Professional Documents
Culture Documents
Business Ethics M5
Business Ethics M5
BusinessEthi
csand
SocialResponsibi
lit
y
Quarter3–Modul e5:The
I
mpactofBel iefSyst
em i
n
BusinessPr
act i
ces
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copyright owners. The publisher and authors do not represent nor claim ownership over
them.
Team Leaders:
School Head : Reynaldo B. Visda
LRMDS Coordinator : Melbourne L. Salonga
Busi
nessEt hi
csand
SocialResponsibi
lit
y
Quarter3–Modul e5:
TheImpactofBel
iefSyst
em i
n
Busi
nessPr
acti
ces
I
ntr
oduct
oryMessage
ThisSel
f-Learni
ngModul e(SLM)ispreparedsothatyou,ourdearl earners,
can cont inue your studi
es and lear
n whi l
e at home. Ac ti
vit
ies, questions,
direct
ions,exercises,and di
scussi
ons ar
e caref
ull
y st
ated f
oryou to understand
eachl esson.
EachSLM i scomposedofdifferentpar
ts.Eachpartshal
lgui
deyoust
ep-
byst
ep
asyoudiscoverandunderstandt
hel essonpr
epar
edforyou.
Pre-
testsareprovided t
omeasur eyourpr iorknowl edgeon lessonsi n each
SLM.Thi swi l
ltel
lyou ifyou need t
opr oceed on completi
ngt hismodul eorifyou
needtoaskyourf aci
li
tatororyourteacher’sassistanceforbe t
terunder standi
ngof
thelesson.Att heend ofeach modul e,you need t o answert hepost -
testto self
-
check yourlearni
ng.Answerkeysar eprovided f
oreach act i
vityand test.Wet rust
thatyouwi l
lbehonesti nusingthese.
I
n addi
ti
on tothemateri
alinthemai nt ext,Not
estotheTeacherar
ealso
provi
ded toourfaci
li
tat
orsand par
ent
sf orstr
at egi
esand r
eminder
son how t
hey
canbesthelpyouonyourhome-basedlearni
ng.
Pl
ease uset
his modulewith care.Do notputunnecessary markson any
partofthi
s SLM.Use a separ
ate shee
tofpaperi n answer
ing t
he exerci
ses and
test
s.Andreadtheins
tructi
onscareful
lybef
oreperf
ormingeachtask.
Ifyou haveanyquest
ionsin usi
ngt hi
sSLM oranydi fficul
tyin answer
ingt
he
t
asksi
nthismodule,donothesi
tatetoconsultyourt
eacherorf aci
li
tat
or.
Thankyou.
WhatINeedt
oKnow
HereinthePhi l
ippi
nes,wehavesomanyr el
igi
ousgroupswherepeopl egoto
orjoini nt oexpresstheirdeep fai
th and l
oveofGod,whi leal
soinfluenci
ngt hei
r
businesspr inci
plesorpr acti
ces.Tryt of
ami l
iar
izeyoursel
fwit
hthesebecausei n
thi
sl esson,youar eexpectedto:
1.definebel
iefsyst
em inbusiness;
2.enumer at
eexampl esofbeli
efsystemst hataffectbusi
nesspr act
ices;and
3.gi
veexampl esofhow beli
efsystem affect
sbusi nesspract
ices.
(
ABM_ESR12- III
e-h-
2.2)
WhatIKnow
A.Dir
ect
ions:Match t
het er
msi n Col
umn A t
otheircor
respondi
ngdescr
ipt
ion i
n
Col
umnB.Wr i
tet
hel et
terofyouransweronasepar
atesheetofpaper
.
A B
1.Isl
am a.Itf
oll
owst heOldandt heNew Testament
s.
2.Chr i
sti
anity b.Itwasfoundedont heteachingsofBuddha.
3.Hinduism c.I
tswr i
ttenlaw r
eli
esonTor ah.
