibility, stakeholder theory, corporate governance, and more. Through well-structured chapters that flow effortlessly from one concept to another, the book guides readers on an intellectual expedition that challenges preconceived notions about how ethics should operate within organizations.
Authors:
Christoph Luetge and Johanna Jauernig showcase their expertise in business ethics by infusing their writing with depth and clarity. While their scholarly credentials are impressive, what truly sets them apart is their ability to engage with readers by presenting complex ideas in an accessible manner. Their thought-provoking insights prompt critical thinking and encourage readers to question established norms in the business world.
Publishers:
Published by Springer Science & Business Media – a reputable publisher known for its commitment to disseminating high-quality academic works – “Business Ethics and Risk Management” maintains the publisher’s reputation for excellence. The thorough editing process ensures a polished manuscript that enhances readability without compromising on substance.
Emotional Resonance:
Reading this book was an intellectual awakening for me. Luetge and Jauernig skillfully intertwine theory with practical examples, evoking a range of emotions as I pondered the ethical dilemmas faced by companies in the real world. The book offers a balanced perspective, acknowledging the complexities of ethical decision-making in an ever-evolving business landscape. It is difficult to remain indifferent when confronted with the moral gray areas that permeate our society. “Business Ethics and Risk Management” encouraged me to reevaluate my own ethical framework and consider how it aligns with my personal and professional life.
Critique:
While “Business Ethics and Risk Management” triumphs in its aim to provoke critical thinking, there were instances where the text felt overly dense. Some concepts may require additional explanation for readers less familiar with the intricacies of business ethics. Additionally, a broader range of case studies could further enhance the book’s applicability across various industries.
Score:
On a scale of 1 to 10, I would give “Business Ethics and Risk Management” an 8. This score is reflective of its ability to educate, challenge assumptions, and leave a lasting impression on readers seeking a deeper understanding of ethics within the context of modern business practices.
Conclusion:
In an era where businesses are under increasing scrutiny for their ethical conduct, “Business Ethics and Risk Management” emerges as an essential read for professionals, scholars, and anyone seeking to navigate this complex terrain. Luetge and Jauernig’s skillful analysis coupled with their ability to ignite introspection makes this book an engaging masterpiece that will undoubtedly stand the test of time. Prepare yourself for a transformative journey into ethical decision-making by picking up this enlightening work today!
Business Ethics and Risk Management
This volume explores various aspects of risk taking. It offers an analysis of financial, entrepreneurial and social risks, as well as a discussion of the ethical implications of empirical findings. The main issues examined in the book are the financial crisis and its implications for business ethics. The book discusses unethical behaviour as a reputational risk (e.g., in the case of Goldman Sachs) and the question is raised as to what extent the financial crisis has changed the banks’ entrepreneurial strategy. The book presents an analysis of the reasons leading to the crisis and identifies them as ethical dilemma structures. In addition, it looks at general questions regarding ethical behaviour and risk taking, such as: To what extent does the social embeddedness or abstraction play a role in guaranteeing ethical behaviour? What conclusions can be drawn from institutional or evolutionary perspectives on risk management? Finally, the book discusses further issues that become factors of risk within and between societies, such as work insecurity, corruption or the problem of facilitation payments as a risk in international transactions.
publishedDate : 2013-12-01
authors : Christoph Luetge, Johanna Jauernig
publishers : Springer Science & Business Media
pageCount : 160
Business Ethics And Risk Management
Author by : Christoph Luetge
Languange Used : en
Release Date : 2013-12-01
Publisher by : Springer Science & Business Media
ISBN :
Description : This volume explores various aspects of risk taking. It offers an analysis of financial, entrepreneurial and social risks, as well as a discussion of the ethical implications of empirical findings. The main issues examined in the book are the financial crisis and its implications for business ethics. The book discusses unethical behaviour as a reputational risk (e.g., in the case of Goldman Sachs) and the question is raised as to what extent the financial crisis has changed the banks’ entrepreneurial strategy. The book presents an analysis of the reasons leading to the crisis and identifies them as ethical dilemma structures. In addition, it looks at general questions regarding ethical behaviour and risk taking, such as: To what extent does the social embeddedness or abstraction play a role in guaranteeing ethical behaviour? What conclusions can be drawn from institutional or evolutionary perspectives on risk management? Finally, the book discusses further issues that become factors of risk within and between societies, such as work insecurity, corruption or the problem of facilitation payments as a risk in international transactions....
Managing Business Ethics Compliance
Author by : Amit Das
Languange Used : en
Release Date : 2017-04-18
Publisher by : Educreation Publishing
ISBN :
Description : This book can be an integrated learning vehicle for all working professionals who aspire to become an Ethics & Compliance officer in their respective organization. In first few chapters, it has been defined business ethics as the principles and standards that determine acceptable conduct in business organizations. The acceptability of behaviour in business is determined by corporate governance, as well as each individual's personal moral principles and values. Basic ethical and corporate social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society's standards, values, and attribution. Codes of ethics, policies on ethics, and business ethics training programs to advance ethical behaviour because that prescribes which activities are acceptable and which are not, and limit the opportunity for misconduct in business processes. An ethical issue is a situation, or opportunity that requires a person to choose among several actions that may be evaluated as right or wrong, causes potential dilemma between ethical or unethical decision making which has been covered in ethical decision making chapter. To help you understand ethical issues that perplex businesspeople today, department wise ethical challenges has been captured and this book also talks about ethical leadership and organizational thought processes on ombudsman ship & dedicated full time office of ethics and compliance. This book covers latest trends and data’s on global perception index, most ethical companies, best companies in CSR activities 2016 etc. for readers....
