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?

       Surendra Arjoon

      Department of Management Studies

      The University of the West Indies

      St. Augustine, Trinidad

      The West Indies

      Published Online: December 15, 2016

 

 

        ABSTRACT

 

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.

      

 

IDO        ISSN: 1093-8281                 Copyright © 2017 International Development Options

                                                                                                All Rights Reserved