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Why do we need to study ethics essay

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Virtue Ethics

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Virtue Ethics (Stanford Encyclopedia of Philosophy)

What qualifies as business ethics in history has changed over time and the different areas of ethics are important to every business. The management team sets the tone for how the entire company runs on a day-to-day basis. When the prevailing management philosophy is based on ethical practices and behavior, leaders within an organization can direct employees by example and guide them in making decisions that are not only beneficial to them as individuals, but also to the organization as a whole. Building on a foundation of ethical behavior helps create long-lasting positive effects for a company, including the ability to attract and retain highly talented individuals, and building and maintaining a positive reputation within the community.
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Ethics or moral philosophy is a branch [1] of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior ". Ethics seeks to resolve questions of human morality by defining concepts such as good and evil , right and wrong , virtue and vice , justice and crime. As a field of intellectual inquiry, moral philosophy also is related to the fields of moral psychology , descriptive ethics , and value theory. Three major areas of study within ethics recognized today are: [2]. Rushworth Kidder states that "standard definitions of ethics have typically included such phrases as 'the science of the ideal human character' or 'the science of moral duty' ".
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