Business and Faith Integration
dzofenya Ameduite
School of Business, Liberty University
BUSI530: Managerial Finance
Dr. Charles Smith
May 07,2023
BUSINESS AND FAITH INTEGRATION ASSIGNMENT
Author Note
Dzofenya Ameduite
I have no known conflict of interest to disclose.
Correspondence concerning this article should be addressed to dzofenya Ameduite
Email: dbameduite@liberty.edu
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Goals and Governance of the corporation
As the world grows more interconnected, self-regulatory measures like corporate codes
of conduct are more important than ever in ensuring that businesses live up to their legal
obligations. "Keep a close eye on your livestock and be familiar with the health of your
flocks;"
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Faith in a higher power is essential, but living each day guided by that faith and striving
to become better people is what matters. This essay will focus on the topic of religion at work. A
healthy dose of affection and regard is vital to the development of both individuals and
organizations. Mark 12:31 instructs Christians to "love your neighbor as yourself." However,
integrity is essential in commercial transactions. In business, like in life, it helps to have a strong
sense of responsibility and self-control. Since your roof is made of glass, why are we restricted
from throwing rocks at someone else's house? You will not be judged if you do not judge, as
Matthew 7:1 says. Being responsible for your work makes you a respected leader. As it is said in
Ecclesiastes 11:2, "Share your share with seven or even eight people because you do not know
what bad things can happen on earth." However, if anybody does not provide for his household,
he has rejected the faith. He is worse than a nonbeliever (I Timothy 5:8). However, many either
are unaware of this connection or choose to ignore it. It is not valid and telling them apart is
difficult. When faced with a complex scenario or desiring to improve one's performance at work,
people should frequently consult the Bible for guidance. The Bible is an excellent resource for
managers and employees because of its many valuable teachings. It prepares students to manage
and lead effectively and adapt to new situations. Bringing faith into the job is difficult, so you
must get creative. Managers and employees should demonstrate their newfound knowledge
rather than merely reciting it.
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The verse from Proverbs 22:7 reads, "The rich rule over the poor, and the debtor is the creditor's
slave," sums up this idea. Codes of conduct, as the name implies, lay forth the fundamental
principles, standards, and conventions that executives, managers, employees, and vendors are
expected to uphold. These principles and guidelines include industry-specific private standards
and general, nebulous regulations. From a legal perspective, there are two main points to
remember: first, the widespread but false idea that CSR initiatives are entirely optional for
businesses, and second, societal obligations. The importance of good corporate governance
cannot be overstated (Eijsbouts, J. 2017). The moral precepts that the Bible teaches us go counter
to what we see in the actual world, where people in authoritative positions have lost their
modesty, compassion, and consideration for others. However, some people have allowed
financial gain to cloud their judgment about what it means to be honest and kind.
Socially Responsible
The Bible teaches many things, but one of the most important is to care for other
people. Social responsibility is the idea that people should be responsible for doing what
suits their community. It is done in the hope that you will want to help people in need or
less wealthy than you, not because you have to. Also, you will not get anything back if
you do community work to show off to the media or your friends. James 4:3 says, "You
ask, but you do not get it because you ask wrongly so that you can spend it on your
wants." (King James Version, 1769/2017). This verse tells you that you will not get what
you asked for because you asked for the wrong things and only want what will make you
happy. "Corporate governance" refers to the laws, rules, institutions, and business
practices that protect owners and other investors. (Brealey and colleagues, 2020, p. 17).
Corporate control is an excellent example since managers will be caught and punished if
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they do things for themselves. Scandals happen when people do things for themselves
instead of their clients or companies. It shows that corporate control has broken down.
Good Management
Bible teachings on leadership and management are another functional area in the
business world. “When counsel is lacking, the people will fall, but when there are many
counselors, they will be safe." King James Version (1769; 2017). This passage warns that
without capable leadership, any organization would eventually fail. Leaders in businesses
should consider others' perspectives and avoid acting rashly. These executives require
self-control to make the right choices to ensure smooth operations throughout the
organization. One way a firm might demonstrate its worth to investors is by
demonstrating that it is self-disciplined enough to succeed and make timely loan
payments. Stakeholders or potential investors may view a company as high risk if it relies
on debt. Consider Psalm 37:21 as a paradigmatic example. To integrate this biblically, a
business must act responsibly by settling all its debts and refraining from incurring new
ones. In addition, this helps spread positive word of mouth about the company.
Adapting to Change
Every year, businesses have the challenge of adapting to new circumstances, and
those who fail to do so often find themselves in precarious positions. Businesses that
cannot adjust to the times will fall behind and lose money. So, it is because leaders
depend on their understanding rather than seeking guidance from God and those around
them. As an illustration, consider Proverbs 3:5-6, which advice relying on God's wisdom
rather than your own. Your business will benefit if you rely on God and avoid making
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short-sighted decisions that hurt your business. When making important business choices,
managers should consult with their teams, as in an analysis of a project. According to
Brealey et al. (2020), investing resources into soliciting external feedback might help the
organization improve its project analysis results.
Conclusion
Business owners and executives should know that incorporating biblical
principles is crucial to their company's success. Incorporating biblical principles helps the
firm maintain composure and concentration under pressure. The lessons from the Bible
may be applied to any circumstance and used to lead an organization to prosperity and
harmony. As a result, they learn to be flexible, adaptable, and socially conscious leaders.
It is not easy to force others to follow the simple yet profound teachings of the Bible. To
avoid offending their employees, most businesses refrain from openly expressing the
Biblical values they teach.
References
Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of corporate finance with
Connect (10th ed.). Boston, MA: McGraw-Hill
Jan Eijsbouts. (2017). Corporate Codes as Private Co-Regulatory Instruments in Corporate.
Governance and Responsibility and Their Enforcement. Indiana Journal of Global Legal
Studies, 24(1), 181–205
King James Bible. (2017). King James Bible Online.
. https://www.kingjamesbibleonline.org/
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https://doi.org/10.2979/indjglolegstu.24.1.0181
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