Business Ethic

Definition of Business Ethnic

Business ethics is a specialized study of the
moral right and wrong. This study
concentrates on moral standards as applied
in policies, institutions, and business
conduct (Velasquez, 2005)
 There are several things that
should consider in business
ethics
1. self-control
2. social responsibility
3. Create a healthy competition
4. Able to state that right is right
5. Applying the concept of "sustainable
development“
6. Consistent with the rules that have been agreed
7. Avoiding nature of (collusion, connection, and the
Commission)
3 Types of Problems Encountered in
Ethics
 systematic

Syste business
ethicsmatic
ethical questions that arise about the
economic system, political, legal, and
social
issues
systems in which the business
operates.
in
3 Types of Problems Encountered in
Ethics
 corporation
Problems in the company's corporate
business are the questions in specific companies.
These problems include the question of the
morality of the activities, policies, practices and
organizational structure of individual firms as a
whole.
3 Types of Problems Encountered in
Ethics
 individual
Individual issues in business ethics are
questions concerning specific individuals
within the company. This issue includes
the question of the
morality of decisions, actions and
individual character.
ISLAMIC
BUSINESS
ETHIC
BASIC PHILOSOPHY ETHICS
IN ISLAM
 Islam has laid down the basic truth in the
Qur'an.
 there are Various theories of ethics from an Islamic
perspective, as follows:
- Teleology Utilitarian
- Distributive Justice
- Deontology
- Eternal Law
- Relativism
- Theory of rights
Islamic Business Ethics
 Islamic business ethics is a set of values about the good, bad,
right, wrong, and halal, haram in the business world based on
the principles of morality are in accordance with Shariah.
 Islamic Ethics About Business In relation to the Islamic
paradigm of business ethics, the philosophical foundation that
must be built in Muslim personal is the conception of the
relationship between humans and their environment, and the
human relationship with God, which in the language of the
religion known as (hablum minallah wa hablumminannas ).
 Islamic business ethics based on Al-qur’an and Hadits.
The principles of business ethics
according to Al-Qur'an:
 Prohibits business conducted by the evil (Surah 4:29).
 The business must not contain elements of usury (Surah
2:275).
 Business activities also have a social function either through
Zakat and alms (Surah 9:34).
 The right to prohibit the reduction of an item or commodity that is
acquired or processed with medium dose or scales because it is a form
of tyranny (Surah 11:85).
 Upholding the values of both economic and social balance, safety
and kindness and do not approve of the damage and injustice.
 Prohibited businesses do wrong (cheating) either for himself or to
other businesses ( Surah 7:85 , QS.2 : 205 )
ETHICS IN BUSINESS
RASULULL
GUIDE
AH Honesty
 Awareness about the social significance of
business activity .
 Did not perjury .
 Welcoming/friendly.
 Should not pretend bid at high prices , so that other people
are interested in buying at that price
.
 Should not speak ill of other people's business.
 Did not do ihtikar .
 Dose , measurements and weights are correct
 Business must not interfere with the activities of worship
to God .
 Paying employee wages before the sweat dried .
 Not monopoly .
 Should not be doing business in a state danger ( harm
) that can be harmful and damaging individual and social life .
 Commodity businesses that sell goods that are holy
and lawful.
 Business done voluntarily , without coercion .
 Soon be paying off credit obligations.
 Gives grace period if the debtor ( creditor ) has not
been able to afford .
 Conducted that business net of elements of usury .

VIDEO
Christian
Business Ethic
Christian Business Ethic
 The Bible is the guidelines of
business ethic
 Work is God's gift to humans
as well as being God's call to
them (Gen. 1:28).
 The Old Testament contains
laws and injunctions about
the fair treatment of
employees,
e.g. Leviticus 19:13;
Deuteronomy 25:13–15,.
Christian Business Ethic
When man fell into
sin, the work remains a call
for humans, but the work
was done with the full
competition (Gen.
3:17-19). In the New
Testament Paul reminds to
work, if someone does not
work should not be fed (2
Thessalonians 3:10 b).
Christian Business Ethic
 The prophets,
especially Amos, spoke
out about the unfair
treatment of the poor
by the rich.
 People are told to treat
others as they would
be treated.
Christian Business Ethic

1. Honestly in
business. (Prov.
3:32).
2. Running a
responsible
business.
Christian Business Ethic
It is important for Christian
business people are
1. Let every business
person has a
conscience;
2. then he should be
sensitive to the social
problems arising in
business;
3. He should serve
others.

VIDEO
BUSINESS
ETHICS IN
HINDUISM
Business Ethics in Hinduism
There are three key reasons why ethics plays a key role
in business in Hinduism :
 First, it is crucial that ethics have a considerable influence
if we want an efficient, smoothly operating economy.
Ethics helps the market to its best.
 Second, the government, laws and lawyers cannot resolve
certain key problems of business and protect the society: ethics
can.
 Third, ethical activity is valuable in itself, for its own sake,
because it enhances the quality of lives and the work we do-
business has an ethical responsibility for fairness for
humanity.
What is the Bhagavad-Gita?

 The Bhagavad-Gita is known as one of the most

fundamental texts that form the basis of
Hinduism, which has become one of the world's
great religions.
The Bhagavad Gita
In the Bhagavad Gita, Krishna
advises Arjuna about an ethical
system that is applicable even
now. Krishna elaborates on
character-building virtues and
how to avoid ethical failure.
The Bhagavad Gita
The Bhagavad Gita the three fold meth
 karmayoga (work)
 bhaktiyoga (concentration)
 jnanayoga (knowledge)
 Virtues in the Bhagavad Gita
Krishna mentions qualities in business, which are:
 to be peaceful,
 charitable,
 simple,
 clean,
 mild-mannered,
 magnanimous,
 saintly,
 equitable,
 truthful,
 obedient and merciful
 One should surrender the fruits of one’s actions to God and avoid
greediness.
 More ideal qualities include: to be determined, steady, concise, expert,
eloquent, friendly, compassionate, grave, humble, respectful and
sober.
Lust is the Culprit
Many trainers try to teach people how to live ethically with
good character. But, still many people even in the corporate
world, fail when it matters.
Gita’s Solution
To overcome lust and avoid ethical failure,
one needs to control one’s
unruly senses with the help of spiritual
strength. But, businesses generally separate
spirituality and work.
Gita is Fresh Even Today
 The Gita’s insight into the human psyche is still
relevant and fresh.
 The Gita shows the path to a more disciplined, harmonious,
peaceful, balanced and secular life.
Conclusion
 Now that you understand the idea of business ethics, it
is important to practice good ethical behavior.

 Ethics are the building block of our society and thus

should be the building block of our
corporations. Henry Kravis states, “If you build that
foundation, both the moral and the ethical foundation, as
well as the business
foundation…then the building won't crumble.”
It is essential not to let greed cloud judgment.
Conclusion
 We have a tendency to believe in ethical relativism, in
such that individuals must evaluate actions on the basis
of what they feel is best for themselves because with
doing what we best for we can help other.
 Example, ethical relativism requires us to see murder
as a moral action as long as the murderer believes that
the action is best for himself or herself. Once a person
accepts the appropriateness of criticizing behavior in
some situations, the person has rejected ethical
relativism.