17 May 2022

481

The role of Religion in Business Ethics

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 557

Pages: 2

Downloads: 0

The idea of whether religious belief is an appropriate grounding for the ethics in business has raised debates and ideological differences among many people. According to Pertsev and Shykhova (2009), a modern business ought to champion a community agenda while seeking to empower such societies as a result of their engagement. Part of the reason this is done is meant to limit the likelihood of conflicts emerging while fighting over the existing resource. This is also prone to encourage mutual growth, therefore, enhancing the experience. Whenever this is done, such markets can also transform into investment hubs owing to the great trade environment created which also encourages the establishment of sound values which are ideal in any trade environment. It is obvious that most people venturing in the business sector whether it may be a small business owner, an employee or even a CEO in a multinational cooperation face moral or ethical dilemmas at in their area of specialization at work. The business behavior ethical content has for a long period been a matter of public concern. Each community according to Pertsev and Shykhova (2009), has its own business culture which has been formed by different factors which are mostly underpinned by religion. 

From this argument, it is important to note that various religious views have immensely influenced the ethics of business in the modern world. Such religious beliefs are based on a specific code of rules which many businesses depend on to anchor their ethical guidelines, which correspond with the local communities’ ethical standards while also trying to ensure they conform to the existing rules. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

In as far as Christianity is concerned, it is believed that one should refrain from desiring to acquire other peoples goods at a much lesser price than it actually ought to be. In the same spirit, one must not acquire a good price for his/her own wares by extortion. Charity and justice must be exercised if someone is buying from the poor. This therefore means that a purchaser needs to always pay the full price that the commodities are worth to him or her. This notwithstanding, a buyer should not admit anguish of the trader, but can be persuaded by the seller or even loaned in some instance but still ought to pay for such service (Anglo American, 2018). 

From the religious perspective, we learn that the principle tenets of the business ethics are embedded in the beliefs and doctrines of religion. Different communities have different business ethics because of the diversity of religion. Chinese, for instance, embrace business ethics and culture that are different from Americans for instance because the Chinese are Buddhists while the Americans is Christians (AngloAmerican, 2018). 

In conclusion, the shortcoming of the relationship between business ethics and religion is however that there is no way the thoughts and feelings of the businessmen can be controlled because not all of them are believers. There are pagan businessmen who have not subscribed to any religion. This makes it extremely difficult to follow or embrace the business ethics put in place. Nevertheless, the business ethics tailor-made from the religious beliefs are important since they have immensely streamlined the business fraternity through the inculcation of noble beliefs and culture. Business has been made easier across the world because each person respects the business ethics of different communities by appreciating the different religious diversity across the world. This has encouraged mutual coexistence and the doing of business together across the world (Pertsev and Shykhova, 2009).

References

Anglo American. (2018). Business ethics and corporate social responsibility . Retrieved on 17th April 2017 from https://businesscasestudies.co.uk/anglo-american/business-ethics-and- corporate-social-responsibility/what-are-business-ethics.html

Pertsev., Y. & Shykhova M. (2009). The Impact of Religion on Business Ethics . Dnepropetrovsk National University. Retrieved on 17th April 2018 from <http://www.rusnauka.com/26_OINXXI_2009/Economics/52623.doc.htm> 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 15). The role of Religion in Business Ethics.
https://studybounty.com/the-role-of-religion-in-business-ethics-essay

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

Critical Evaluation of Harold A. Netland’s Christianity & Religious Diversity

In this highly readable book, Harold Netland explores how religions have changed in the modern day and globalized world and the uniqueness of Christianity among them all. As an expert in philosophical aspects of...

Words: 1953

Pages: 7

Views: 372

The History of Paul-The Silent Years

When many people investigate the life of Paul, they mainly think of three famous aspects of his life. The first element that majority of people are aware of regards the way Paul persecuted Christians before he was...

Words: 2688

Pages: 10

Views: 418

The Foundation of a Building: Everything You Need to Know

This topic review is a tool designed to prepare students for the Topic 1 Quiz. Instructors will grade the topic review for completion. Save the topic review to your computer and submit when complete. When completing...

Words: 609

Pages: 1

Views: 223

Conflict Between Religion and Science

The conflict between science and religion started way back in Europe when secular values started influencing the world by filing atheistic attitudes into an unprepared culture. This made some religious leaders...

Words: 625

Pages: 2

Views: 380

Prayer and Healing: A Guide to Spiritual Wellness

Prayer was an essential part of Jesus' life because He had a special relationship with God, the Father. He prayed because he obeyed God and depended on Him to help Him deliver salvation to His disciples and...

Words: 317

Pages: 1

Views: 96

"3 Idiots" Film Analysis

"3 Idiots" is a comic film that depicts the relationship between Rancho, Farhan, and Raju, who are friends who encounter multiple experiences. The film subtly shows aspects connected to religion, such as prayer and...

Words: 1568

Pages: 5

Views: 339

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration