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By Alan Lovell, Colin Fisher

Enterprise Ethics and Values introduces scholars to the complexities and rules of moral concerns via concentrating on constructing moral knowledge and the power to argue company ethics concerns. A confirmed source, the second one version of this article maintains to offer a winning combination of commercial concerns and educational conception, compatible for undergraduate and postgraduate scholars without or with functional adventure of the realm of organizations. It offers as a lot significance to person sense of right and wrong at paintings because it does to socially liable behaviour on the company point and in the worldwide company international.

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Additional resources for Business Ethics and Values (2nd Edition)

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This might be seen as a moral dilemma; indeed in many ways it is the central issue in business ethics. If it is true that corporations that behave in a responsible and ethical manner do in fact make better returns for their owners than do those organisations that cut corners or behave badly, then the philosophical question of whether organisations ought to behave well is redundant. Do the well-behaved hero companies actually achieve their reward and despite their tribulations win through and enter into a successful long-term relationship with their investors and reach the top of the corporate financial performance league tables, or, in folk story terms, marry the princess and ascend the throne (Czarniawska, 2004: 78)?

Market value added (MVA) – This is the difference between what investors have put into a company over a number of years and what they would get from it if they sold it at current prices. • Economic value added (EVA) – This is the amount by which investors’ current income from the company is greater or less than the return they would get if they had invested the money in something else of equal risk. In other words it is the opportunity cost of placing money in a particular company. • Price earnings ratio (P/E ratio) – This is the market value of a share in a company divided by the shareholders’ earnings.

So calling all the employees in an organisation ‘assets’ is a metaphor. If you said of a chief executive officer ‘she is a Branson among business leaders’, this would be a use of metaphor and a means of making a hero of her. It could also be a kind of paralipsis in which attention is drawn to something – that the CEO is a woman and Branson a man – while pretending to pass over it. As a form of irony this paralipsis could be taken as a criticism of the CEO. Metonymy Uses an attribute of something to represent the thing itself.

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