In today’s world, ethics is a very big issue that involves many different views and beliefs. Ethics has become more prevalent with the general public in today’s business world. When it comes to ethics, there are three main theories. The first is the virtue theory which is all based around virtue ethics. This is sometimes simplified into being character based ethics. It states that “to be an effective person in the world one must adopt various characteristics and habits and characteristics that others would deem as praiseworthy” (Boylan, 2009). The next theory is the utilitarianism theory which is best described as the team first theory. Utilitarianism is a theory that suggests that “an action is morally right when that action produces more total utility for the group than any other alternative” (Boylan, 2009). The third theory is the deontological theory. Deontology is a “moral theory that emphasizes ones duty to do a particular action just because the action, itself, is inherently right and not through any other sort of calculations-such as the consequences of the actions” (Boylan, 2009). This is a basic overview of the three basic ethics theories that exist today.
These three ethical theories address ethics and morality with some similarities and some differences. One of the main similarities is that they both are based on doing right. They mainly differ in the idea of who they are focused on doing right for whether it is a group or an individual. One of the major differences between virtue theory and deontological is that the virtue theory focuses on being rather than doing while deontological theory.
In my life I have had many experiences where these theories come into play whether it is in work or in friendships. I have really begun to notice this in my work since I opened my own small business. The utilitarianism theory is the one that I think about the most as I run a personal training studio and everyday...