For MacIntyre, there are certain goods inside to practices, and sure virtues are needed to achieve these goods. Building on MacIntyre, Moore develops the idea that business is a follow, and thus has certain goods inside to it, the attainment of which requires the cultivation of business virtues. Scholars have also been impressed by the Aristotelian idea that the good life is achieved in a neighborhood.
And moral practices do not necessarily increase the price of production, in fact they have an inclination to cut back prices. But, even if they do increase costs, quick term sacrifices should be made for long term good. In India, most of the businessmen believe in good business ethics. They realise their responsibilities in direction of varied segments of the society.
Another personality, the famous psychologist, Theodore Levitt, expressed fear that if business began caring about ethics, then business values would come to dominate … Read MoreRead More »