M6 Flashcards
an ideology or set of
principles that helps us to
interpret our everyday
reality
belief system
belief system could be in the form of
religion
political affiliation
philosophy
spirituality
how does belief system apply
- ethical responsibility
- environmental responsibility
- philanthropic responsibility
- economic responsibility
Engagement in fair
business practices.
ethical responsibility
Engagement in
environmentally
friendly practices
environmental responsibility
give back to the communities they exist in and donate to causes that align with their company mission
philanthropic responsibility
making financial decisions that prioritize doing good, not just making more money
economic responsibility
the most widely practiced religion in the world, with more than 2 billion followers.
christianity
centers on beliefs regarding the birth, life, death and resurrection of Jesus Christ
Christian faith
takes a positive view of physical and human creation, and sees God as deeply concerned with the ethical behavior of humans
christian ethics
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.
christian ethics
human dignity and concern for people and the environment are crucial
environmental responisbility
“Laudatu Si”
Praise be to you
a worldwide wake up call to help humanity understand the destruction that man is rendering to the environment and his fellow maNkind
praise be to you
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
economic responsibility
economic responsibility
*Puts heavy value on
quality of produce
*Always practice
transparency and honest
in dealings
core of Christian teachings
Charity and Philanthropy
buddhism is an example of
philantrophic responsibility
Founded on the teachings
of Siddhartha Gautama,
who is called “Buddha” or
“the enlightened one”
buddhism
Siddhartha Gautama,
who is called “Buddha” or
the enlightened one
who is called “Buddha” or
“the enlightened one”
Siddhartha Gautama
In business, Buddhists are
guided by the following
principles:
- The goals should be defined
- The principle of cause and effect should be followed
- Empathy and compassion for the customers have to be developed
- Be flexible, innovative and mindful of impermanence
- Respect
meditation and the observance of moral precepts
ethical responsibility
what responsibility talks about the practice of mindfulness has many applications for entrepreneurs who simply want to clear their heads and become aware of reflexive, emotional reactions that can lead to bad business decisions
ethical responsibility
means accepting situations for what it is without adding any interpretation and emotional connotation.
applying mindfulness to business
Many Buddhists believe that they should be socially engaged. Therefore, many Buddhists are involved in projects and charities which actively help those experiencing suffering due to poverty. Most traditional Buddhist communities consist of both monks and lay people
philanthropic responsibility
involved in projects and charities which actively help those experiencing suffering due to poverty.
buddhists
Most traditional Buddhist communities consist of both
monks and lay people
the basic provisions of the ecological ethics of buddism
Karma
Ahimsa
bodhichitta
the expression of human environmental responsibility
Karma
the principle on nonviolence
ahimsa
kindness and compassion for all living beings
bodhichitta
The heart of Buddhist traditions and teachings lies the Eightfold Path
economic rsponsibility
what are the eightfold path in the heart of Buddhist traditions and teachings
- Right View
- Right Intention,
- Right Action,
- Right Speech,
- Right livelihood,
- Right Effort,
- Right Mindfulness and
- Right Concentration.
These guide
Buddhists to
prioritize the
customers and
employees and
management.
eightfold path
the second largest religion in the world after Christianity, with about 1.8 billion Muslims worldwide
islam
aim to live a life of complete submission to Allah. They believe that nothing can happen without Allah’s permission, but humans have free will
islam
the major holy text of Islam
The Quran (or Koran)
A central idea in Islam is
“_______,” which means
“struggle.”
jihad
While the term has been used negatively in mainstream culture, Muslims believe it refers to internal and external efforts to defend their faith
jihad/struggle
what responsibility is when islam practised mainly through the institutions of sedekah (voluntary giving), waqf (a religious foundation or trust) and zakat (almsgiving). Zakat is the obligation for Muslims to contribute a fixed portion of their wealth to those in need.
philanthropic responsibility
Corruption of all kinds, including environmental corruption, which includes industrial pollution, environmental damage, and reckless exploitation and mismanagement of natural resources are disliked by Allah
environmental responsibility
In Islam, there are ethical rules and regulations to be followed in business transactions. It is crucial for merchants to implement those rules and regulations in their business in order to establish a stable and sustainable financial system.
economic responsibility
