Business Ethics

• He was also known as the Gadfly at the marketplace

  Socrates
• He claims that he was ignorant, and his claim that unexamined life is not worth living, for human beings.

  Socrates
• According to

  "good people do not need laws to tell them to act responsibly, while bad people will find a

  way around the laws."

  Plato
• Is one of the world's best-known and most widely read and studied philosophers.

  Plato
• Aristotle A great biologist as well as a great philosopher.
• He's more empirically minded than Plato or Socrates and is famous for rejecting Plato's theory of forms.

  Aristotle
• Confucius -believed that leaders were expected to rule in a way that is just and moral.
• Confucius -said, "Do not do unto others, what you don't want others to do unto you."
• Plato -He also believed that people are born to be intrinsically good.
• Plato -Morality means waking up the reason to its true purpose.
• Aristotle -He's quite clear that he does not think virtue can be thought in a classroom or by employing argument.
• Socrates -Employers make "critical decisions" that have impacts on the operation of the company.
• Socrates -person may know, but he deliberately commits an evil act to satisfy his hidden motive.
• Aristotle -The role of the leader is to create an environment in which all members of an organization can realize their potential
• Aristotle -The rational person doesn't seek money for its own sake.
• Hinduism -It has positive attitude towards business and wealth creation, yet wealth is not the ultimate goal.
• Judaism -Employers are obligated to pay workers on schedule. One of the guiding principles for business ethics highlighted in the Jewish tradition is the legitimacy of business activity and profit, conducted within a framework of religious and ethical norms.
• Judaism -Torah has greatly influenced marketing and business ideology. Jewish culture, values, and ideas, including the modern market, have penetrated many aspects of modern life.
• Hinduism -Tax system should give reasonable rates, should be economical in its implementation, and should not have adverse impact on economic growth.
• Christianity -The ultimate norm and ultimate standard of rightness is the character of God and his perfect righteousness.
• Buddhism -Person needs to use logic to figure out the causes that would lead us to our final goal.
• Christianity -Business should be transparent and honest with their dealings, products, and services.
• Judaism -Honesty on the market is vital for business ethics.
• Buddhism -Compassion is core principle in business ethics.
• Islam -Business should be conducted in accordance with the rules of nature which God governs.
• Islam -Islamic teachings place great emphasis on respect for ethical and moral codes in human behavior.
• Hinduism -Tax system should give reasonable rates, should be economical in its implementation, and should not have adverse impact on economic growth
• Islam -Believes that business should be conducted in accordance with the rules of nature which God governs
• Judaism -Business ethics occupies such important place in Jewish laws, culture, and tradition that at the final judgement
• Buddhism -Ethics is based on the principle of non-violence
• True -Compassion is one of the most important Buddhist principles.
• False -Quran has greatly influenced marketing and business ideology. Jewish culture, values and ideas,

  including the modern market, have penetrated many aspects of modern life.
• True -Honesty on the market is vital for Judaism
• True -The ultimate norm and ultimate standard of rightness is the character of God and his perfect righteousness.
• True -Tax system should give reasonable rates, should be economical in its implementation, and should not have adverse impact on economic growth.
• True -Pakikisama is shown when there is a spirit of unity within a group.
• True - A person practices ningas-cogon when he/she is eager at the beginning but is quick to lose interest.
• False -Padrino system means always remembering the good acts that others did.
• True -Manana habit is practiced when one put-off something until another time.
• True -Pakikipagsapalaran is shown when a person ventured into a business without any idea or experience.