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Bus ethics q3 mod5 Impact of Belief System final
Bachelor of Science in Business Management Major in Financial Management (BSBA FM)
North Eastern Mindanao State University
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BESRPreview text
Business Ethics and
Social Responsibility
Quarter 3 – Module 5:
The Impact of Belief System
in Business Practices
Introductory Message
This Self-Learning Module (SLM) is prepared so that you, our dear learners, can continue your studies and learn while at home. Activities, questions, directions, exercises, and discussions are carefully stated for you to understand each lesson.
Each SLM is composed of different parts. Each part shall guide you step-by- step as you discover and understand the lesson prepared for you.
Pre-tests are provided to measure your prior knowledge on lessons in each SLM. This will tell you if you need to proceed on completing this module or if you need to ask your facilitator or your teacher’s assistance for better understanding of the lesson. At the end of each module, you need to answer the post-test to self-check your learning. Answer keys are provided for each activity and test. We trust that you will be honest in using these.
In addition to the material in the main text, Notes to the Teacher are also provided to our facilitators and parents for strategies and reminders on how they can best help you on your home-based learning.
Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task.
If you have any questions in using this SLM or any difficulty in answering the tasks in this module, do not hesitate to consult your teacher or facilitator.
Thank you.
What I Know
A. Directions: Match the terms in Column A to their corresponding description in Column B. Write the letter of your answer on a separate sheet of paper.
A B
- Islam a. It follows the Old and the New Testaments.
- Christianity b. It was founded on the teachings of Buddha.
- Hinduism c. Its written law relies on Torah.
- Judaism d. They believe in Brahman.
- Buddhism e. Its source of rules is the Qur’an.
B. Directions: For 6- 15, identify what practice/principle is described in each number. Choose your answers from the box and write the letter of your answers on a separate sheet of paper.
a. Islam b. Christianity c. Hinduism d. Judaism e. Buddhism
____6. They have a positive attitude towards business and wealth creation. ____7. Wealth is not their ultimate goal. ____8. They pursue right livelihood. ____9. Charity and justice in business must be exercised. ___10. They comply with the regulations and strictly adhere to contracts. ___11. Business should be conducted in accordance with the rules of nature which God governs. ___12. Fair pricing and good business relations should be applied. ___13. Businessmen should really care for the environment. ___14. They apply market honesty. ___15. They put restrictions on misleading advertisements.
Lesson
1
Belief Systems and Their
Influence in Business
Practices
What’s In
Directions: Name at least three philosophers and explain how each of their philosophies has influenced business practices. Write your answer on a separate sheet of paper.
Notes to the Teacher / Facilitator This lesson includes sensitive topics. Emphasize to the students the value of respect, especially to people whose religion is different from theirs. Tell them also to be careful in giving examples and refrain from giving negative comments.
####### What is It
The unseen force underlying our actions is our belief system. Throughout our lives, human beings accumulate thousands of beliefs on all facets of life. We obtain them from things other people tell us, things we hear on the news, things we read, or any other external influences we are subjected to. All of these beliefs interact with each other, affect each other, and create a system together.
Along with other influences such as our personality, genetic set-up, and behaviors, our belief system, such as religion, is one of the greatest forces influencing every decision we make.
Religion highly affects our lives, whether personal or not. Some of the world’s major religions are Christianity, Judaism, Islam, Buddhism, and Hinduism. Each has its own organized system of beliefs, ceremonies, and worship, and each one offers prescriptions for a positive effort in both life and business.
1. 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.
In Christianity, human dignity and concern for people are crucial. This religion also emphasizes a sense of justice in business such as strict adherence to contracts, compliance with regulations, and working for the benefit of the common good. Christians ought to focus on how business impacts individuals, the workers in particular. They should be well-paid and they should find their work meaningful and inspiring.
A trading Christian does not try to win another's products or services for less than it is worth. One should not want to get a decent deal for hi s own wares by using extortion. If a person buys from a poor seller, that buyer must exercise charity and justice. He/she must pay the full price that the goods are worth. If friends and relatives are not interested in what a Christian vendor sells, the latter should not break off connection with them when they decided to choose differently.
Christians should be transparent and honest with their dealings, products, and services. They should not push people to buy goods or services because it does not reflect the heart of the Father, but that of mammon’s (according to Webster Dictionary, mammon means material wealth or possessions especially as having a debasing influence).
2. Judaism Jews believe there is one God, who not only created the world, but who every Jew should have an intimate and interpersonal relationship with. They believe that God works continuously in the world and affects all that people do. Further, there is a covenant relationship between God and the Jews in exchange for the many good deeds God has done for the Jewish people and continues to do.
Judaism, which for its written law relies on the Torah, has greatly influenced marketing and business ideology. Jewish culture, values and ideas, including the modern market, have penetrated many aspects of modern life. Some important points include market honesty, fair pricing, and business relationships.
Honesty on the market. It is illegal for traders to falsify the weight and measurement of the goods or products.
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. Likewise, if a person is ignorant of the true worth of an item and wants to sell it, the buyer should not take advantage of the confusion and underpay the seller. The Talmud (comprehensive written version of oral laws of the Jews) cares much about price control.
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.
