The Place of Ethical Theory in Business Ethics

Abstract This article examines the relevance of ethical theory in business ethics. It explains the nature of ethical theory, provides an account of the leading theories, and explores the ways in which these theories form a critical resource for the treatment of practical moral problems. It discusses how theory connects to practice and provides several concrete examples of how ethical theory helps address practical problems in business ethics. It specifically illustrates how ethical theory can be helpful in analyzing the problems of whistle-blowing and affirmative action.