Virtue Theory. I.Ethics/Virtue Theory As It Applies To
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I. Ethics/Virtue theory as it applies to business
The form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment in known as business ethics. It applies to all components of business conduct and is relevant to the conduct of entire organizations as well as individuals. These ethics originate from the individuals. An organization is formed from individuals; therefore, the organization’s ethical standards can be traced to the ethical standards of the individuals.
Of the many ethical theories, around, in the West and in the East, four exist that seem to be more prevalent to business and open for discussion. These four theories are: Aristotle’s virtue ethics,…show more content… Aristotle, here, is essentially claiming that unethical people are not necessarily destined to act unethical forever, but rather they are just uneducated in proper ethical practice. The key here being education.
Aristotle explains the concept of what modern society has dubbed the golden mean of moderation. This describes the phenomenon that every virtue resides somewhere between the vices of defect and excess. This means the individual must not display too much or too little. The individual must have the right amount of vices on either side of the spectrum. In Nicomachean Ethics Aristotle discusses eleven moral virtues, but just consider the example of the virtue of courage. Per Aristotle, if taken to excess, courage would manifest as recklessness, and, in deficiency, cowardice. Therefore, courage lies somewhere between recklessness and cowardice.
III. Benefits of virtue theory
Virtue ethics is centered around the individual.
It provides a map to moral reasoning and motivates us to work on morality. Other theories simply state what to do when faced with a moral dilemma. Virtue ethics force the individual to look inward and focus on self-improvement. In short, virtue ethics addresses the role of character and addresses the question of what makes a good human being. The idea being that people can train themselves to be good human beings, and therefore moral dilemmas can be solved more easily.
For Aristotle, virtue was a matter of getting into the habit of acting