4.Judaism d.Theybeli
eveinBr ahman.
5.Buddhi sm e.I
tssourceofr ul
esist heQur ’an.
B.Directi
ons:For 6-15,ident
ify what pr
act
ice/pri
nci
pleis descri
bed i
n each
number.Chooseyouranswersfrom theboxandwr it
ethele
tterofyouranswer
son
aseparat
esheetofpaper.
a.I
slam b.Chr
ist
iani
ty c.Hindui
sm
d.Judai
sm e.Buddhi
sm
____6.Theyhaveaposi t
iveattitudetowar dsbusinessandweal thcreati
on.
____7.Wealthisnott hei rulti
mat egoal.
____8.Theypur suer i
ghtl ivel
ihood.
____9.Charit
yandj ust i
cei nbusinessmustbeexer ci
sed.
___10.Theycompl ywi thther egulati
onsands trictl
yadher et
ocont ract
s.
___11.Businessshoul dbeconduct edinaccor dancewi ththerulesofnaturewhi
ch
Godgover ns.
___12.Fairprici
ngandgoodbusi nessrelati
onsshoul dbeappl i
ed.
___13.Businessmenshoul dreallycarefortheenvi ronment.
___14.Theyappl ymar kethonest y.
___15.Theyputr est
rictionsonmi sl
eadingadver ti
sements.
Lesson Bel
iefSyst
emsandThei
r
InfluenceinBusi
ness
1 Practices
What
’sI
n
1.___________________________________________________________________________
___________________________________________________________________________
_________________________________________________________
2.___________________________________________________________________________
___________________________________________________________________________
_________________________________________________________
3.___________________________________________________________________________
___________________________________________________________________________
_________________________________________________________
What
’sNew
Direct
ions:Readt
hesi
tuat
ion bel
ow andanswert
hegi
ven ques
tionson asepar
ate
sheetofpaper.
Oneday ,youandyourfemalefr
iendwenttothemar ke
ttobuywashableface
masks.Thest al
lowner,whowaswear i
nghij
ab*approached t
het woofyou.Your
f
riend coul
d notcontrolher gi
ggl
es whil
ethe Muhaajaba** was t
alki
ng. As a
r
esponse,thestal
lownergotmadandshout edatyouandyourf ri
end.
Rubr i
cs:
Correctness of answer 3 pt
s.
Mechani cs 2pt
s.
Tot
al 5pt
s.
Whati
sIt
Along wi
th otheri nfluences such as ourpersonal
ity
,gene
tic se
t-up,and
behavior
s, our bel
ief system, such as r el
igi
on, i
s one of t
he gr
eatest f
orces
i
nfluencingever
ydecisionwemake.
Religionhi ghl
yaffectsourli
v es,whetherpersonalornot.Someofthewor ld’
s
maj orr eli
gionsar eChristi
anity
,Judai sm,I sl
am,Buddhi sm,and Hindui
sm.Each
has i t
s own or ganiz
ed system ofbel i
efs,ceremonies,and worshi
p,and each one
offerspr escript
ionsforaposi ti
veeffortinbothl i
feandbusiness.
1.Chr i
sti
anity
TheChr i
sti
an rel
igion f ol
lowst heHebr ew Bibl
ebyt akingaposi t
iveview of
physi caland human cr eation and by seei ng God as deepl y concerned withthe
ethi calbehaviorofhumancr eaturestowardsoneanot her.I talsoteachesthatinthe
per sonaofJesusofNaz ar eth,Chr i
stenteredhistorytor edeem humani t
yf rom t
he
selfinfli
ctedwoundsofsi n andt ocr eateanew agei n whi ch humani tywillcomet o
li
ve God' s own lif
e ofl ove,peace,uni ty and j ust
ice. The Ol d and t he New
Test ament sserveasthef oundat ionoft hi
sr el
igi
on.
