Balancing ethical responsibility among multiple organizational stakeholders: The islamic perspective [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 60 (2):131 - 145 (2005)
In spite of a renewed interest in the relationship between spirituality and managerial thinking, the literature covering the link between Islam and management has been sparse – especially in the area of ethics. One potential reason may be the cultural diversity of nearly 1.3 billion Muslims globally. Yet, one common element binding Muslim individuals and countries is normative Islam. Using all four sources of this religion’s teachings, we outline the parameters of an Islamic model of normative business ethics. We explain how this ethics model seeks to balance the needs of multiple stakeholders, and discuss its enforcement mechanisms. This Islamic approach to business ethics is centered around criteria that are in common with stakeholder theory such as justice and balance, and includes unique additional criteria such as trust and benevolence
|Keywords||stakeholder theory ethics Islam spirituality bribery corporate responsibility enforcement pollution consumers trust justice equity|
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Citations of this work BETA
Geoffrey Williams & John Zinkin (2010). Islam and Csr: A Study of the Compatibility Between the Tenets of Islam and the Un Global Compact. [REVIEW] Journal of Business Ethics 91 (4):519 - 533.
Yusuf M. Sidani & Jon Thornberry (2010). The Current Arab Work Ethic: Antecedents, Implications, and Potential Remedies. [REVIEW] Journal of Business Ethics 91 (1):35 - 49.
Khurram Khan, Muhammad Abbas, Asma Gul & Usman Raja (2013). Organizational Justice and Job Outcomes: Moderating Role of Islamic Work Ethic. Journal of Business Ethics:1-12.
Anselmo Ferreira Vasconcelos (2010). Spiritual Development in Organizations: A Religious-Based Approach. [REVIEW] Journal of Business Ethics 93 (4):607 - 622.
Raphie Hayat, Frank Butter & Udo Kock (2013). Halal Certification for Financial Products: A Transaction Cost Perspective. [REVIEW] Journal of Business Ethics 117 (3):601-613.
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