Professional Documents
Culture Documents
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- A system of maintaining records and data of a 2. Plato – “The Philosopher-King” is one of the
particular business with centralized book of world’s best known and most widely read and
records to balance daily sales and cash receipts studied philosophers. He was the student of
as well as to reconcile bank accounts. It is Socrates and the teacher of Aristotle. He wrote in
considered as the organization of financial the middle of the 4th Century BCE in ancient
information in which you are keeping your Greece.
records organized and make it easier to locate This is Plato’s philosophical idea:
and provide to appropriate parties. It is
important because it helps with business “Good people do not need laws to tell them to act
analysis, a tool used by management to analyze responsibly, while bad people will find a way
business performance. around the laws.”
1. Socrates (469-399 BCE) - “The Gad-fly at the 4. Immanuel Kant (1724–1804). “Duty based
Marketplace” is one of the few individuals whom Ethics”. He is one of the most influential
one could say have shaped the cultural and philosophers in the history of Western Philosophy.
intellectual development of the world for without He was not concerned with the consequences of
him, history would be profoundly different. one’s actions or the harm caused to one’s individual
interests. Instead, he is focused on motives and the
This is Socrates’s philosophical idea: willingness of individuals to act for the good of
others, even if the action might result to personal
loss. Doing something for the right reason was more Servant Leadership
important to Kant than any particular outcome. Trust
Justice
Diligence
For example, business ethics is littered with cases of Generosity
companies that have suffered damaging crises due
to their leaders’ lack of commitment to act based on C. Islam: Ethics from Qur’an
goodwill and about what benefits others. Both business and ethics are interrelated.
5. Jeremy Bentham and John Stuart Mill- There is a reference to this point in the
“Utilitarianism” revolves around the concept of “the Quran: For you in the Messenger of Allah is
end justifies the means”. It believes that outcomes, a fine example to follow (Al-Ahzab 33:21)
as a result of an action have a greater value Contracts should be fair to all parties.
compared to the latter. Partnership is preferred over hierarchical
claims
Utilitarianism is a philosophy or belief suggesting
Speculation is prohibited
that an action is morally right when the majority of
Interest is prohibited
people benefit from it. Also, the doctrine that an
Compassion is required when a business is
action is right as it promotes happiness, and that the
in trouble.
greatest happiness of the greatest number should be
the guiding principle of conduct. Utilitarianism is a Names are very important for doing deals
moral theory that advocates actions that promote Relationship and family connections are
overall happiness or pleasure and reject actions that vital in business
cause unhappiness or harm. A utilitarian philosophy, D. Hinduism: Non- Violence
when directed to making social, economic, or
political decisions, aims for the betterment of Ethical Principles of Hinduism
society. Ahimsa (non - violence)
A. Judaism - relies on the Torah for its written law, Detachment (abandonement of the fruits of
and the Talmud, the source of Jewish oral law, the action)
elaborate and expands Torah law. Truthfulness
Not to Steal
Honesty in the Marketplace - “Were you
Self-Control
honest in your business dealings?’
Discipline
Importance of keeping clear records and
Appropriate words and thoughts
behaving in a way that does not cause the
Motivation to achieve the goal
public to suspect one’s veracity.
Judaism sees nothing wrong with wealth as Yamas (restraints or abstentions)
long as it is obtained honestly and used to
1. Non - Violence (Ahimsa)
help the poor.
Fair Pricing 2. Truthfulness (satya)
Employers are required to pay employees
3. Not to steal (asteya)
on time
An organization should try to achieve its 4. Non - possession (aparigraha)
goal (e.g., profit) but most also care for
Niyamas (Observance of Rules)
others
Responsibility for the environment 1. Purity (shauca)
B. Christianity: Crucial Principles 2. Satisfaction (santosa)
1. The Golden Rule - “Therefore all things 3. Austerity/ Self-discipline (tapas)
whatsoever ye would that men should do to you, do
4. Self-knowledge (svadhayaya)
you even so to them: for this is the law and the
prophets. 5. Surrendering to God (Ishvarapranidhana)
2. The Theory of the Real Economy - “there is Integrity
narrower point of view from the Christianity faith
towards the relationship between ethics and - To conduct business fairly, with honesty and
religious traditions. transparency such that everything done stands
the test of public scrutiny.
Environmental Stewardship
Understanding a. “You will always be getting praise and blame, but
do not let either affect the poise of the mind: follow
- To be caring, show respect, compassion and
the calmness, the absence of pride”
humanity for colleagues and customers around
the world and always work for the benefit of Follow the Eightfold Path
India.
1. Prajña Ditthi - seeing reality unfiltered and as it
Excellence actually exists
- To constantly strive to achieve the highest 2. Prajña Sankappa - the purifying wisdom and
possible standards in their day-to-day work and intention of harmlessness
in the quality of goods and services they
3. Sila Vaca - saying the truth, practicing non-harm
provide.
in your speech pattern
Unity
4. Sila Kammanta - non-harmful action (this
- To work cohesively with colleagues across the applies to self and others)
group with customers and partners around the
5. Sila Ajiva - commitment to a non-harming life
world, building strong relationships based on
tolerance, understanding, and mutual 6. Samadhi Vayama - seeking the mindful
cooperation. disicipline to improve oneself constantly and over
time
Responsibility
7. Samadhi Sati - awareness of reality and freedom
- To continue to be responsible, sensitive to the
from temptations, cravings, and distractions
countries, communities and environments in
which they work, always ensuring that what 8. Samadhi Samadhi - proper concentration and
comes from the people goes back to the people meditation
many times over.
