My experience of being asked to avail the services at a store only if i were to pay the FULL amount by the end of it and the SAME day led me to writing this.. I was made 'aware' that as it was 'A Wednesday'- credit of not even a single rupee could be allowed for she believed money if lent on a wednesday never comes back..!!
I respect it, and so just out of curiosity, wanted to understand - How religions or rather religious beliefs affects the way we do business.. it may be a bit different in Indian parlance..as we are a rich country in terms of diversity.. but on probing deeper..it has presence in international trade as well..
The religious practices and beliefs throughout the world are influenced by many factors:
What the religion's holy book says.
How the book is interpreted by theologians and clergy
The impact of scientific findings.
Individuals' personal experience, and above all:
The culture in which the religion is embedded
Particularly in Asia and the Middle East, religious and cultural perspectives have a strong influence on the conduct of business and the creation of business values.
For eg, Islamic banking is associated with the avoidance of charging interest on loans, or a Buddhist approach to work is particularly from the perspective of employees.
Now, as world population continues to grow and as new technologies are developed, MNC's are the biggest social institution of our time.
So to understand the global environment in which they operate, corporations must consider and attempt to understand both the religious traditions (sacred and civil) and the philosophies of those countries with which they do business, because these systems guide human behavior,in turn economic behavior.
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