In Chr ist
iani
ty,human dignity and concernf or people are cr
ucial.Thi s
rel
igi
on alsoemphasi zesasenseofj usti
cein businesssuc h asstri
ctadher encet o
contracts,compl i
ancewithregul
ations,andwor ki
ngf orthebenefitoft hecommon
good.Chr isti
ansoughtt ofocuson how businessimpact sindividuals,thewor kers
inpar t
icular.Theyshouldbewell-paidandtheyshoul dfindt heirwor kmeani ngful
andinspi ri
ng.
Atr adi
ngChr i
sti
andoesnott ryt
owi nanot her'
sproduct sorser
vicesforl ess
than i
ti swor th.Oneshoul d notwantt o geta decentdealf orhisown war esby
using extorti
on.I fa person buys f
rom a poor seller,thatbuyer mustexer cise
chari
tyand j ustice.He/shemustpayt hef ullpri
cet hatthegoodsar ewor t
h. I f
fri
endsand r elat
ivesarenoti nt
erest
ed i
n whataChr i
sti
an vendorsell
s,t helatter
shouldnotbr eakoffconnectionwiththem whent heydecidedt ochoosediffer
entl y
.
Chr istiansshoul
d betransparentand honestwiththei
rdeal i
ngs,product
s,
andser vices.Theyshouldnotpushpeopl etobuygoodsorser vicesbecauseitdoes
notreflectt he heartofthe Fat
her,butt hatofmammon’ s(accordi
ng to Webst
er
Dict
ionar y,mammon meansmat eri
alwealth orpossessi
onsespecial
lyashavinga
debasi
ngi nfluence)
.
2.Judai sm
Jewsbel ievet hereisoneGod,whonotonl ycreat
ed thewor ld,butwhoever y
Jew shoul dhavean i nti
mateandi nterper
sonalrel
ati
onshipwi th.Theybel
ievethat
Godwor kscont inuouslyinthewor l
dandaffect sal
lthatpeopledo.Fur t
her,there
is a covenantr elat
ionshi
p between God and theJews in exchange f
orthe many
gooddeedsGodhasdonef ortheJewi shpeopl
eandcont i
nuest odo.
Judaism,which f
oritswritten l
aw rel
ieson theTorah,hasgr eat
lyi
nfluenced
market
ingand busi
nessideol
ogy .Jewish cul
tur
e,valuesand ideas,i
ncl
udingt he
modern marke
t,have penet
rated many aspects ofmodernl i
fe.Some important
poi
ntsincl
udemarkethonesty
,fairprici
ng,andbusinessrel
ati
onships.
Honest
y on themarket.Itisi
ll
egalf
ort
rader
stof
alsi
fyt
hewei
ghtand
measur
ementofthegoodsorpr
oduct
s.
Fairpri
cing.Ther eshouldbegoodval ueformoney.You shallnotcheateach
otherwhenyou sel lsome t
hingtoyourneighbororbuysome thingfrom hi
m orher.
Likewise,i
faper son isignorantofthet
ruewor t
h ofan i
tem and wantstosellit
,
thebuyershouldnott akeadvantageoft
heconf usionandunder paythesell
er.The
Talmud(compre
hensi
vewr
itt
enver
sionofor
all
awsoft
heJews)car
esmuchabout
pri
cecontr
ol.
Busi
nessr el
ations.Empl oyer
sareobligat
edtopayworker
son schedule. Oneof
thegui dingprinci
plesforbusinesse
thicshighli
ghtedi
ntheJewishtradi
ti
on isthe
legi
ti
macyofbusi nessacti
vityandprofit
,conductedwi
thi
naf r
ameworkofr el
igi
ous
ande thicalnorms.
Trul
y,busi
nesset
hicsoccupi
essuchi mpor
tantpl
acei
nJewi
shlaws,cul
ture,
andtradi
ti
on t
hatatthefinalj
udgment,theTalmudhasthi
stoaskan i
ndivi
dual:
"Wer
eyouhonestinyourbusinessdeal
ings?"
