Virtue Ethics Application to Business Ethics Essay

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†¦show more content†¦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. 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