F. Confucianism: The Golden Rule
E. Buddhism: Maxims for Business
- “Do not impose on others what you do not wish
- Buddhist business practices and maxims can be for yourself” – Confucius
beneficial to the decision-making process in the
workplace, - Romar (2002) states that Confucianism could
- No single person can do all jobs. indeed provide an applicable guideline for
- Business managers must discern the skills and organizational behavior, because it is context-
abilities of each worker and assign that worker oriented regarding the assignment of
to a job the worker can handle responsibilities.
- Workers so assigned must work with a good - Responsibilities come together with roles, and
attitude roles in turn are defined by the constituted hierarchy
Managers and workers must practice the seven Management should lead by example:
duties of:
1. Leaders should not act selfishly, but in the
forgiveness interest of their subordinates.
self-control
2. Right
non-stealing
steadiness 3. Integrity
truthfulness
4. Loyalty
wisdom
learning 5. Filial Piety
a. “None can live without toil” - Direct leaders to hold on to a basic blueprint of not
only doing good, but also being good
3. Be Mindful
- It is important for business leaders to maintain
philosophical principles in the corporate
environment at all levels of business from daily the values and beliefs in managing and operating
operations to executive decisions. their business.
1. Purpose must be authentic and cannot be viewed 4. Joy and Humor
as another short-term business strategy or way to
Business operates and growth not only by means of
garner customer attention;
profit and management. An entrepreneur operates
2. Shift the dialogue from profit to purpose business to find joy and happiness in his life.
Helping people by promoting employment and
3. Align you brand’s core competencies with your
providing quality product and services to their
social platform by making a clear, authentic purpose
clients create a joyful feeling. Filipino values
statement;
always find reason to feel joy and has a sense of
4. Be willing to update your purpose and vision humor to established camaraderie to others. It sheds
with the changing times, keeping in mind the light on the optimism and positivity of Filipinos in
expectations of tomorrow’s generation as well as whatever situation they are in. It serves as a coping
today’s. technique to remain determined in every struggles
or challenges in life and in business.
The most popular Filipino values that influence
business practices are the following: 5. Ability to Survive
Is the relationship between a guest and a host, 6. Hard work and Industriousness
wherein the host receives the guest with goodwill, Filipinos are determined and persistence to
including the reception and entertainment of guests, accomplish whatever they have set in their minds.
visitors, or strangers. Entrepreneurs should master In business, hard work and industriousness play a
on how to treat and provide excellent services on vital role to establish and develop business progress.
welcoming their suppliers and customers to create a They need employees who are willing to work
good reputation and relationship since hospitality overtime, with minimal supervision and
plays the fundamental role to increase or decrease resourcefulness comes with a hard work to serve the
the volume of sales, popularity, and production business.
growth in a business.
7. Flexibility, Adaptability and Creativity
3. Family Orientation
Filipino has an ability to adapt, adopt and adept in
It refers to the family in which a person is raised. It any changes and challenges in life either in
includes one’s parents and siblings. It may also spiritual, social, emotional and physical aspect. In
include grandparents or other relatives. It is a business, unplanned, and anticipated events in
primary platform for which one encounters early market would not disturb the flexibility and
socialization experiences. Values and beliefs can be adaptability values of Filipino entrepreneurs. They
learned from the family that will inculcate to a child could easily produce creative strategy, technique
as he/she matures into an adult. The Filipino valued and style to adjust challenges and compete with
their family and being closed to one another until others.
the last of their generation. Most of the successful
entrepreneurs acquired and gained this ample 8. Utang na Loob (Debt of Gratitude)
knowledge in dealing with their business from their
It shows duties and responsibility to pay the debts
family. Consequently, they became well trained to
(utang) and return it with inner-self-free will (na-
manage their family business. Others inherit the
loob) the unsolicited gift or good treatment received
skills not only from their family business but also
from other people. An obligation to appropriately Is a Spanish word which means “self – love”, a
repay the good deeds which value is impossible to sense of self-esteem or self-respect that prevents a
quantify or if there is a quantifiable value it may person from swallowing his pride and concerned for
involve deeply personal internal dimension that will one’s reputation. It includes sensitivity to personal
usually starts from one generation and continue to insult or affront.
another generation. In business, plenty of reasons
that it may influence the business practices either
positive or negative outcome that may vary with
ethical issues.
9. Filial Piety
To show respect, love, care and support to their
elders, parents, relatives and ancestors. It upholds
the affection and display courtesy to the family that
most cases are likely working together in one
company; living together in one house; paying the
house bills of their parents. It also to take good care
to one’s parents and engage in good conduct not
just towards parents but also outside the home so as
to bring a good name to one’s parents and ancestors.
10. Padrino (Whom you know system)
It supports with the strong relationship of people.
Most of the job seekers automatically hired
regardless with their qualifications and educational
background through endorsements, political
connections, family affiliations (nepotism) or
friendships (cronyism).
11. Suki
It shows loyalty and trust relationship between a
customer and supplier. It usually establishes at the
market or business. If a buyer finds a trusted seller
that offers a quality product they need, the loyalty
and commercial connection of a buyer will be
established to the seller and made several business
transactions with their so called “suki”.
12. Bahala Na
The Bahala Na Filipino value shows letting things
happen beyond their control. It shows an attitude of
a person that is willing to submit everything to God
or leaving things to happen by fate. Some of
investors operate business beyond their control,
they will only believe that the market will accept it
if they will “do their best and let God do the rest.”
13. Mañana
It comes from the Spanish word “Mañana” which
literally means “tomorrow” or “unspecified future
time”. In business, the attitude that tends to delay
the task, putting off tomorrow what they can do for
today or postpone on the things that should be done
right now may reduce volume of sales, loss
customer trust and satisfaction, waste opportunities
and interrupt the work flow.
14. Amor Propio