7. Business ethics: Virtue Ethics
- Created by: Alasdair
- Created on: 23-06-17 16:35
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- 7. Business ethics: Virtue Ethics
- If business owners follow virtues and try to be more virtuous when running a business, it can lead to a more virtuous and ethically moral business
- Example
- A business founded on compassion and justice would automatically result in stakeholders being treated fairly and development being sustainable
- Example
- Whether or not a business is profitable is arguably of no concern to virtue ethics
- It is agent centred, therefore the outcome of these virtuous acts on success of a business is irrelevant
- Criticisms
- What virtues should be followed?
- Machiavelli argues that virtues are context-dependent
- e.g. deceit and violence are virtues in war as they lead to a successful end
- Machiavelli argues that virtues are context-dependent
- Virtues vary culturally, meaning it is not applicable to globalisation
- Which virtuous business people should be emulated?
- e.g. the owner of Starbucks, a company famous for tax evasion
- What virtues should be followed?
- If business owners follow virtues and try to be more virtuous when running a business, it can lead to a more virtuous and ethically moral business
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