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Self-knowledge is a sufficient condition to the good life. He believes “the unexamined life is not worth living.” One must seek knowledge and wisdom before private interests. In this manner, knowledge is sought as a means to ethical action.People often neglect their moral values when it comes to their personal desires and interests. In Business, this is most common for businessmen who become greedy and commit evil most especially if it outweighs the consequences. -
Plato maintains a virtue-based eudaemonistic conception of ethics. That is to say, happiness or well-being (eudaimonia) is the highest aim of moral thought and conduct, and the virtues (aretê: 'excellence') are the requisite skills and dispositions needed to attain it. In business, this is often referred to as actions with morality present. This represents how virtue can give us humans hope to live in worth living life, as we are expected to act rightly and live a good life. -
Hence Aristotle's main ethical task is to give an account of a good man living a good life and also describe a way to become one. The most effective way of “becoming good” is to act out general principles of a good human being actualizing what is uniquely human. In business, this refers to if we cannot limit ourselves in terms of behavior and desires, problems within ourselves and our peers may arise in the future which may be too late for us to fix. -
His main grounding philosophy was on the basis of materialism, believing that everything that happens is a result of the physical world and that the soul, as previous philosophers. Similar to what Socrates claimed, humans are to willingly sacrifice anything just to get receive their desires. Hobbes, also stated that people would act on their evil impulses when left alone; Hence, we are more likely to commit evil as we crave our desires more when left alone with our thoughts. -
"Do whatever produces the greatest good for the greatest number". We may not perceive it, however, we have been using utilitarianism in our daily lives. In business, this is one of the bases of the decision-making of every company. It is significant to always consider the effect of consequences in every plan of a firm for this may or may not affect the firm for a long period of time. The theory argues that what makes an act right is its consequences and not the motive of the action.