Aristotelian Virtue Theory of Ethics and its Application in Australian Businesses

Running Head: BUSINESS & PROFESSIONAL ETHICS
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BUSINESS & PROFESSIONAL ETHICS 2
CONTENTS
ADDITIONAL THEORY.....................................................................................................................3
Aristotelian Virtue Theory Of Ethics.................................................................................................3
Association of Aristotelian Theory of Virtue with the Australian Business Case..............................3
Limitations of the Theory With Respect To the Case of Australian Businesses................................4
1. Moral Schizophrenia:.............................................................................................................4
2. Lack of Focus:.......................................................................................................................4
3. Self-centered Attitude:...........................................................................................................4
THEORY EXTENSION THROUGH VIRTUE ETHICS & EPISTEMOLOGY..................................4
CONCLUSION.....................................................................................................................................6
Utilitarian Theory of Happiness:.......................................................................................................6
Kantian Theory of Goodwill:.............................................................................................................6
Aristotelian Theory of Virtue:...........................................................................................................6
Virtue Epistemology & Virtue Ethics:...............................................................................................6
REFERENCES......................................................................................................................................8

BUSINESS & PROFESSIONAL ETHICS 3
ADDITIONAL THEORY
Aristotelian Virtue Theory of Ethics
The Aristotelian theory of virtue discusses the belief that virtue is not a capacity or a
feeling; it is hence, a state of mind. It also revolves around Aristotle's belief in virtue through
the following reasons;
1. Acquiring the principles of conduct is ineffective and useless because of the fact that
we are already having virtues. This can, however, be the opposite in some special
situations.
2. These principles of conduct might become defective in the time of practical matters
(Hutchinson, 2015).
Association of Aristotelian Theory of Virtue with the Australian Business Case
The case links the factors of why many businessmen think ethics education is
imperative in the modern times, which includes shaping the minds of the young people who
will become future entrepreneurs of Australia and the international world. In general
research, the ethics of duty and virtue share the following four tasks that may or may not be
applicable to both of the factors;
1. Morality understanding.
2. Prescribing of the social norms and rules.
3. Justification of those social norms and rules.
4. Describing how all these factors fit into our daily lives (Van Hooft, 2014).
The Aristotelian theory solely relies on the completion of a virtuous deed through the
character of an ethically virtuous person (Hutchinson, 2015). It also discusses how the
decision of making ethics education necessary in Public schools across Australia might be a
virtuous act as it is helping in the shaping of young minds into better people, entrepreneurs,
managers and the inculcation of these behaviors in them so that they can be protected from