Studies in Religion and Ethics 1 Aristotle’s Virtue Ethics Virtue ethics is a theory concerned with the character development of a person‚ rather than the rules of how they behave or the consequences of their actions. A virtue ethicist will say that it is not the action which someone takes or the consequences of that action which are important‚ but rather what the decision to act says about that person’s moral character. Virtue ethics was first associated with the great Greek philosopher Aristotle
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Legal Ethics from Deontological‚ Utilitarian and Casuistry Perspectives | | | | | | Deontological ethics are concerned with the intent of an action without regard to the outcome‚ while utilitarian ethics are concerned only with the consequences of the action. Some argue that the legal code of ethics is derived from a utilitarian theory‚ while others argue that it is derived from deontological theory. As deontological ethics are the polar opposite of utilitarian ethics‚ it should
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Enron debacle: Case Report Table of Contents I. Understanding the Entity: Business Risk Assessment 1. Nature of the entity 1.1. Brief introduction: Enron Corporation‚ a Houston based giant company‚ conducted energy trading business and gas pipeline transportation and distribution business in the energy and industrial sectors. 1During the 1990s‚ Enron transferred from a natural gas supplier and to an intermediary midstream company facilitating distributions
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When we talk about whether or not a person is ethically right‚ we can look at the actions that he or she may partake in. These actions maybe studied in different situations such as the one that we were told to evaluate. While leaving the grocery store‚ one witnesses an old man struggling with his oxygen tank. Without thinking‚ you lift the tank and help the elderly man. This action is a kind gesture‚ but would we consider this a moral act? One could analyze this situation with two different ethical
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With any approach to ethics there will be conflicts‚ ambiguity or in some cases inconsistency. However in all approaches to ethics‚ such as Kantianism‚ Utilitarianism or in this case virtue there will be logical‚ rational and sound decisions made and outcomes produced. Virtue ethics is influenced heavily by Aristotle whose Nichomachean ethics was based on the teleological idea that nature is for a purpose i.e. Sex is for reproduction. One clear advantage of the virtue ethics system is that as opposed
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Government and Business February 13‚ 2013 The Collapse of Enron This case is about the collapse of Enron Corporation who at the height of their career was named by Fortune magazine as the most innovative company in America and was ranked seventh on the Fortune 500. At the topmost point of the company Enron employed 19‚000 people and retained annual revenues in surplus of $100 billion dollars. Enron was formed in 1985 through a merger of Houston Natural Gas and InterNorth of Omaha‚ Nebraska;
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Enoc from the Western perspective‚ we can say that it is both‚ duty and virtue ethics. Duty ethics is the principles‚ obligations or rule based ethics; Enoc has its’ own ethical principles that they follow which makes them duty oriented. In addition‚ virtue ethics is when the significance is on an individual character as the key element of ethical thinking; Enoc has also shown virtue since they don’t only follow the principles‚ but they
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Enron‚ Ethics And Today’s Corporate Values Enron’s heyday has long ended. But its lessons will long endure. The global business community is now watching a painful new chapter is this saga — one where its former high-riding chief executive officer‚ Jeff Skilling‚ is getting a decade shaved off of his prison term that should now end in 2017. Enron: The Smartest Guys in the Room (Photo credit: Wikipedia) The company’s failure in 2001 represents the biggest business bankruptcy ever while also spotlighting
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Enron Case Answer 1. Who were the key stakeholders involved in‚ or affected by‚ the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Outline: Key stakeholders involved or affected by the collapse of Enron How were the key stakeholders hurt or helped by the actions of Enron management The degree of Enron management actions’ hurt or helps to the key stakeholders The key stakeholders involved or affected by the collapse of Enron were thousands
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Gibney’s film version of the rise and fall of Enron‚ do you accept Joel Bakan’s argument that the corporation shows “psychopathic” traits? I agree with Joel Bakan‚ however‚ just partially about the corporation Enron showing ‘psychopathic’ traits. Yes there are traits that they were doing unethical actions that completely ruin many people life-long works and their lives; nonetheless‚ in my opinion‚ those actions were intentional. The executives at Enron were gambling intelligently‚ according to the
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