PHILOSOPHY OF ETHICS2
researchers of contemporary age. In this regard, Fraser (2018) mentioned about both the
Aristotelian and Smithian concept of virtue with due respect to the element of virtue. Both the
philosophers provide a significant role for the friendship to encourage all the elements of
virtue and become a suitable professional for any organisation. However, Steyn &
Sewchurran (2019) mentioned that in the contemporary society the concept of ethics, virtue
or dignity is getting erased. Considering the study of business school, the people or majority
of the population are aimed at gaining monitorial benefit from the outer resources. The
concept of virtue and ethics are getting narrowed by the recent business studies and attaching
the concept of virtue with the mentioned study.
Conclusion
The origin of virtue ethics has its root long back to Aristotle. Researchers also
mentioned that the root of moral virtue and ethics before the initiation of business literature.
Basically, the concept of virtue is attributed with every field of life including the physiology,
psychology, business, and culture also. The 12 virtues contain different attributes and
importance. As a concluding note it can be said that, both the Aristotelian and Confucian
ethics supports the moral thinking of every human being. The character-based approach of
begins with the presentation of ethics from the perspective of human behavior. It stresses
mainly the two components among all the 12 virtues – truthfulness and honesty to achieve the
extent of happiness.
Assignment 2: Annotated Bibliography
Ferrero, I., & Sison, A. J. G. (2017). Aristotle and MacIntyre on the virtues in
finance. Handbook of virtue ethics in business and management, 1, 2.
The study demonstrates the virtue ethics in the practice of business. In this regard the
author introduced the field of finance and provide both the concepts of Aristotle and

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