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Week 11 ethics
This document summarizes key concepts from Confucianism, Christianity, and Islam that relate to business ethics. It then prompts discussion on the ethical explanations for endorsed Islamic business practices like honesty and family-based employment. Students are asked to consider the advantages and disadvantages of these practices. The document concludes by asking students to identify similarities and differences between the three religions' ethics and to debate whether and how religious values should influence corporate decision-making.
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Week 11 ethics
- 1. MGX5020: Business ethicsin a global environment Week 11: Business Practices and Spiritual Traditions: Integrated Discussion www.monash.edu.au
- 2. Your Tutor (me) NathanEva – [email protected] – 9903 4065 – Building N Level 5 Room 14 – www.slideshare.net/nathaneva www.monash.edu.au 2
- 3. Confucianism • • • • • Humanity/benevolence Righteousness Propriety Wisdom Trustworthiness • Reciprocity • CollectiveEnhancement www.monash.edu.au 3
- 4. Christianity • Reciprocity • Distributionof wealth • Serving others • Protestant Work Ethic – Hard Working – Thriftiness www.monash.edu.au 4
- 5. Islam • UNITY (TAWHID) – – • JUSTICE (ADALAH) – – – • opposesinequality, exploitation, oppression wealth should be properly acquired (via productive means) an individual should work unless unable, in which case they should be supported by the community PURIFICATION (ZAKAH) – – • With God (Allah), with each other and with all aspects of life Preserves the idea of a common good in an economic system the rich are trustees (not owners) of their wealth economic necessity and spiritual salvation (re. ‘good works’) TRUSTEESHIP (KHILAFAH) – – – – economic and spiritual goals are compatible wealth accumulation is not the overwhelming goal waste is to be avoided resources should be used for everyone’s wellbeing www.monash.edu.au 5
- 6. Islamic Banking inGermany http://www.youtube.com/watch?v=2G4NNaRkd2c • What ethical issues is Islamic baking trying to address? • What are the advantages of these practices? • What are the disadvantages? www.monash.edu.au 6
- 7. Operating • In small groups,think about complete honesty, no undercutting, Family-based employment, no wage competition, no price competition: 1. What are the ethical explanations as to why these practices are endorsed in Islam 2. What are the advantages that these practices may bring to business? 3. What are the disadvantages they might cause? www.monash.edu.au 7
- 8. Nathan – getout your whiteboard • What are the similarities and differences between Islamic, Christian and Confusion ethics www.monash.edu.au 8
- 9. Debate “The focus ofthis conversation is going to be: should religious values play a role in corporate decision-making or in the way individuals within corporations make their decisions? But it also asks: is there a place, as a practical, empirical matter, for religious values in corporate decision-making?” (p. 547). www.monash.edu.au 9