Religious Implications for International Bussines

Religion is:

Shared beliefs and rituals concerned with the realm of the sacred.

Moral principles or values used to guide and shape behavior.

Shapes attitudestoward work and entrepreneurship and can affect the cost of doing business.

Sociologists concluded that every religion separates the sacred from the profane.
The particular things considered sacred vary from culture to culture.

Religion gives formal approval to existing social arrangements.

Karl Marx believed that once people have created a unified system of sacred beliefs and practices, they act as if it were something beyond their control. Religion words against social change.Max Weber suggested the religion sometimes encourages social change.

Christianity
 

Max Weber suggested that the Protestant work ethicand its focus on hard work, wealth creation, and frugality was the driving force of capitalism.

Islam

A society based on social justice, equity, & moderation.

Businesses that are perceived to be making a profit through the exploitation of others, by deception, or by breaking contractual obligations are unwelcome

Hinduism

Practiced primarily on the Indian sub-continent, focuses on the importance of achieving spiritual growth and development, which may require material and physical self-denial
Hindu asceticism is said to undermine entrepreneurial activity

Buddhism
 

Buddhismis also seen as a religion whose focus on spiritual achievement undermines wealth creation.

Confusianism

Interest of collectivity is higher than that of individual (Fang 1999).

Confucius taught that salvation is attained through right action based on three key teachings:Loyalty to one ifs superiors .Reciprocal obligations of superiors to subordinates (guanxi) Honesty These teachings may lower the cost of doing business in Confucian societies

Question

What is the dominant religion in Colombia? What are the religious implications for doing business here? Give examples.

The dominant religion in colombia is catholic religion, but doing bussines here in colombia the religion has no implications, if there was any implications, it was in the past but not now, you can be
catholic and if you steal in the bussines, you commit a sin, but nowadays sadly nobody cares about that.


References

Fang, T (1999) Chinese Business Negotiating Style, London: SAGE Publications Ltd.

Hill, C. (2007) International Business: Competing in the Global Marketplace. 7ed. New York: McGraw-Hill/Irwin.

Weber, M. (1958) The Protestant Ethic and the Spirit of Capitalism, New York: Scribner's Press.