Virtue Ethics' Application to Business Ethics Essay

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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
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Macintyre would agree that the latter would fail is the tow crews were
in competition, he would however maintain that the sense of pride of
work is more important than the pursuit of profits.

Macintyre would argue that current ethics of Western corporations is
unethical, Milton Freedman’s article explaining a firms only aim is to
maximise profits and has no social responsibility would be absolutely
contested by Macintyre, who would argue that money is not the end
rather a means to a further end of social responsibility.

Kindness would be an important virtue to own, and with this character
trait you would expect the individual to shown compassion and
lovingness in a situation. For example is it acceptable to sack able
workers purely because they are excess to needs of the company and by
saving money on there wages you can earn more for yourself. The
virtuous answer would be no it is far better to treat your staff with
the up most respect than to run a business for the maximisation of
profits.

Proponents of virtue ethics could argue that by treating your staff
more virtuously you will reap finical rewards anyway. They may be more
willing…

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