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Virtue Theory as a Dynamic Theory of Business

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Abstract

This paper develops a meta-theory of business based on virtue theory which links the concept of virtues, the common good, and the dynamic economy into a unifying and comprehensive theory of business. Traditional theories and models of business have outlived their usefulness as they are unable to adequately explain social reality. Virtue theory shows firms that pursue ethically-driven strategies can realise a greater profit potential than those firms who currently use profit-driven strategies. The theory expounds that the business of business is ethical business and that the crises that business and society face today are crises of leadership and ethics. The issues of leadership and corporate social responsibility are discussed in the context of the proposed theory.

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  1. Department of Management Studies, The University of the West Indies, St. Augustine, Trinidad

    Surendra Arjoon

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  1. Surendra Arjoon
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Arjoon, S. Virtue Theory as a Dynamic Theory of Business. Journal of Business Ethics 28, 159–178 (2000). https://doi.org/10.1023/A:1006339112331

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