InJudai
sm,work,i
ncl
udi
ngmanualinnat
ure,i
shel
dingr
eatest
eem l
ikeasor
tof
humanpart
ner
shipwit
hthedi
vine.
3.I
slam
Muslimsbelievei
nt heOnenessofGod—-t hatallt
hingsarecreatedbyGod
andt hatHei sall-
powerfulandall
-knowing. Theyfur
therbeli
evethatGodhasno
offspr
ing,sex,cl
ass,body,andHeisnotaffect
edbyhumanl i
fe'
scharacteri
sti
cs.
Addi t
ional l
y,accor dingt oHayes( 1998),t hefoll
owi ngpr inci
plesar eexpected
amongMusl i
m busi nessmen:
a.Cont ractsmustbef airtobot horal lparties.
b.Specul ation,suc h asgambl ing,isnotal l
owed. I fthemoneycomesf rom the
gambl ingi ndust r
y ,onewi llnotbeal l
owed t oinvesti ntheI slamicMut ual
Fund.
c. Interesti s prohibi ted.Thati s probablyt he mostcommon t hing thatis
identifiedwi t
hI slami cfinance.Onemor alpracticei sthatonei snotallowed
tochar geortakei nt erest.
d.Whenabusi nessi si nt rouble,compassi oni srequir ed.Ineverycount rythat
hasI slami ctraditionsi ni tslegalsystem,whenanyonei sinbankr upt
cyori s
sufferingfinancialr eversals,oneshoul dnotputpr essureon t hem.Because
when someonei sdown,i tisnott her i
ghtt hingt odo.When t heyar edown,
onedoesnotki ckt hem.
Muslimsal
sobel
ievet
hatbusinessshoul
dbeconduct
edi
naccor
dancewi
th
t
her
ulesofnat
urewhi
chGodgoverns.
4.Buddhism
Founded on t
heteachi
ngsofSi
ddhar
tha Gaut
ama,whoi
scal
led “
Buddha”
or“
theenli
ghtenedone”
,isBuddhism.
From thebegi
nning,thebasisofBuddhi stpracti
cewasmedi tati
on andthe
observance ofmoralprecepts.The five f
undament almor alprecepts pract
iced by
member soft hemonasticordersandt helai
tyar e:r
efraini
ngfrom takingpr oper
t y
,
behavingunchastel
y,speakingwrongly ,st
eal
ing,anddr inkingi
ntoxicants.
I
nbusi
ness,Buddhi
stsar
egui
dedbyt
hef
oll
owi
ngpr
inci
ples:
a.Thegoalsshouldbedefined.
Theclearerthegoali
s,theeasi
eri
tist
obedefined.I
sitaboutgai
n?
Isi
tgi
vingsatisf
act
iontoyourcust
omers?
b.Thepr i
nci pl
eofcauseandeffectshoul dbef oll
owed.
Weneed t ousei ntuiti
on inthecaseofabusi nesspr oposalt
owor k
out t he factorsthat woul dt ake us to our ul t
imate aim. The pr ocess
resembl esreverseengi neeri
ng.Webegi nt otracebackt helogi
calsequenceof
actswhi c
h woul d contributetoa given goal.Thisframewor k helpsi
dent i
fy
the steps needed t o accomplish the ai
m and pr ovides a cl
earbasisf ora
projectroadmap.
d.Beflexi ble,innovati
ve,andmi ndfulofimper manence.
Buddhisttheoryputsintopr acti
ceanotherusefulinsight:ever
yt hi
ng
i
sconst antl
ychanging—weour sel
ves,t heworld,and al
lthepeopl ear ound
us.Itisver yeasytogetcaughtwi t
hani deathatseemslogicalandsolid,but
i
tof ten becomesa t ri
ggerfornar row-minded thi
nking,stubbornness,and
i
nflexibil
ityinar api
dlychangi
ngr ealit
y.
ifwer
espectourcoll
eagues.Wet
rytostopdoingsomet
hingoffensi
vebehi
nd
orinf
rontofpeopl
eandmakeour se
lvestr
ansparent
.
