Virtue Ethics

Virtue Ethics and reasoning for the scenario Virtue ethics is the ethical strategy preferred. Efficient leaders and true professionals strive at achieving moral excellence which encompasses integrity, justice, valor and good sense. In the present day, virtue ethics constitutes one among the three key normative ethics strategies. Primarily, it can be considered a strategy which stresses moral fiber or virtues, contrary to consequentialism (which focuses on the consequences one’s actions have) or deontology (which stresses rules or duties).

The virtue ethics strategy is agent-based in nature, concentrating on a moral agent’s basic motivations and character. Moral conduct isn’t associated with or restricted to a specific set of guidelines or a particular rule; instead, it entails a person rationally practicing moral excellence and making it a personal goal. The Aristotelian approach to virtue ethics describes virtue as a positive trait (e.g., courage which exists between the two extremities of cowardice and recklessness).

A virtuous agent continually seeks to achieve balance when attempting to make ethical decisions. Instead of applying a particular ‘rule’ when engaging in decision-making, the agent aims at ensuring his/her decisions are in keeping with the quest of a specific type of excellence involving the application of good judgment that is governed by good sense, valor, justice, uprightness, consistency, temperance, and similar virtues (Patel, 2013).

Rather than merely making the right decision or doing a good deed or doing the right thing on an occasional basis, a virtuous individual “consistently” elects to do the right thing, with the right motive in mind. Virtuousness is habitual. Any businessman who employs ethically incorrect business tactics or decides to cut corners is unethical (Patel, 2013). One can regard fair trade as a segment of a continuum of associated non-governmental actions targeted at the promotion of ethical or sustainable trade.

Fair Trade’s distinguishing trait is: the movement concentrates on producers, paying participants a preset rate for the labelled goods they market. Ethical trade’s focus is manufacturing techniques and results. This focus is organizational in nature in the sense that the aim is ensuring the preservation of human rights, labor, and environmental standards within the supply chain of an organization.

Particularly, ethical trade fosters compliance with the workforce’s core labor standards and, at present, doesn’t expressly concern itself with trade terms nor does it aim to overcome manufacturer marginalization (Boto & La Peccerella, 2014). Response to the international labor group explaining the decision and supporting reasoning. It has been decided to follow cotton Fairtrade practice. From the supply chain angle, companies collaborate with suppliers and their immediate clients for satisfying and fulfilling end consumer needs.

It is feasible to adopt another ethical system but the company established that Aristotelian ethics would work best. Small firms are troubled by the extant authoritarian supply chain relationships. Virtue ethics helps account for why utilitarian or consequentialist approaches may not prove adequately effective in facilitating an understanding of supply chain relationships’ primary design. The strategy validates the establishment of supply chain partners embodying several elements of the aforementioned Aristotelian virtues for achieving a long-term solution to the dictatorial collaboration issue (Khan, Qianli & Zhang, 2017).

Relationship which prove fruitful for all partners may be deemed effective. Within dictatorial supply chain collaboration, a single powerful firm has a profound impact on decision-making and controls the decisions taken by every other partner, attempting to maximize its personal interests only, normally directly at the remaining partners’ expense. The Aristotelian virtue ethics approach adopted studies long-term collaboration’s consequences and facilitates efficient collaboration. A deep-rooted assumption in.