Comprehensive Analysis: The Virtuous Business Model Report

This report analyzes the Virtuous Business Model (VBM), summarizing the article "Virtuous Leaders & Organizations" and defining virtue. It explores the VBM, including its application and benefits, and identifies strengths like added morality and areas for improvement, such as becoming more professional. The report outlines an HR organizational development plan to enculturate the VBM in the workplace, emphasizing its use in business to prioritize stakeholders and incorporate spiritual, social, and economic capital. The paper also discusses the implementation of the VBM, the role of HR in integrating it into organizational policies, and the model's evolution in business practices. The report concludes by highlighting the VBM's effectiveness and relevance in contemporary business strategies.

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The Virtuous Business Model
Name of the Student
Name of the University
Author Note

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Table of Contents
Introduction................................................................................................................................3
Summary of the Article..........................................................................................................3
Defining Virtue......................................................................................................................4
The Virtuous Business Model (VBM)...................................................................................4
Seminary Professor Consultation...........................................................................................4
Use of the Virtuous Business Model......................................................................................5
One Strength and One Area of Improvement or Expansion..................................................5
HR Org Development Plan to Enculturate the VBM in the Workplace................................5
Conclusion..................................................................................................................................6
References..................................................................................................................................7

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Introduction
Business world has been found to adopt several strategies to enhance the business
operations from within, before implementing them to the business scenario in the market and
to the customers. The business world has always implemented business models that are
advantageous to the business as well as the stakeholders. The Virtuous Business Models are
hence developed to provide the stakeholders with enhanced values, irrespective of the values
or benefits added to the business. The following would be the analysis of the Virtuous
Business Model as the newly implemented business plan.
Summary of the Article
The article that has been presented in this regard presents the idea about the business
organization which adopts the idea of a Virtuous Business Model and the idea behind the
adoption of this business model. The article provides the basic idea behind organizations
thinking about putting the stakeholders above all the others in the business organization is the
latest theory or strategy that is being adopted (Brooker & Boyce, 2018). In this way, the
owners of the business organizations are trying to formulate a business scenario where
offering much more value to the stakeholders to make sure that the business affects them in
the most feasible and advantageous way possible is what thought to be ‘virtuous’ and it is
thought that it is the way for a business organization to reach ‘superiority’. This way, the
people associated with the organization is regarded to be morally excelling than the others.
The stakeholders considered in this regard is both the external and the internal stakeholders,
thus the organizations adopting the Virtuous Business Model is providing the priority and
value to both the employees of the organization as well as the customers.

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Defining Virtue
Virtue is generally defined as the way that a person sets up his behavioural principle
to be regarded as morally excelling than the others. The person is called virtuous only when
the behavioural characteristics of the person is regarded as good according to the way in
which the person is represented as honest, respectful, courageous, forgiving, and kind. The
same overview is set for the business prospects as well. They want to excel in their
behavioural goals by proving to be kind to the stakeholders and providing them the priority
for all the benefits irrespective of the virtue maintained during the accomplishments of the
objectives of the business altogether.
The Virtuous Business Model (VBM)
Virtuous Business Model or VBM is based upon the ‘Be-Know-Do’ or BKD model of
leadership development that describes the holistic notion in which the business can be
recognized in the virtue of being, knowing and doing. This model is further divided into the
corresponding domains with the virtuous leader models. These models are the Spiritual
Domain, the Personal Domain and the Professional Domain (Bauman, 2018). The
characteristics of the Spiritual Domain is identified as critical thinker and courageous, the
Personal Domain is identified as respectful, relational and reconciling and the Professional
Domain is integral, inspirational and inclusive. If a business model is running keeping all
these aspects in mind, then it is mostly involving the human characteristics in the professional
business world for creating superiority.
Seminary Professor Consultation
The professors who have been researching in the topic of business organizations in
adopting the Virtuous Business Model have found out that this aspect or strategy is mostly

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focused on because of the decline in the moral failures in business in the 2000’s. They have
regarded this issue as the folly of God for removing the failed businesses from the markets.
Use of the Virtuous Business Model
The use of VBM in the business aspects affects the capital of the business and as per
the moral human values, they can be regarded as the following:
Spiritual Capital: The use of VBM has made the organization be more spiritual by
adding centred, creative and compassionate approach.
Social Capital: Social Capital in the business represents the sincere and synergetic
service due to the influence of VBM.
Economic Capital: Economic Capital is rendered to be principled, proficient and
profound after the VBM implementation.
One Strength and One Area of Improvement or Expansion
Strength: The morality is added to the business where only the gaining of business
goals is not focused on declining the need of the stakeholders.
Area of Improvement: The business prospects can be a little more professional than
humanitarian in nature.
HR Org Development Plan to Enculturate the VBM in the Workplace
Since the 2010s, the HR departments have been incorporating the VBM models in the
business prospects and policies to make the organizations be more compassionate and
provide priority to the stakeholders of the business.

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Conclusion
In conclusion, it can be said that the VBM model has been effectively described in
this particular article by the author along with the history of evolution from which this
method has been culminated. The reasons for which the VBM model was first thought to be
incorporated in business models is also described in details along with the implementation
models by which HR departments have been successfully implementing them in the
organizational policies. This article has been a successful one in implementing in the idea of
VBM and the back idea of why it had been implemented in the business prospect in the first
place.

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References
Bauman, D. C. (2018). Plato on virtuous leadership: An ancient model for modern
business. Business Ethics Quarterly, 28(3), 251-274.
Brooker, M., & Boyce, J. W. (2018). Virtuous Leaders & Organizations. The DeVoe Report,
56 - 60.