NORTHERN CARIBBEAN UNIVERSITY
College of Business Administration and Hospitality Management Department of Business
Mrs. Leena Thyagaraj
BSAD489: Ethics and Values in Business
February 11, 2013
1. Kantian Theory
Kantian ethics are deontological, revolving entirely around duty rather than emotions or end goals. All actions are performed in accordance with some underlying maxim or principle, which are deeply different from each other; it is according to this that the moral worth of any action is judged. Kant's ethics are founded on his view of rationality as the ultimate good and his belief that all people are fundamentally rational beings. This led to the most important part of Kant's ethics, the formulation of the Categorical Imperative, which is the criterion for whether a maxim is good or bad. Kantian ethics is a theory on how one should act. The theory focuses on how one should act without putting into consideration the consequences of the particular action.
2. Virtue Ethics
Virtue ethics is currently one of three major approaches in normative ethics. It may, initially, be identified as the one that emphasizes the virtues, or moral character, in contrast to the approach which emphasizes duties or rules (deontology) or that which emphasizes the consequences of actions (consequentialism). A virtue ethicist is likely to give you this kind of moral advice: “Act as a virtuous person would act in your situation.”
3. Aristotle’s Principle of Distributive Justice
Distributive justice concerns the nature of a socially just allocation of goods in a society. A society in which incidental inequalities in outcome do not arise would be considered a society guided by the principles of distributive justice. The concept includes the available quantities of goods, the process by which goods are to be distributed, and the resulting allocation...