Truly, business ethics occupies such important place in Jewish laws, culture, and tradition that at the final judgment, the Talmud has this to ask an individual: "Were you honest in your business dealings?"
In Judaism, work, including manual in nature, is held in great esteem like a sort of human partnership with the divine.
b. 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 which 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.
c. Empathy and compassion for the customers have to be developed. It is crucial to understand the challenge that our potential customers may encounter, and to have an empathic approach towards it. We need to recognize and always keep in mind the problem that our target customers have in their life and try to solve this issue in the best possible way based on that understanding. Compassion is the basis for a customer-first or a user- centered approach in business.
d. Be flexible, innovative, and mindful of impermanence. Buddhist theory puts into practice another useful insight: everything is constantly changing—we ourselves, the world, and all the people around us. It i s very easy to get caught with an idea that seems logical and solid, but it often becomes a trigger for narrow-minded thinking, stubbornness, and inflexibility in a rapidly changing reality.
e. Your team, yourself and the consumer have to be respected. The Buddhist ethics is based on the non-violence principle. They know everyone deserves to be happy and does not want to struggle. If we base our actions on that understanding and try not to harm others, we gain their respect and confidence. It brings trust and understanding in the team if we respect our colleagues. We try to stop doing something offensive behind or in front of people and make ourselves transparent.
The Buddhist business code and professional ethics are also closely tied to being environment-friendly. Buddhists pursue the "right livelihood" and are usually against businesses that do not really care for the environment or harm animals. Essentially, according to Buddhist teachings, the principles of ethics and morals are governed by examining a certain action that must avoid any harm.
5. 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 n or 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.
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 ).
For business, prices and profits should be fair. Tax system should give reasonable rates, should be economical in its implementation, and should not have adverse impact on economic growth. There must be high taxes on luxury goods. Workers should receive fair and just wages, depending on their ability and productivity.
It is worth noting, overall, that every faith has its own biases. Nevertheless, each of them has the core concept that faith would give rise to a commitment to maintain a desirable work climate. This is why our society cannot remove the effect of religion on modern business. We should be mindful of disparities in beliefs among various cultures and accept them. While there are global ethical standards, we must also show respect for each community's different values.
C. Directions: Choose one belief system and create an acrostic for its business practices or principles. Write your answers on a separate sheet of paper.
Example: Christianity (CROWN)
C- omply with regulations R- espectfully and strictly adhere to contracts O- nly get a decent deal W- ork for the benefit of common good N- o use of extortion
Rubrics: Correctness of answer 5 pts. (very good-5, good-4, fair-3, poor-2, very poor-1) Acrostic /word formed 3 pts. Mechanics 2 pts. Total 10 pts.
####### What I Have Learned
Directions: Answer each of the following tasks in two to three sentences. Write your answers on a separate sheet of paper.
Define belief system using your own words. (5 points)
Complete these statements: (5 points each)
I have learned that the business practices of Christianity are ________________
I have learned that the business practices of Judaism are ___________________
I have learned that the business practices of Hinduism are __________________
I have learned that the business practices of Islam are ______________________
I have learned that the business practices of Buddhism are ________________
Rubrics: Correctness of answer 3 pts. Clarity of explanation 1 pt. Mechanics 1 pt. Total 5pts
Assessment
A. Directions: Write the letter of your answer on a separate sheet of paper.
Jews believe that there is one God, and their written laws rely on the ____. a. Qur’an c. Holy Bible b. Torah d. Talmud
Buddhists follow the teachings of ____. a. Indira Gandhi c. Siddhartha Gautama b. Pratimoksa d. Brahman
Hindus believe in ____. a. Indira Gandhi c. Siddhartha Gautama b. Pratimoksa d. Brahman
Christians follow the ____. a. Holy Bible c. Torah b. Qur’an d. Talmud
The source of rules for the Islam is called ____. a. Holy Bible c. Torah b. Talmud d. Qur’an
B. Directions: For 6- 15, Identify which practice/principle is described in each number. Choose your answers from the box. Write the letter of your answers on a separate sheet of paper.
a. Islam b. Christianity c. Hinduism d. Judaism e. Buddhism
____6. They have a positive attitude towards business and wealth creation. ____7. Charity and justice in business must be exercised. ____8. Business should be conducted in accordance with the rules of nature which God governs. ____9. Fair pricing and good business relations should be applied. ___10. Businessmen should really care for the environment. ___11. They apply market honesty. ___12. They put restrictions on misleading advertisements. ___13. Wealth is not their ultimate goal. ___14. They pursue right livelihood. ___15. They comply with the regulations and strictly adhere to contracts.
Additional Activities
Directions: You have already learned the good practices of the different belief systems. This time, your task is to choose one good business practice that you like best from each belief system. Write your answer on a separate sheet of paper. (one point each)
Christianity: _____________________________________________________________________
Islam: ___________________________________________________________________________
Hinduism: _______________________________________________________________________
Judaism: ________________________________________________________________________
Buddhism: ______________________________________________________________________
What I Have Learned
(Answers may vary) What I Can Do
(Answers may vary)
Assessment
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Additional Activities:
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Bus ethics q3 mod5 Impact of Belief System final
Course: Bachelor of Science in Business Management Major in Financial Management (BSBA FM)
University: North Eastern Mindanao State University
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