5.Hinduism
Hindusbel ievei
nonetrue,formless,boundl
ess,al
l-i
ncl
usiveande t
ernalGod
cal
ledBr ahman.Hei snotan abstr
actconceptbutar ealent
itythateveryt
hingin
theuniverse(seenandunseen)encompasses.
Hindushaveaposi
ti
veatt
itudet
owar
dsbusinessandweal
thcreat
ion,ye
tweal t
hi s
nottheulti
mat
egoal.Whatismoreimpor
tantareethi
cs(dharma),and sal
vation
(
moksha).
Forbusiness,pri
cesand pr ofit
sshould befai
r. Taxsystem should gi
ve
reasonabler at
es,shouldbeeconomicali nitsi
mplement ati
on,andshoul dnothave
adversei mpacton economicgr owt
h.Ther emustbehi gh t axeson l
uxurygoods.
Wor ker
s shoul dr ecei
ve f
air and just wages, depending on their abi
li
ty and
productivit
y.
I
tisworthnoting,overal
l,thateveryfait
hhasi tsownbi ases.Never thel
ess,eachof
them hasthecoreconceptt hatfai
thwoul dgiver i
setoacommi t
mentt omai ntaina
desi
rableworkclimate.Thisiswhyoursoci e
tycannotr emovet heeffectofr el
igion
on modern busi
ness.Weshoul dbemi ndfulofdisparit
iesin belief
samongvar ious
culturesandacceptt hem.Whi l
et her
ear egl
obale thicalstandar ds,
wemustal soshow respectforeachcommuni t
y'sdifferentvalues.
What
’sMor
e
A.Dir
ecti
ons:Wr i
tet
hebusi nesspract
icesorpri
ncipl
esofeach rel
igi
on i
nthet able
bel
ow.The fir
stgiven wil
lserve as yourgui
de.Copy t
he table and wr
ite your
answersonaseparatesheetofpaper
.
Rel
igi
on Businesspr actices/pri
nciples
Str
ictadherencet ocontract
s;
Compliancewithr egul
at i
ons;
Workforthebenefitoft hecommongood;
Chr
ist
iani
ty
Nouseofext ort
ion;
Charit
yandj usticemustbeexer cised;and
Fai
rwagest owor kers.
Judai
sm
I
slam
Buddhi
sm
Hi
ndui
sm
B.Dir
ecti
ons:Usi ngyouranswerin act
ivi
tyA,answerthequest
ion bel
ow i
n atl
east
twosentences.Writ
eyouranswersonaseparateshee
tofpaper
.
Whichr eli
gionsar esi milar?Inwhatway?
___________________________________________________________________________
_________________________________________________________________________________
___________________________________________________________________________
Rubr
ics:
Correct
nessofanswer 3pt
s.
Mechanics 2pt
.
Total 5pt
s.
C.Di
rect
ions: Choose one bel
ief syst
em and cr
eate an acr
ost
icfor it
s busi
ness
pr
acti
cesorpr i
ncipl
es.Writ
eyouranswer sonaseparat
esheetofpaper
.
Exampl
e:Chr
ist
iani
ty(
CROWN)
10
WhatIHaveLearned
Dir
ecti
ons:Answereachofthef
oll
owingt
asksi
ntwot
othr
eesent
ences.Wr
iteyour
answersonaseparateshee
tofpaper
.
1.Definebel i
efsystem usi ngyourownwor ds.(5poi nts)
___________________________________________________________________________
___________________________________________________________________________
2.Compl
etet
hesest
atement
s:(
5poi
ntseach)
Rubr i
cs:
Correctnessofanswer 3pt
s.
Clar
ityofexplanati
on 1pt
.Mechani
cs
1pt.
