Virtue, Ethics and Morality in Business Essay - 1497 Words

Virtue, Ethics and Morality in Business To understand, virtue, ethics, and morality we must first understanding there meanings. According to Boatright, â€Å"†morality and ethics are interchangeable; however, they have some subtle differences.† (Ethics and Conduct of Business, Boatright) Webster’s Dictionary describes ethics as the discipline dealing with what is good and bad and with moral duty and obligation; a set or moral principles. Webster’s Dictionary describes moral as of or relating to principles of right and wrong in behavior; expressing or teaching a conception of right behavior; conforming to a standard of right behavior; sanctioned by or operative on ones conscience or ethical judgment. Webster’s Dictionary describes†¦show more content†¦I have learned that a person’s life experiences, teachings, up bringing and life overall makes up an individuals perspective on ethics and morality, in their business and personal lives. Ethical Awareness Inventory SCORING SUMMARY | |C |O |R | | | | | | |E | |MOST |9 |8 |5 |2 | |LEAST |3 |6 |4 |11 | |COMBINED SCORE |6 |2 |1 |-9 | The above scoring summary from the Ethics Awareness Inventory indicates that my personal ethical perspective is most likely to be based on character. Based on my own beliefs and understandings, I believe that the Ethical Awareness Inventory is correct in stating that character is my basis for ethical perspective. I consider who a person is and what they stand for rather than what they do. The inventory analysis states â€Å"you believe that ethics relies on the ability of individuals to make sound moral judgments† (The Williams Institute for Ethics and Management, 2003). The analysis also stated that my ethical perspective closely follows Aristotle’s way of thinking. Aristotle believed that â€Å"humans should develop the virtues that lead to rational, practical actions. These virtues enable us to respond with the right emotions and the right actions. To fail to respond is a defect, to over-respond is an excess† (Chauncey Group, 2001). Personally and profes sionally,Show MoreRelatedSimilarities and Differences in Virtue Theory, Utilitarianism, and Deontological Ethics Eth/316954 Words   |  4 PagesSimilarities 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 â€Å"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 developmentRead MoreManagement1118 Words   |  5 Pages1. 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