QUESTION 1 Product portfolio analysis can be used to examine products and brands in an organization. Examine the brands of Bidco Oil Company using the Boston Consulting Group (BCG) matrix. INTRODUCTION The BCG Growth-Share Matrix is a portfolio-planning model developed by Bruce Henderson of the Boston Consulting Group in the early 1970 ’s. It is based on the observation that a company ’s business units can be classified into four categories based on combinations of market growth and market
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Ethics Essay Virtue theory‚ utilitarianism‚ and deontological ethics are three of the different approaches to ethics. This paper will go over the similarities and differences between virtue theory‚ utilitarianism‚ and the deontological principles. It will also include information of the variations in how each concept details ethics‚ morality‚ and will also discuss a personal experience to describe the correlation between virtue‚ values‚ and moral perceptions as they relate
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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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Aristotle divides virtue into two components: intellectual and moral. Intellectual virtues are about learning to be the best you can be by understanding the world and achieving goals. Moral Virtues are about doing the greater good and being a better person‚ we can reach moral perfection by learning from our mistakes and doing what feels right naturally. According to Aristotle‚ happiness is our ultimate end toward which all our actions are aimed. Furthermore‚ Aristotle suggests that we might discover
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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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To what extent do modern versions of Virtue Ethics address the weaknesses of Aristotle’s teachings on virtue? Aristotle’s idea of Virtue Ethics was influenced by his belief that all things and all humans have a purpose (a telos). For him a complete explanation of something has to include its final cause or purpose which essentially is to realise its potential. Virtue Ethics itself is concerned with the characteristics of a person rather than how a person behaves and it is this he outlined in his
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In his Treatise of Human Nature David Hume offers two categories of virtue which aim to divide the moral terrain into the natural and the artificial virtues. In order to assess Hume’s distinction‚ I shall firstly establish what Hume identifies ‘virtue’ to be. I shall then proceed to catalogue two distinctions employed by Hume in establishing his distinction: their degree of partiality and equality and the motive distinction. As Hume’s distinction has been contested for its blurriness I shall thus
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Anabella Morabito REL 343 5J - Nickoloff 09/24/13 Three Theological Virtues: As seen in Dorothy Day’s life Dorothy Day was a living example in her lifetime‚ and still today‚ of a disciple of Jesus; all her actions rotated on the single axis which a life inspired by the Gospel provided her. If one were to look at her experience of discipleship as the only experience of the Catholic Church‚ which is called to be the working body of Jesus’ message in the world today‚ one would clearly see several
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individuals’ virtues. There are six dimensions of this ethics: Community‚ excellence‚ role identity‚ integrity‚ judgment‚ holism (University of Phoenix‚ 2009). In recent years there has been an increased interest in the application of Aristotelian virtue to business ethics. The objective of this paper is to describe the moral and intellectual virtues defined by Aristotle and the types of pedagogy that might be used to integrate virtue ethics into the business curriculum. Virtues are acquired
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WHAT ARE THE MAJOR CONFLİCTS BETWEEN VİRTUES AND UTİLİTARİANİSM ? Utilitarianism is the idea that the moral worth of an action is determined solely by its usefulness in maximizing utility. On the other hand‚ utility can be defined as pleasure‚ preference satisfaction‚ knowledge. Virtue is a pattern of thought an behavior based on high moral standards. Virtues can be placed into a broader context of values.Each individual has
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