Lack of business responsibility: an Islamic perspective
Author: Parvez, Zahid
Source: International Journal of Business Governance and Ethics, Volume 3, Number 1, 1 January 2007 , pp. 42-55(14)
Publisher: Inderscience Publishers
Abstract:This paper applies an Islamic perspective to understand the lack of business responsibility witnessed in recent times. A link is developed between the dominant materialistic‐secular worldview and lack of business responsibility. The paper argues that a materialistic‐secular worldview tends to disconnect economics from ethics, gives privilege to economic values over spiritual values, and confers primacy to legal/bureaucratic mechanisms over ethical and spiritual mechanisms for ensuring compliance to business responsibilities. It suggests that these orientations could account for the weak sense of business responsibility and unethical behaviours reported in earlier works. To remedy this, the paper proposes the broadening of problem‐solving methodologies so that both material and ethical/spiritual dimensions of business responsibility are given due consideration. In addition, the paper offers four suggestions, derived from religious traditions, for nurturing the spirit and letter of business responsibility.
Document Type: Research Article
Affiliations: Wolverhampton Business School, University of Wolverhampton, Shropshire Campus, Shifnal Road, Priorslee, Telford TF2 9NT, UK
Publication date: 1 January 2007
- The International Journal of Business Governance and Ethics aims to critically explore business and managerial strategies, actions, responsibilities and accountabilities for survival in a highly transparent and dynamic global world.
- Information for Authors
- Submit a Paper
- Subscribe to this Title
- Terms & Conditions
- ingentaconnect is not responsible for the content or availability of external websites