Moral philosophy and banking industry meltdown Moral ethics is related to philosophical ethics and can be applied in making decisions on what is right and wrong in businesses and life. The moral judgments associated with moral philosophy are more about values in comparison to business ethics which focus on group decisions and how to behave and carry out activities. According to Ferrell et al (2011), moral philosophies are guidelines through which people living together optimize mutual benefit and resolve conflicts of human interests. For businesspeople, moral philosophies are important guidelines in dealing with ethical dilemmas and formulating strategies. There are diverse moral philosophies applicable in business including: deontology, virtue ethics, teleology (egoism, utilitarianism), justice and the relativist perspective (Ferrell et al., 2011). Teleology is the most applicable and refers to the philosophy where actions are undertaken for the final cause and desire (Ferrell et al., 2011).