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ethics

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To start with, you can think of Ethics very simply as the study of value.

As one of the Foundations of Business, it provides a philosophy of value, which is complementary to the science of value provided by Economics, and helps to motivate a deeper and more reflective study of business.

what's good about business

business excellence



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What's good about business

veryard projects > business organization management > ethics > what's good about business


Why are we interested in ethics, as one of the foundations of business?
 
An appreciation of ethics provides a motive for the study of business.  Business is a Good Thing - it is a social system to produce Value - so it helps to have a well-founded understanding of value.
We want to discriminate Better and Worse business organizations -- so it helps to have a well-founded understanding of Better and Worse.
An appreciation of ethics allows us to balance economic/financial notions of value with other notions of value, including humanistic/existential ones.
Business might not always be a Good Thing. Some people are critical of individual (corrupt) organizations, or of particular styles of organizations. (Edward Heath, Conservative Prime Minister in the 1970s, once described some business activities as "the unacceptable face of capitalism".) Some people extend such criticisms to the whole of business. An appreciation of ethics allows you to engage positively with such arguments.

veryard projects - innovation for demanding change

Business excellence

veryard projects > business organization management > ethics > business excellence


There is a multitude of pet theories, institutional frameworks, and fancy nostrums about the sources/causes of business excellence.  Many of these come from management gurus (Peters & Waterman) and are published in the popular business journals (Harvard Business Review, Sloan Management Review). Some are associated with business quality awards (Deming Prize, European Quality Award, Malcolm Baldrige Award).

In these works, business excellence is typically associated with a factor X. Good businesses have X, poor businesses lack X.

Sometimes X is a measurable characteristic. Sometimes X is an observable mechanism. Sometimes X is a collection of stuff. Often the authors fail to distinguish clearly between the mechanism and its supposed outcome.

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This page last updated on March 19th, 2002
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