Business

Ethics

Business

Ethics

Virtue

Ethics Name Roll No.

Lakshman Chettiar PG 06 6

Ketaki Kale PG 06 20

Neel Pandya PG 06 42

Presented By:

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Business Person “A”21/01/2008

His company is not paying bonus to the workers in the last

fiscal year?

Business Person “A”21/01/2008

His company is not paying bonus to the workers in the last

fiscal year?

Business Person “B”21/01/2008

His company declared

200% bonus to the workers in the last

fiscal year ?

Business Person “B”21/01/2008

His company declared

200% bonus to the workers in the last

fiscal year ?

A’s CompanyA’s Company• A businessperson runs a profitable A businessperson runs a profitable

company.company.• Employees are satisfied.Employees are satisfied.• He holds good relation with all the He holds good relation with all the

member of the company.member of the company.• All stakeholders are given equal All stakeholders are given equal

importance.importance.• Follows all the law and order of the Follows all the law and order of the

government.government.

B’s CompanyB’s Company• Another businessperson runs a profitable Another businessperson runs a profitable

company.company.• But,But,1.1. Employees not satisfied.Employees not satisfied.2.2. There is envy among members of the There is envy among members of the

company.company.3.3. There is partiality among the There is partiality among the

stakeholders.stakeholders.4.4. Intentionally breaks law and order.Intentionally breaks law and order.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

The Fundamental Question of Ethics is:

"What should I do?"

"How should I act?"

Ethics is supposed to provide us

with "moral principles" or

universal rules that tell us

what to do.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

It is derived from latin word “Virtus”.

Virtues are habits, i.e. once they are acquired, they become characteristics of a person.

A virtue is not just a feeling.

A virtue is not just doing a given action on a given occasion.

Sin Virtue

Pride (Vanity) Humality (Modesty)

Envy (jealousy) Kindness (admiration)

Wrath

(anger)

Forgiveness (composure)

Sloth

(laziness/idleness)

Diligence

(zeal/integrity/Labor)

Greed

(avarice)

Charity

(giving)

Gluttony

(over-indulgence)

Temperance (self-restraint)

Lust

(excessive sexual appetites)

Chastity

(purity)

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

“ “ Good Actions Comes From Good Actions Comes From Good Person”Good Person”

Virtue Ethics studies what makes the character traits of people (e.g., bravery, greediness) virtuous or vicious.

Sometimes, however, it is described as an alternative approach to ethics altogether.

Virtue ethicists don’t ignore actions, but regard them as outgrowths of a person’s character. The notion of character is the morally more important concept.

Focus is on what sort of people we should strive to be, not what things should we do on individual occasion.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Virtue Ethics TheoryAcc. To Aristole TheoryAcc. To Aristole Theory• Virtues are acquired habits.Virtues are acquired habits.• Wisdom or Good Judgments are the Wisdom or Good Judgments are the

most important virtues.most important virtues.• Moral VirtuesMoral Virtues• Each virtue governs a particular Each virtue governs a particular

aspect of our life.aspect of our life.

Acc. To Mac Intyre TheoryAcc. To Mac Intyre Theory• Virtue ethics are concerned with Virtue ethics are concerned with

the professionalism of the the professionalism of the individual.individual.

• Professional Responsibility:Professional Responsibility:1.1. Self Direction Virtues.Self Direction Virtues.2.2. Public Spirited VirtuesPublic Spirited Virtues3.3. Team Work Virtues.Team Work Virtues.4.4. Proficiency Virtues.Proficiency Virtues.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

How to develop Virtue Ethics

Learning.

Practice.

Not developed in isolation.

Family, church, school, and other private and public associations.

Virtues are habits.

Becomes Characteristics.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Importance of the Virtues?

Virtuous person will fare better in life.

Virtues are needed to live well.

We need virtues to live in community with others.

Necessary to pursue our own ends and cope with life’s challenges.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Advantage of Virtue Ethics

Moral Motivation – certain situations are handled by an appeal to virtue rather than right action or duty.– Example: Visiting a friend in the

hospital– Virtue: Friendship, Love, Loyalty

Doubts about the ideal of impartiality – relationships with family and friends are difficult to account for in other moral approaches.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Criticism of Virtue Ethics

Makes the morality of individuals depend on luck?

a) Modern psychology tells us that character traits depend largely on genetics and early environment.

b) But doesn’t being moral just depend on being the person you can be in the situations you are in.

It Fails to give the guidance on how we are act? ( When a women is trying to decide whether to have an abortion, she may ask a friend “What should I Do?

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

VIRTUE ETHICS AND LEADERSHIP

story begins………

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

To begin, A PLATOON is on a rescue mission. Two members of the platoon are trapped on a hill and under fire.

Both soldiers are seriously wounded; within a few hours, they will be dead.

Between the platoon and the two soldiers is a minefield, which the platoon must breach or go around if they are to get to the trapped soldiers in time.

As the platoon leader ponders his options, he notices a civilian picking his way through the minefield. Obviously, he knows where the mines are.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

The lieutenant detains the civilian, but the man refuses to lead the platoon through the minefield.

The lieutenant offers several enticements to get the man to cooperate, but the man continues to refuse.

There is no way he is going back through that minefield. The lieutenant must make a decision that he had hoped to avoid.

There are rules for situations like this, but if he follows them, good men will die.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Case AnalysisCase Analysis

Utilitarianism Ethical Theory.

Rule Based System Ethical Theory.

Virtue Ethical Theory.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Virtues are those strengths of character that enable us to flourish

The virtuous person has practical wisdom, the ability to know when and how best to apply these various moral perspectives.

Introduction

Ethics

Virtue

Virtue Ethics

Case Study

Conclusion

Are the virtues same for Are the virtues same for everyone?everyone?

Yes• All people need virtue just to different degrees.

• Certain virtues will be necessary for some cultures.

• Radical Virtues Ethics: get rid of the notion of morally right and morally wrong.

Thank

You!!