Within both Western and Eastern traditions of virtue ethics, there is a Doctrine of the Mean, suggesting that errors may lie either in excess or in deficiency. The need to avoid both excess and deficiency in the allocation of finite resources is a concern in many sorts of business decisions, some with ethical implications. One finite resource is the resource of attention, and ethical problems can arise from failures to attend to important things.
Modern Business and the Doctrine of the Mean
Both Aristotle and classical Confucianism accept the importance of paying attention to circumstances rather than following fixed rules or blindly maximising value. For organisations to give appropriate attention to different things requires suitable intra-organisational reporting and communication. Johnston, Ian, and Wang Ping, trans. An, Yanming Cua, ed. Cheung, Tak-sing Dass, Nirmal Lee, Junghwan Li, Chenyang Littlejohn, Ronnie Pang Pu, Crawford, William Plaks, Andrew Plaks, Andrew H.
Essay on Aristotle and the Doctrine of the Mean’s Everyday Purposes
Sim, May Sivin, Nathan Stichler, Richard N. Thompson, Kirill O.
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