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MGX5020: Business ethics in a global environment

Week 11:
Business Practices and
Spiritual Traditions:
Integrated Discussion
www.monash.edu.au
Your Tutor (me)

Nathan Eva
– nathan.eva@monash.edu
– 9903 4065
– Building N Level 5 Room 14
– www.slideshare.net/nathaneva

www.monash.edu.au
2
Confucianism
•
•
•
•
•

Humanity/benevolence
Righteousness
Propriety
Wisdom
Trustworthiness

• Reciprocity
• Collective Enhancement

www.monash.edu.au
3
Christianity
• Reciprocity
• Distribution of wealth
• Serving others
• Protestant Work Ethic
– Hard Working
– Thriftiness

www.monash.edu.au
4
Islam
•

UNITY (TAWHID)
–
–

•

JUSTICE (ADALAH)
–
–
–

•

opposes inequality, 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
Islamic Banking in Germany
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

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Week 11 ethics

  • 1. MGX5020: Business ethics in a global environment Week 11: Business Practices and Spiritual Traditions: Integrated Discussion www.monash.edu.au
  • 2. Your Tutor (me) Nathan Eva – nathan.eva@monash.edu – 9903 4065 – Building N Level 5 Room 14 – www.slideshare.net/nathaneva www.monash.edu.au 2
  • 4. Christianity • Reciprocity • Distribution of wealth • Serving others • Protestant Work Ethic – Hard Working – Thriftiness www.monash.edu.au 4
  • 5. Islam • UNITY (TAWHID) – – • JUSTICE (ADALAH) – – – • opposes inequality, 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 in Germany 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 – get out your whiteboard • What are the similarities and differences between Islamic, Christian and Confusion ethics www.monash.edu.au 8
  • 9. Debate “The focus of this 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