Why do we need global ethics?

The Subject “Why do we need a global ethics?” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Master (MIB): International Business.

Doctorate (DIB): Ethics, Religions & Business.

Learning materials in or Ética Global Éthique mondiale.

Why do we need the global ethics?

Worldwide crisis (financial, economic, and politic): need for a Global Ethics.

How we have seen, global ethics influence on:

1. International Business: “Towards an Ahimsa Company?”;
2. New Globalization model;
3. Science;
4. Education. Towards an education in values which transcends cultures;
5. Politics;
6. Religions and Culture Dialogue.

Global Ethics influence on global business and Globalization.

1- International Business and Global Ethics.

a) International Marketing Strategies

Adapt globally with global ethics principles.

Impact on:

1. Marketing plan: Product design, promotion and communication policies, prices, distribution strategies, positioning, branding, and segmentation;
2. Value Chain (Suppliers, Distributors, Branch);
3. People (Workers, Managers, Directors) Code of Ethics.

Sample:
Kiran Mazumdar

b) Trusted Relationships.

Business growth and brand loyalty.

Sample:
Azim Premji

C) avoid the intercultural clashes.

The Intercultural Management (Hofstede, Edward Hall) measures the differences between cultures. Global Ethics is based on the shared values.

d) Digital Economy. Google, Facebook.

Who define privacy limits ?

2- New globalization model.

Free market based on the global ethics principles and respecting environment and humanity.

Towards a Spiritual Capitalism and “Ahimsa Company”: The success of a company is measured by:

1. Values: integrity, non-violence (Ahimsa), and tolerance;
2. Results: efficiency, profitability.

Remember: the spiritual leaders are showing the path. Some of the world's Business leaders are developing their teachings.

We need to open our mind and our heart to non-Western vision.

To Hinduism.

Sample:
Hinduja

To Buddhism.

Sample:
Kazuo Inamori

Sample:
Buddhist Economics

To Islam.

Zakat (solidarity).

1. The Zakat tax as the basis of the Islamic fiscal policy;
2. Quoted thirty-four times in the Quran;
3. A good Muslim should pay annually 2.5% of its assets of its net wealth, to benefit the poorest brothers or in a state of disgrace.

The role of the banks in the global economy

1. Under the principles of Islamic Finance, a Bank cannot be a single lender who is not involved in the business; the Bank should be a financial partner;
2. The Bank assumes the risks of the company and therefore has a part of the business ownership.

Sample:

“Now I have just my dresses. I donated all my possessions” Sulaiman Al-Rajhi is the founder of one of the World's largest Islamic banks.

To Jainism.

Sample:
Bhavarlal Hiralal Jain

To Christianity.

Sample:
Carlos Slim (the world's richest men)

To Agnostics.

Sample:
Giving Pledge

Economy, finance, and politics have been globalized. Why not ethics?

The history of humanity has bequeathed us through our ancestors these wisdom traditions, these open windows to understanding, that today, in the digitalization and globalization era; we can lose.

The English poet T.S. Elliot explained us this risk with these beautiful and thoughtful words.

“Where is the knowledge we have lost in information?
Where is the wisdom we have lost in knowledge?” TS Elliot.

The Bhagavad-Gita, the sacred book of Hinduism, wrote 2,300 years ago, says:

“When the kindness declines
When the wickedness increases
When the purpose of the life is forgotten
I will manifest, I will return
To pronounce the sacred; to destroy the sin of the sinner
To re-establish the way of the principles” The Bhagavad-Gita.

Religions and Global Business.

(c) EENI Global Business School (1995-2022)
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