Week-5_Belief-Skhjdcghvhbjkjjhgfdghjkjhgffghjkystems.pptx

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1. THE INFLUENCE OF BELIEF SYSTEMS IN BUSINESS PRACTICES

2. Most Essential Learning Competency (MELC): Explain how the belief systems influence business practices.

3. Objectives: Define a belief system. Identify the different belief systems (Christianity, Hinduism, Islam, Buddhism) that influence business practices. Describe the different belief systems. Explain the impact of belief systems on business practices.

4. BELIEF SYSTEM is an ideology or set of principles that helps us to interpret our everyday reality could be in the form of religion, political affiliation, philosophy or spirituality

5. RELIGIOUS BELIEF SYSTEM is usually structured around a moral code, the belief of one or more dieties, and the ability for supernatural occurrences to affect us in the universe that we exist in

6. SPIRITUAL BELIEF SYSTEM is closely related to religious belief system but is not structured choosing to believe in an after-life and follow a moral code of conduct but do not affiliate with a particular church or denomination

7. WORLD'S EIGHT MAJOR RELIGIONS

8. CHRISTIANITY the most widely practiced religion in the world with more than 2 billion followers centers on beliefs regarding the birth, life, death, and resurrection of Jesus Christ

9. IMPACT OF CHRISTIANITY ON BUSINESS PRACTICE Jesus warns against greed -- an exessive anxiety toward future needs and in serving money instead of serving God human dignity and concern for others are crucial in Christianity Basic Beliefs : There is one God, and Jesus was crucified but was resurrected. Followers reach salvation by following the teachings of Jesus.

10. IMPACT OF CHRISTIANITY ON BUSINESS PRACTICE stresses a sense of justice in business, such as the strict observance of contracts, observing regulations and working for the sake of the common good

11. CHRISTIAN BUSINESS ETHICS The Bible is the guidelines of business ethics Work is God's gift to humans as well as being God's call to them The Old Testament contains laws and injunctions about the fair treatment of employees Honesty in business

12. HINDUISM the world's oldest religion, according to many scholars, with roots and customs dating back more than 4,000 years the third largest religion, with about 900 million followers, behind Christianity and Islam

13. IMPACT OF HUNDUISM IN BUSINESS PRACTICE Basic Beliefs : Souls continue to be reborn. The cycle of rebirth ends only when the soul achieves enlightenment, or freedom from earthly desires. has a positive attitude towards business and creating wealth, yet wealth is not the supreme goal Ethics (dharma) and salvation (moksha) are more important

14. BUSINESS ETHICS IN HINDUISM 3 key reasons why ethics plays a key role in business: 1. It is crucial that ethics have a considerable influence if we want an efficient, smoothly operating economy. Ethics helps the market to its best. 2. The government, laws and lawyers cannot resolve key problems of business and protect the society: ethics can.

15. BUSINESS ETHICS IN HINDUISM 3 key reasons why ethics plays a key role in business: 3. Ethical activity is valuable, 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.

16. VIRTUES in the BHAGAVAD GITA Krishna mentions qualities in business, which are: To be peaceful Charitable Simple Clean Mild-mannered Saintly

17. VIRTUES in the BHAGAVAD GITA Krishna mentions qualities in business, which are: Magnanimous Equitable Truthful Obedient and merciful “One should surrender the fruits of one's actions to God and avoid greediness”

18. ISLAM the second largest religion in the world after Christianity, with about 1.8 billion Muslims worldwide started in Mecca, in modern-day Saudi Arabia, during the time of the prophet Muhammad's life

19. IMPACT OF ISLAM ON BUSINESS PRACTICE several Islam business scholars agree that a central concept of the religion is tawhid or unity with God Life is unified because it provides the practical way to pattern all facets of human life in accordance with God's will Basic Beliefs: There is one God. Followers must follow the Five Pillars of Islam in order to achieve salvation.

