In the wake of recent business scandals, such as Enron, public confidence in corporate integrity has been badly shaken. This text looks at the causes of concern and how business might respond, covering topics that include financial reporting, executive compensation, globalisation and business ethics.

The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organizations operate efficiently, cost minimization, wealth creation, individual self-interest and continued growth.