Total 5pt
s
WhatICanDo
Dir
ect i
ons:Consideri
ng yourreli
gious affil
iation,write atleasttwo pr
acti
ces i
n
businessthatyou f
oll
ow asit
sactivemember .Youmayge tyourideasf
rom WhatIs
Itto serveasyourgui de.Writ
eyouranswer son a separatesheetofpaper.(
two
poi
nt seach)
(
MyRel
igi
on)
11
Twobestpr
act
icest
hatIf
oll
ow:
1._____________________________________________________________
2._____________________________________________________________
12
Assessment
A.Di
rect
ions:Wr
itet
hel
ett
erofyouransweronasepar
ateshee
tofpaper
.
1.Jewsbeli
evet
hatt
her
eisoneGod,andthei
rwr
itt
enl
awsr
elyont
he____.
a.Qur’an c.Hol
yBible
b.Tor
ah d.Tal
mud
2.Buddhist
sfol
low t
het
eachingsof____.
a.Indi
raGandhi c.SiddharthaGaut
ama
b.Prat
imoksa d.Br ahman
3.Hindusbel
ievei
n____.
a.Indi
raGandhi c.Si
ddhart
haGaut
ama
b.Prat
imoksa d.Brahman
4.Chri
sti
ansfoll
ow t
he____.
a.HolyBibl
e c.Tor
ah
b.Qur’an d.Tal
mud
5.Thesourceofr
ulesfort
heIslam i
scal
led____.
a.HolyBibl
e c.Torah
b.Tal
mud d.Qur’
an
B.Dir
ecti
ons:For 6-15,Ident
ify whi
ch pract
ice/pri
nci
plei s descr
ibed i
n each
number.Chooseyouranswersfrom thebox.Wr i
tethele
tterofyouranswerson
aseparat
esheetofpaper
.
a.I
slam b.Chri
sti
ani
ty c.Hindui
sm
d.Judai
sm e.Buddhism
____6.Theyhaveaposi t
iveattitudetowar dsbusi
nessandweal thcreati
on.
____7.Charit
yandj ust i
ceinbusi nessmustbeexer ci
sed.
____8.Businessshoul dbeconduct edin accor
dancewi ththerulesofnaturewhi
ch
Godgover ns.
____9.Fai
rpr i
cingandgoodbusi nessrelati
onsshouldbeapplied.
___10.Businessmenshoul dreallycarefortheenvironment.
___11.Theyappl ymar kethonest y.
___12.Theyputr est
rictionsonmi sl
eadingadverti
sements.
___13.Wealthisnott hei rulti
mat egoal.
___14.Theypur suer ightl i
vel
ihood.
___15.Theycompl ywi thther egulati
onsands tri
ctl
yadher et
ocont ract
s.
Addi
tionalAct
ivi
ties
13
Directi
ons:You have al r
eady l
earned t
he good pr
act
ices oft he di
ffer
ent bel
ief
systems.Thistime,yourt aski
stochooseonegoodbusinesspr acti
cethatyou li
ke
bestfrom each bel
iefsyst
em.Wr i
teyouransweron aseparatesheetofpaper.(one
pointeach)
Chr
ist
iani
ty:_____________________________________
________________________________
I
slam:____________________________________________
_______________________________
Hi
ndui
sm:_________________________________________
______________________________
Judai
sm:__________________________________________
______________________________
Buddhi
sm:_________________________________________
_____________________________
r
efer
ences
"
Hinduism And Busi ness"
. Hi manshu Rai. Accessed 10 Jul
y 2020.
http:
//www.
himanshurai
.com/hi
ndui
sm-
and-busi
ness/.
"
How t
oDoBusi nessinIsl
ami
cCountri
es".HBS WorkingKnowl
edge.Accessed 10
July 2020. htt
ps:
//hbswk.hbs.
edu/i
tem/how-
to-
do-business-
in-
isl
amiccountri
es.
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