Introduction

This paper gives a summary of the Belmont report, its impact on world business and a virtue ethics theory that supports it. The Belmont Report is a synopsis of fundamental moral standards recognized by the National Commission for the Protection of Human Subjects of Biomedical and Behavioural Research created by the National Research Act of 1994. It is a broadcast of essential moral standards and rules that ought to help with determining the moral issues that encompass the conduct of research with human subjects published in the Federal Register. These principles include Respect for Persons, Beneficence and Justice (Beauchamp, T. L. 2008).

Impact of the Report on World business

In the world business, certain groups, for example, racial minorities, the financially burdened, the extremely sick, and the institutionalized may consistently be looked for as research subjects, attributable to their prepared accessibility in research led settings. Given their dependent status and their frequently unlimited free consent, putting these ethical virtues in practice ought to secure against the risk of being involved in research exclusively for managerial accommodation, or because they are anything but difficult to control as a consequence of their sickness or financial condition.

Virtue ethics and its support to the report

Eudemonism is a traditional case of Virtue Ethics. It grasps appropriate objective of human life as happiness, prosperity” and “pronounced life accomplished through practicing a habit or quality that permits people to prevail at their motivation and resolve any contentions or predicaments which may emerge including caution, Justice, endurance and temperance. The Virtue ethics does not bolster Belmont report. This report is principles-based and its focal understanding is that ethical conduct comprises of general principles and Specific rules from the general principles. For instance, the opinion of non-perniciousness (do no damage) infers obligations not to murder, assault, or strike innocent individuals. Eudemonia which is a virtue-based approach on the other hand concentrates on the advancement of good character attributes, contending that joy comprises not only in fulfilling one’s cravings but rather in performing capacities that are remarkably human (Flicker, Travers, Guta, McDonald, & Meaghar, 2007).

Conclusion

The Virtue-based approach to deal with research integrity is a sensible other option to the Principles- based approach, however, it has weaknesses and limitations. It gives some understanding into preparation and guidance, yet it is not an extremely valuable instrument for policy advancement and implementation or ethical decision-making. Moral standards provide better direction to policy development and implementation. The two methodologies are not fundamentally unrelated. However, they can be sought after together.

References

• Beauchamp, T. L. (2008). The Belmont Report. The Oxford textbook of clinical research ethics, 21-28.
• Flicker, S., Travers, R., Guta, A., McDonald, S., & Meagher, A. (2007). Ethical dilemmas in community-based participatory research: Recommendations for institutional review boards. Journal of Urban Health, 84(4), 478-493.