business ethics

• Belief system


  The unseen force underlying our actions and lives, thousands of beliefs on all facets of life
• Major religions in the world


  • Christianity
  • Judaism
  • Islam
  • Buddhism
  • Hinduism
• Christianity


  • Follows the Hebrew Bible, takes a positive view of physical and human creation, sees God as deeply concerned with the ethical behavior of human creatures towards one another
  • The Old and the New Testaments serve as the foundation
  • Emphasizes a sense of justice in business such as strict adherence to contracts, compliance with regulations, and working for the benefit of the common good
  • Christians ought to focus on how business impacts individuals, the workers in particular, who should be well-paid and find their work meaningful and inspiring
• Judaism


  • Believes there is one God, who not only created the world, but who every Jew should have an intimate and interpersonal relationship with
  • Believes that God works continuously in the world and affects all that people do
  • Has greatly influenced marketing and business ideology
  • Emphasizes honesty on the market, fair pricing, and cares much about price control in business relations
• Islam


  • Believes in the Oneness of God, that all things are created by God and that He is all-powerful and all-knowing
  • The source of rules is the Qur'an
  • Under Islamic law, if a seller sells an item by making false statements, the buyer shall have the right to cancel the transactions
  • Expects principles such as honesty, fairness, and fulfillment of promises among Muslim businessmen
• Buddhism


  • Founded on the teachings of Siddhartha Gautama, the Buddha
  • The five fundamental moral precepts are: refraining from taking property, behaving unchastely, speaking wrongly, stealing, and drinking intoxicants
  • In business, Buddhists are guided by principles such as defining clear goals, following the principle of cause and effect, developing empathy and compassion for customers, being flexible, innovative, and mindful of impermanence, and respecting the team, oneself, and the consumer
  • Buddhists pursue "right livelihood" and are usually against businesses that do not care for the environment or harm animals
• Hinduism


  • Believes in one true, formless, boundless, all-inclusive and eternal God called Brahman
  • Has a positive attitude towards business and wealth creation, yet wealth is not the ultimate goal, what is more important are ethics (dharma) and salvation (moksha)
  • Believes prices and profits should be fair, the tax system should give reasonable rates, be economical in implementation, and not have adverse impact on economic growth, with high taxes on luxury goods
  • Workers should receive fair and just wages, depending on their ability and productivity
• -Honesty  on  the  market

  -Fair  pricing.

  The  Talmud  (comprehensive  written  version  of oral  laws  of  the  Jews)  cares  much  about  price

  control.