IMPACT OF BELIEFS SYSTEM IN

BUSINESS PRACTICES
BELIEF SYSTEM
 The unseen force underlying our actions
is our belief system. Along with other
influences such as our personality,
genetic set-up, and behaviors, religion is
one of the greatest forces influencing
every decision we make. Some of the
world's major religions are Christianity,
Judaism, Islam, Buddhism, and
Hinduism.
BELIEF SYSTEM
 The unseen force underlying our
actions is our belief system. Along with
other influences such as our personality,
genetic set-up, and behaviors, religion is
one of the greatest forces influencing
every decision we make. Some of the
world's major religions are Christianity,
Judaism, Islam, Buddhism, and
Hinduism.
FIVE MAJOR RELIGIOUS BELIEF SYSTEM AND THEIR IMPACT
TO BUSINESS PRACTICESS
JUDAISM
 Jews believe that there is one god, who not
only created the world but who every jew
should have an intimate and interpersonal
relationship with. Further, there is a covenant
relationship between God and Jews in
exchange for God's many good deeds for the
Jewish people.

The Torah—the first five books of the Tanakh

—outlines laws for Jews to follow. It’s
sometimes also referred to as the Pentateuch.
 IMPACT TO BUSINESS PRACTICES

1. Fair pricing. There should be good value for money. You shall not
cheat each other when you sell something to your neighbor or buy
something from him or her.

2. Honesty on the market. It is illegal for traders to falsify the weight and
measurement of the goods or products.

3. Business relations. 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.
 IMPACT TO BUSINESS PRACTICES

1. Fair pricing. There should be good value for money. You shall not
cheat each other when you sell something to your neighbor or buy
something from him or her.

2. Honesty on the market. It is illegal for traders to falsify the weight

and measurement of the goods or products.

3. Business relations. 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.
CHRISTIANITY
 The Christian religion follows the Hebrew Bible
by taking a positive view of physical and human
creation and by seeing God as deeply concerned
with the ethical behavior of human creatures
towards one another. It also teaches that in the
persona of Jesus of Nazareth, Christ entered
history to redeem humanity from the self-inflicted
wounds of sin and to create a new age in which
humanity will come to live God's own life of love,
peace, unity and justice. The Old and the New
Testaments serve as the foundation of this religion.
 IMPACT TO BUSINESS PRACTICES

1.Human dignity and concern for people are crucial.

2.Emphasizes a sense of justice in business such as strict adherence

to contracts, compliance with regulations, and working for the
benefit of common good.

3.Christiansshould be transparent and honest with their dealings,

products, and services.

4.Focus on how business impacts individuals, the workers in

particular. They should be well-paid and they should find their
work meaningful and inspiring.
ISLAM
 For Islam, the source of rules is the Qur'an.
Islamic teachings place great emphasis on
respect for ethical and moral codes in human
behavior. Muslims believe in the Oneness of
God and that all things are created by God.
They believe that God has no offspring, sex,
class, or body, and is not affected by human
life's characteristics.
 IMPACT TO BUSINESS PRACTICES

1.Islamic
principles prevent abusing people through putting restrictions
on misleading advertisements.

2.UnderIslamic law, if a seller sells an item by making false

statements, the buyer shall have the right to cancel the transactions.

3.Contracts must be fair to both or all parties.

4.Interestis prohibited. That is probably the most common thing that is

identified with Islamic finance. One moral practice is that one is not
allowed to change or take interest.
BUDDHISM
 Founded on the teachings of Siddhartha Gautama,
who is called '"Buddha" or "the enlightened one", is
Buddhism. Founded on the teachings of Siddhartha
Gautama. Five fundamental moral precepts practiced
by members of the monastic orders and the laity are
refraining from taking property, behaving unchastely,
speaking wrongly stealing, and drinking intoxicants.
From the beginning, the basis of Buddhist practice
was meditation and the observance of moral
precepts.
 IMPACT TO BUSINESS PRACTICES

1. The goals should be defined. The clearer the goal is, the easier it is to be
defined. Is it about gain? Is it giving satisfaction to your customers?

2. The principle of cause and effect should be followed. We need to use

intuition in the case of a business proposal to work out the factors that
would take us to our ultimate aim. The process resembles reverse
engineering. We begin to trace back the logical sequence of acts that
would contribute to a given goal. This framework helps identify the steps
needed to accomplish the aim and provides a clear basis for a project
roadmap.

3. Empathy and compassion for the customers have to be developed.

 IMPACT TO BUSINESS PRACTICES

1. The goals should be defined. The clearer the goal is, the easier it is to be
defined. Is it about gain? Is it giving satisfaction to your customers?

2. The principle of cause and effect should be followed. We need to use

intuition in the case of a business proposal to work out the factors that
would take us to our ultimate aim. The process resembles reverse
engineering. We begin to trace back the logical sequence of acts that
would contribute to a given goal. This framework helps identify the steps
needed to accomplish the aim and provides a clear basis for a project
roadmap.

3. Empathy and compassion for the customers have to be

developed.
HINDUISM
 Hindus believe in one true formless, boundless, all-
inclusive, and eternal God called Brahman. He is not
an abstract concept but a real entity that everything
in the universe (seen and unseen) encompasses.
Hinduism is not an organized religion, and its value
system has no single, systematic approach to
teaching nor do Hindus have a simple set of rules,
like the ten Commandments to follow. Whatever
practices (local, regional, caste and community-
driven) throughout the Hindu world influence the
interpretation and practice of beliefs.
 IMPACT TO BUSINESS PRACTICES

1. Hindus have 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).

2. For business, prices and profits should be fair.

3. There must be high taxes on luxury goods.

4. Workers should receive fair and just wages, depending

on their ability and productivity.
 QUIZ
I. MATCHING TYPE.

1. There must be high taxes on luxury goods.

2. Human dignity and concern for people are crucial.
A. HINDUISM
3. Honesty on the market.
4. Focus on how business impacts individuals, the
workers in particular. B. ISLAM
5. Their principles prevent abusing people through
putting restrictions on misleading advertisements. C. BUDDHISM
6.Fair pricing.
7. They have a positive attitude towards business D. CHRISTIANITY
and wealth creation.
8. The goals should be defined.
E. JUDAISM
9. For business, prices and profits should be fair
10. Empathy and compassion for the customers
have to be developed.
II. FILL IN THE BLANKS.
11. The source of rules for the
Islam is called ____.
12. Jews believe that there is one
God, and their written laws rely on
the ____.
13. Hindus believe in ____.
14. Buddhists foll ow the teachings
of _____.
15. Christians follow the ____.
16-17. This religion follows the
Hebrew Bible.

18-22. What are the five major

religions of the world.

23-25. It is the unseen force

underlying our actions.
Answers.
1. A 11. Brahman 16-17. Christianity
2. D
12. Qur’an 18-22. JUDAISM
3. E
4. D 13. Hebrew bible
BUDDHISM
5. B ISLAM
6. E 14.Siddhartha CHRISTIANITY
7. A
Gautama HINDUISM
8. C 15. Hebrew bible 23-25. Belief system
9. A
10. C