Edited by Kemi Ogunyemi
Chapter 8: Nigerias traditional virtue ethics: Ọmọlúàbí and its implications for business and management
This chapter introduces the concept of Ọmọlúàbí as an example of the traditional virtue ethics system to business ethics literature. It gives a nuanced appreciation of possible implications of the Ọmọlúàbí system by drawing on some of its key virtues and its past applications among the Yoruba peoples. The chapter explores the concept of Ọmọlúàbí as a form of virtue ethics and shows its similarities with the Aristotelian virtue ethics and other Western-oriented ethical theories. It also maps out the key dimensions of Ọmọlúàbí virtue ethics, which the authors suggest is directly applicable to the Nigerian business context. A case analysis is used to show how the Ọmọlúàbí virtue ethics system works in practice, drawing on the history and modern practice of GTBank Plc. Finally, the authors critically reflect on some of the challenges associated with the practice of the Ọmọlúàbí virtue ethics in GTBank Plc.
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