Business Ethics

Running head: BUSINESS ETHICS
BUSINESS ETHICS
Name of the Student
Name of the University
Author note

1
BUSINESS ETHICS
Response to Question 1.
The principle that has been selected for the current part is the theory of virtue ethics.
Virtue ethics can be defined as normative theories revolving around ethics and the values that
focus around the virtue of an individual. It is subject of discussion related to the virtues has been
a problem in various cases and thus is a matter of discussion and has been responsible for some
of the major issues in the modern business environment. Virtue ethics revolve around the
effectiveness of an individual in incorporating virtues in the general nature of operations of the
work that they are carrying out while they are a part of an organization (Bruni and Sugden 2013).
In general sense virtues relate to activities such as honesty, integrity, compassion, fidelity, self-
control, respect and others (Kristjánsson 2013). The latter are some of the most crucial skills that
must be present within the management officials and the leaders of organizations as the latter
ensures that the employees of the organization are respected and there is mutual respect between
the employees of the organization and the management and leader ship of the organization.
I have been faced with situations in which the ethics of virtue is applicable. Back in my
school days I was part of a group. The group was formed between me and my friends who
enjoyed the same passion for music. The musical instruments that we owned were very dear to
us and we used to play whenever we got a chance. While, we were attending a gig in a
neighboring town I came across a group of homeless people who were without food and shelter.
I struck me and I decided to take an initiative to help them instantly. I and my friends agreed
upon the decision of donating the money that we earned from the gig. Furthermore, I and my
friends were in unison to donate few extra bucks to support the groups of homeless people. I felt
highly satisfied by looking at the gratefulness after we offered them the nominal amount to help