Business ethics main concern is how to give solutions to ethical problems that arise in a business environment and/ or working place. (White‚ Lecture #2‚ September‚ 9). Through years different philosophers have created and developed different theories that would help a business person solve these issues in order to assure the success of a business organization. However‚ three are the widest spread approaches that try to make the life in an organization easier and happier: Kantianism‚ Utilitarianism
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CONSEQUENTIALISM Consequentialist morality is built on or concerned with consequences of an action (Thiroux J & Krasemann K 2012). This theory believes that an act is not necessarily considered to be ethically right or wrong‚ but rather is judged to be morally applicable because of the consequences its position creates (Lecture Week 2). So‚ from a consequentialist viewpoint‚ a morally right action is one that creates the best overall result. For example‚ a consequentialist may claim that lying
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The idea of what is the good and the elements involved in the good are virtue‚ happiness‚ and justice is argued in “Aristotle Nicomachean Ethics”. Aristotle believes that virtue is key in finding what the good is. According to Aristotle virtue is an element that is needed in understanding what the good is. In this essay I will argue how within “Aristotle’s Nicomachean Ethics” the topic of virtue is key to finding the overall good. The idea of finding the true definition of what the good is is what
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Analyse the key features of Virtue Ethics Virtue ethics is a custom which goes back to Plato and Aristotle; it is also known as aretaic ethics‚ from the Greek word arête meaning excellence or virtue. There are a number of key features to virtue ethics‚ one of the most significant being that it is an agent-centered theory rather than act-centered theory. Therefore it asks the questions ‘What sort of person ought I to be?’ rather than ‘How ought I to act’. The concept does not focus on actions being
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studied different types of theories. Ethical theory examines the different philosophies or systems used to explain and make judgments regarding right/wrong/good/bad. Each ethical theory attempts to follow to the ethical principles that lead to success when trying to reach the best decision. We’re approached with choices in our everyday lives. Whether the decisions we make are correct or not depends on us and our own personal ethical theories we live by. The ethical theories that we’ve covered in this
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Similarities and Differences in Virtue Theory‚ Utilitarianism‚ and Deontological Ethics When talking about ethics it is hard to distinguish between ethics and morality. It is also hard to distinguish exactly what realm of ethics contributes to my everyday decisions. Ethics can be defined as “well-founded standards of right and wrong that prescribe what humans ought to do‚ usually in terms of rights‚ obligations‚ benefits to society‚ fairness‚ or specific virtues [and] ethics refers to the study and development
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Businesses are completely incompatible with virtue ethics. Discuss. Business ethics is concerned with how well a business treats its stakeholders and whether a business’s actions are seen as ethical. Within business ethics there are three approaches which could be adopted. The first approach is that a business’s main goal could be to maximise profits and nothing more‚ where the ethics of the business wouldn’t necessarily be important. This view is supported by Milton Friedman. Secondly‚ some ethicists
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The Many Different Types of Ethics Jean-Paul Sartre said it best when he stated that‚ “We are our choices”. Those four words hold probably some of the most crucial meaning‚ in terms of our human behavior and the verdicts that we as humans form‚ than most people come to realize. They relate to ethics‚ in that they truly question what really defines the obligation of “good” amongst human’s and their behavior‚ because after all the choices that we make ultimately effect how we behave. So what do humans
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In Book 2 of Aristotle’s The Nicomachean Ethics‚ he outlines his definitions of moral virtues and how they are acquired. He reaches an implicit conclusion that performing virtuous actions is not sufficient for counting as virtuous by arguing that one must perform virtuous actions in the manner of truly virtuous people in order to become virtuous. This essay will thus analyse the structure of Aristotle’s argument on the relationship of virtuous actions to one’s virtuous character. In Aristotle’s
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Applying Virtue Ethics in the Real World MGT407 M1:A1 03 – MAR – 2012 Read the Ethical Dilemma on page 106 of the Nelson & Quick text. Answer the following questions. 1. Summarize the dilemma. 2. Using consequential‚ rule-based‚ and character theories‚ evaluate Juanita ’s options 3. What should Juanita do? Why? ------------------------------------------ Whenever a young child is faced with a dilemma or reaches and ethical crossroads so often a parent
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