Order Ethics Or Moral Surplus
Author by : Christoph Luetge
Languange Used : en
Release Date : 2015-03-18
Publisher by : Lexington Books
ISBN :
Description : Christoph Luetge takes on a fundamental problem of contemporary political philosophy and ethics. He questions the often implicit assumption of many contemporary political philosophers according to which a society needs its citizens to adopt some shared basic qualities, views or capabilities (here termed a moral surplus). Luetge examines the respective theories of, among others, Habermas, Rawls, Gauthier, Buchanan, and Binmore with a focus on their respective moral surpluses. He finds that each moral surplus is either not necessary for the stability of societies or cannot remain stable when faced with opposing incentives. Binmore’s idea of empathy is the only one that is, at least partly, not confronted with this dilemma. Luetge provides an alternative view termed order ethics, which weakens the necessary assumptions for modern societies and basically only relies on mutual advantages as the fundamental basis of society....
The Honorable Merchant Between Modesty And Risk Taking
Author by : Christoph Lütge
Languange Used : en
Release Date : 2019-01-11
Publisher by : Springer
ISBN :
Description : This volume explores the concept of the honest merchant, taking a broad perspective and covering a wide range of aspects. It looks at the different types of “honest merchant” conceptions originating from different cultures and literary traditions. The book covers Japanese, Islamic, Scandinavian, Russian, German, Spanish, as well as other aspects, and studies different disciplinary backgrounds of the honest merchant, such as philosophical, economic, neuroethical, sociological and literary ones. The concept of the honest merchant has a long tradition in business ethics. In the Hanseatic League and in medieval Italy, the ideal of the honest businessman was taught since the late Middle Ages. It originated during a time when travelling merchants were often regarded with a sceptical eye. The honest merchants of their time however held clear principles in their business and took responsibility for their community. In later times, the religious notions of the concept lost their pivotal place to reason and morality. This book goes beyond the tradition of discussing business ethics in association with concepts from the Hanseatic League and medieval Italy, and puts the central concept of business ethics in a much greater perspective....
Experimental Ethics
Author by : C. Lütge
Languange Used : en
Release Date : 2014-09-23
Publisher by : Springer
ISBN :
Description : Moral philosophy is no longer being pursued from arm-chairs. Instead, ethical questions are dissected in the experimental lab. This volume enables its readers to immerse themselves into Experimental Ethics' history, its current topics and future perspectives, its methodology, and the criticism it is subject to....
Order Ethics An Ethical Framework For The Social Market Economy
Author by : Christoph Luetge
Languange Used : en
Release Date : 2016-07-26
Publisher by : Springer
ISBN :
Description : This book examines the theoretical foundations of order ethics and discusses business ethics problems from an order ethics perspective. Order ethics focuses on the social order and the institutional environment in which individuals interact. It is a well-established paradigm in European business ethics. The book contains articles written by leading experts in the field and provides both a concise introduction to order ethics and short summary articles homing in on specific aspects of the order-ethical paradigm. It presents contributions describing fundamental concepts, historical roots, and the economic, social, and philosophical background of the theory. The second part of the handbook focuses on the theory's application in business, society, and politics, casting new light on an array of topics that loom large in contemporary ethical discourse....
Experiments In Ethics
Author by : Kwame Anthony Appiah
Languange Used : en
Release Date : 2010-03-30
Publisher by : Harvard University Press
ISBN :
Description : In the past few decades, scientists of human nature—including experimental and cognitive psychologists, neuroscientists, evolutionary theorists, and behavioral economists—have explored the way we arrive at moral judgments. They have called into question commonplaces about character and offered troubling explanations for various moral intuitions. Research like this may help explain what, in fact, we do and feel. But can it tell us what we ought to do or feel? In Experiments in Ethics, the philosopher Kwame Anthony Appiah explores how the new empirical moral psychology relates to the age-old project of philosophical ethics. Some moral theorists hold that the realm of morality must be autonomous of the sciences; others maintain that science undermines the authority of moral reasons. Appiah elaborates a vision of naturalism that resists both temptations. He traces an intellectual genealogy of the burgeoning discipline of "experimental philosophy," provides a balanced, lucid account of the work being done in this controversial and increasingly influential field, and offers a fresh way of thinking about ethics in the classical tradition. Appiah urges that the relation between empirical research and morality, now so often antagonistic, should be seen in terms of dialogue, not contest. And he shows how experimental philosophy, far from being something new, is actually as old as philosophy itself. Beyond illuminating debates about the connection between psychology and ethics, intuition and theory, his book helps us to rethink the very nature of the philosophical enterprise....