20. IMPACT OF ISLAM ON BUSINESS PRACTICE Five Pillars of Islam: 1. Shahadah - Bearing witness that there is no God but Allah and Muhammad is His prophet 2. Salat - Praying five times daily 3. Zakat - Giving charity or alms to those in need 4. Sawm - Fasting during the month of Ramadan

21. IMPACT OF ISLAM ON BUSINESS PRACTICE Five Pillars of Islam: 5. Hajj - Making pilgrimage to Mecca Business is included and should be run according to the laws of nature dictated by God

22. ISLAMIC BUSINESS ETHICS It 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 lamic business ethics are based on Al-qur'an and Hadits

23. The principles of business ethics according to Al-Qur'an: Prohibits business conducted by the evil The business must not contain elements of usury Business activities also have a social function either through Zakat and alms The right to prohibit the reduction of an item commodity that is acquired or processed with medium dose or scales because it is a form of tyranny

24. The principles of business ethics according to Al-Qur'an: 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

25. Ethics in Business Guide Rasulullah: Honesty Awareness about the social significance of business activity No perjury Welcoming/ friendly Should not petend bid at high prices, so that other people are interested in buying at that price

26. Ethics in Business Guide Rasulullah: Should not speak ill of other's people's business Business must not interfere with the activities of worship to God Paying employee wages before the sweat dried No monopoly

27. Ethics in Business Guide Rasulullah: Should not be doing business in a state danger that can be harmful and damaging individual and social life Commodity businesses that sell goods that are holy and lawful Businesses done voluntarily without coercion Soon be paying off credit obligations Gives grace period if the debtor has not been able to afford

28. BUDDHISM the faith that was founded by Siddhartha Gautama (“the Buddha”) more than 2,500 years ago in India about 470 million been most prominent in East and Southeast Asia but is growing in the West

29. IMPACT OF BUDDHISM ON BUSINESS PRACTICE based on the teachings of Siddhartha Gautama, called “Buddha” or “The Enlightened One” who searches to find relief for human suffering Basic Beliefs : People reach enlightenment or wisdom by following the Eightfold Path and understanding the Four Noble Truths

30. IMPACT OF BUDDHISM ON BUSINESS PRACTICE based on the teachings of Siddhartha Gautama, called “Buddha” or “The Enlightened One” who searches to find relief for human suffering Basic Beliefs : People reach enlightenment or wisdom by following the Eightfold Path and understanding the Four Noble Truths

31. The Eightfold Path 1. Right View or Right Understanding: Insight into the true nature of reality 2. Right Intention: The unselfish desire to realize enlightenment 3. Right Speech: Using speech compassionately 4. Right Action: Using ethical conduct to manifest compassion

32. The Eightfold Path 5. Right Livelihood: Making a living through ethical and nonharmful means 6. Right Effort: Cultivating wholesome qualities and releasing unwholesome qualities 7. Right Mindfulness: Whole body-and-mind awareness 8. Right Concentration: Meditation or some other dedicated, concentrated practice

33. Four Noble Truth 1. Truth of Suffering 2. Truth of the Cause of Suffering 3. Truth of the End of Suffering 4. Truth of the Way that Leads to the End of Suffering or Nirvana Buddhists search for the “right livelihood” and are generally againstcompanies that do not care for the environment or that abuse animals

34. Buddhism and Business Ethics (four perspectives): 1. Accepting personal responsibility for actions Buddhism strongly emphasizes the concept of cause and effect. It says that what is happening now is just the result of our prior decisions and actions. The Buddhist mindset will discourage mean-spirited and predatory actions.

35. Buddhism and Business Ethics (four perspectives): 2. Understanding the importance of healthy detachment Detachment is yet another strong virtue in Buddhist practice. It says that those business practitioners will have less control issues, power hunger, or profit insatiability. Those people will refrain from reaching for positions greedily, titles or possessions, to think that these are impermanent.

36. Buddhism and Business Ethics (four perspectives): 3. Nurturing the will to collaborate with others These encourage the Buddhist practitioners to open themselves to others, to have a greater collaboration and less selfishness. It says that the ego is a hindrance toward interconnecitvity. At any rate, today's business environments call for heightened levels of collaboration.

37. Buddhism and Business Ethics (four perspectives): 4. Practicing right livelihood Right livelihood is one of the elements of the Eightfold Path.

38. Quotations are commonly printed as a means of inspiration and to invoke philosophical thoughts from the reader.

39. A PICTURE IS WORTH A THOUSAND WORDS A complex idea can be conveyed with just a single still image, namely making it possible to absorb large amounts of data quickly.

40. Want big impact? Use big image.