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principles of virtue ethics
Theories of ethics and its application to business
ethics in business present day society
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Virtue Ethics' Application to Business Ethics
As with all forms of ethics, whilst written about in a general sense
the ethical thought appear a feasible process and an appropriate way
to act and behave, it however needs to stand up against certain moral
issues to ‘test’ its fallibility. Business ethics would be one such
example.
Aristotle, the farther of virtue ethics felt community care is the
reason for the market system. A business would be selfless economic
structure and ethos. Aristotle’s word, ‘oikonomikos’ is used to show
this household trading and community-based economy
Virtue ethics as described by Aristotle has a central thesis of
improving oneself to be a better person. If everyone strives to do
this then the world would become a more productive and moral
environment to live in. He argues that the rational side of he soul
which revolves around intellectual values is the side which should be
cared for by the individual. He argues that virtue ethics is ‘at
variance with the central feature of the modern economic order.’ He
feels ‘internal goods’ are the most important to produce, these are
unique to a particular activity which use ‘analytic skill, strategic
imagination and competitive intensity.’ Fame, money and power would
therefore not come into this so would be described as unvirtuous
goals.
He gives an example of two fishing communities; the first produces
external goods and is a portrayal of current businesses. The fisherman
catch as much fish as possible to meet the demand and to make profit
which is the overriding goal. As soon as the demand for fish starts to
wane the crew will quit as there will be an ...
... middle of paper ...
...ected persons, expanding your moral
understandings by learning from others.
When natural law clearly spells out that according to the theory,
murder is wrong, virtue ethics aims to improve your character and
soul. By living a virtuous life it would be a natural progression to
realize murder is wrong.
In conclusion as with all moral codes it has its downfalls and so is
probably not the answer for mankind and although has the ‘upper hand’
over some issues, it seems woefully inadequate in others. The main
point is that it puts too much emphasis on man which for many would be
a hard task to achieve optimum morality. The code is elitist and
although it appears that man can look inside himself and his
experiences to know what is right and wrong often people need a code
or guide to ensure they are on the right track.
No decision procedure – moral decision making is too complicated to have a single criterion for decision
At first it is seen as a story about man and the evils he can do, yet
Ethics in business has many aspects to it. Ethical businesses can be hard to manage if the entity, management, or employees are unethical in their practices. Due to this it can cause undue stress on others who want to do right by the customer. There are many pressures on individuals who own, operate, and are employed by businesses. Our text book examines five of these pressures.
In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter. A company should utilize this strategy as a model for the professional behaviors and responsibilities of its constituents, and proves the occupational advancement of that business. Ethics are important in every level of a corporation, but specifically in the day-to-day actions of its members, and the image the company broadcasts to its associates is fundamental in building a stable business foundation. These pledges are a vital communication tool used to covey the firm’s standards for business operations, and predominantly, its relationships with the surrounding communities (Ethics Resource Center, 2003).
Virtue ethics is concerned with being a good person and exhibiting good virtues. Using animals for cosmetic testing purposes often times is a clear example of when one lacks virtue and exhibits vices. Being a caring, compassionate and loving person is what one would hope we all strive to be in our everyday life. Virtuous traits must move beyond the inconsistency towards animals and instead should shift these virtues into their consistency, thus including animals in moral value. For the treatment of animals to be improved upon with lasting change and equality, the argument for what is considered virtuous must expand to animals aside from humans.
In the business industry, there are ethical dilemmas that occur on a daily basis. Some ethical dilemma can include stealing or even having fraudulent documents in order to get an unfair advantage within the organization. Another ethical dilemma that has been brought into the light is bribery. What makes bribery unique is that in various parts of the world, bribery has become an acceptable behavior whereas other parts of the world people would consider that as unethical behavior. In order to understand what is acceptable or not when trying to bribe public officials, we must understand the principles of what is considered to be ethical or unethical.
tasks of using a formula to figure out what we ought to do, by instead
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
“A virtue is a trait of character manifested in habitual action,” these words said by Aristotle on virtue ethics. The word habitual meaning that someone that does something all the time and not just occasionally. For example, the virtue of honesty, is not someone who only tells the truth here and there, and what will benefit that person. This term used in normative ethics, really emphasizes the virtue of mind and character. A theory of virtue has several components within the theory like a list of virtues, what each consist of and why each of the virtue are a perfect fit in this theory. To really understand this theory, it is important to discuss it in depth, the strengths and weaknesses, and whether it rest on a sound or cogent argument.
Business ethics is a diverse field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. Does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are continuously confronted with. To understand one must
According to the western philosophy 18th century is the landmark of ethics. Ethics is derived from the Greek term ethos. Though ethics are difficult to define it talks about human behavior and it controls our behavior by telling what is good and wrong / what we should do & what we shouldn’t. There is no universalism in ethics because it depends on the culture, situation and background. Homo sexual relationships are accepted by USA but it is an unethical relationship in countries like India, Sri Lanka. This is the challenge and nature of ethics. Since it is contextual one particular system will not represent ethics. We cannot say religion = ethics. Great philosopher Jennings mentions that we need ethics because we always interact and relate
Does virtue ethics give adequate action guidance? When we are assessing the virtue ethics specifically in Aristotelian, we find that it is much more moderate than the other two moral theories, which are consequentialism and Kantian deontology. It is partly because virtue ethics takes both the motive and the consequence of an action into account, rather than only concentrating on one of them. This kind of compound value view complies with the crowd of social people’s normal thinking style.
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
Virtue is the moral excellence that an engineer has to abide by in order to achieve a sense of achievement and virtuous gratification towards his actions. Specifically, virtue ethics emphasizes the individual’s character of the action. Virtue relates to engineering by allowing engineers to practice their intellectual virtues which stems from learning and their ethical virtues which stems from habit. Virtue ethics emphasizes that it is who you are that counts and one should value character, a person’s moral habits.
Ethics is the study of right or wrong and the morality of the choices that individuals make. That basicly means the set of morals or responsibility that a person, group, or field have. Ethics can also be classified as code of morals. In business there are ethics that portray to business. These are called business ethics, business ethics just happen to be the application of ethics, morals, into the business field. Some examples of business ethics are obeying all rules and regulations even when nobody 's looking, which is pretty self explanatory, you shouldn’t be breaking rules. Even if it is as simple as washing your hands after you use the restroom or straight up lying to your customers, they are the ones making you money so if they find out