There are four categories of Ethical theories such as Utilitarianism which is the ability to predict the consequences of an action; Deontology states that people should adhere to their duties and obligations in decision making, Rights, and Virtues. Virtue is the most appealing Ethical Theory. A virtue is a habit that allows individuals to succeed in achieving their purpose. Aristotle categorizes virtues into two, moral virtues and intellectual virtues. Moral virtues include prudence, justice, fortitude and temperance whereas intellectual virtues are such as intelligence, skills, and wisdom (Aristotle, 2013).
Prudence is a form of practical reasoning and self-management. As a future, manager in field of business administration, the prudence concept is used in the representation of financial statements. Additionally, since high reasoning and self-management are key aspects in business, prudence will enable make informed decision in regard to financial Justice refers to an act of righteousness that involves giving due to whom it belongs. As an employee working hard and providing services in the best way possible is a fulfillment of justice to a business firm. As an employer, providing the best working conditions for my subordinates by offering a fair amount of remuneration will highly dependent on the virtue of justice.
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Fortitude refers to the virtue of having courage in pain or adversity. A managerial position may at times have some difficulties. There may be long working hours, disagreements with colleagues or with bosses. Fortitude is applicable where you dare to decide to carry on with work despite the adversities (Russell, 2013). Temperance is the voluntary self-restraint in action, thought or feeling. I have also learned that controlling feelings such as temper or poor habits is critical in becoming a great manager.
References
Aristotle, ., Thomson, J. A. K., Tredennick, H., & Barnes, J. (2004). The Nicomachean ethics . Princeton, N.J: Recording for the Blind & Dyslexic. Top of Form
Russell, D. C. (2013). The Cambridge companion to virtue ethics . Cambridge: Cambridge University Press.
