GLOBAL DEVELOPMENT STUDIES
Copyright © 2000 International Development Options
All Rights Reserved
Volume Two Winter 1999-Spring 2000 Numbers 1-2.
THEME: CARIBBEAN DEVELOPMENT STRATEGIES: ISSUES AND OPTIONS
SHOULD FIRMS BE PROFIT-DRIVEN OR ETHICALLY-DRIVEN?
Department of Management Studies
The University of the West Indies
St. Augustine, Trinidad
The West Indies
Published Online: December 15, 2016
Almost everyday we are subjected to crises which should not only be understood in an economic, social, political and technical context, but above all, they must be read in an ethical dimension. This article illustrates why the crises and failure of society on so many issues can be corrected by means of ethics. Specifically, this article argues why firms should be ethically-driven as opposed to profit-driven, based on a virtue-ethics framework. Notions of the common good, code of ethics, and cooperative game theoretic models are used to develop this framework.