The Relative Role of the Intellectual and Moral Virtues in Sustainable Management Decisions: The Case of Practical Wisdom and Justice

26 Pages Posted: 23 Sep 2020

See all articles by Natàlia Cugueró-Escofet

Natàlia Cugueró-Escofet

University of Navarra, IESE Business School

Josep M. Rosanas

University of Navarra - IESE Business School

Date Written: February 10, 2020

Abstract

We analyze the status of virtues in management by going in some depth into the two main virtues, justice and practical wisdom. We next study how ethics requires that all virtues should be present under the ideal concept of a ‘unity of virtues’ for a completely wise person and discuss the practical limitations of this concept. Then, we draw a framework for decision making depending on whether the decision maker possesses both justice and practical wisdom or only one of these, and then discuss which one is better to have. We conclude that justice is more important, as it is about setting objectives and prioritizing, whereas practical wisdom is about attaining these objectives, once listed, in a rationally wise and contextual way. Hence, we conclude that objectives (justice) must come first, because this makes it more likely for practical wisdom to be developed in the end, thus leading to having both virtues.

Keywords: Justice; Fairness; Virtue ethics; Practical wisdom

Suggested Citation

Cugueró-Escofet, Natàlia and Rosanas, Josep M., The Relative Role of the Intellectual and Moral Virtues in Sustainable Management Decisions: The Case of Practical Wisdom and Justice (February 10, 2020). Available at SSRN: https://ssrn.com/abstract=3694994 or http://dx.doi.org/10.2139/ssrn.3694994

Natàlia Cugueró-Escofet (Contact Author)

University of Navarra, IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain

Josep M. Rosanas

University of Navarra - IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain
34 932534200 (Phone)
34 932534343 (Fax)

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