Bible & Caux Round Table Essay Examples & Outline
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The Bible and Caux Round Table
The Caux Round-table principle believes that the world business community plays an important role in the improvement of economic and social conditions. Through an extensive as well as the collaborative process, the business leaders in the Caux Round-table principles developed the CRT principles for businesses in order to embody the aspiration of principled business leadership. The Bible, on the other hand, has been referred to as an inspiration book, and it gives reference on how a business can be able to run ethically in a way that is just. There are similarities that exist between the Bible and the Caux Round-table principles. This paper is going to look at the differences and similarities that exist between Caux Round-table principles and the Bible principles.
The first similarity that exists is that of personal responsibility. The Bible states that there is a need for one to take personal responsibility for his or her decisions and actions. Therefore, one should not give an excuse in order to do something that is either illegal or unethical. There is a need to ensure that one takes responsibility when making decisions and does something that is legal and ensure that they can stay in the scope of the law. This can be seen in Caux Round table principle seven, where it states that a responsible business should avoid illicit activities. The Caux Round table principle states that a responsible business does not participate in corrupt practices, money laundering as well as other illicit services.
The second similarity is the issue of profits. It is important to understand that a responsible business should acknowledge, and contribute value to the society through what can be described as employment creation platform and health viability for not only the shareholders but stakeholders. There is a need to understand that a responsible business should understand that there is a need to respect the interests of others and act with honesty towards employees, suppliers, as well as the broader community. This can also be seen in the Bible where there is a need to have reasonable profits.
The profits should be ploughed into the society as there is a need for an organization to treat the society in a way that they would like it to treat it to treat the business. Therefore, there is a need for an organization to look at the society in a way that will ensure that they make reasonable profits and provide reasonable wages and salaries for their employees. This can also be pegged with economic, social and environmental development. This is because a responsible business often recognizes the fact that it cannot be able to survive in a failing economic development.
A responsible business should, therefore, be able to contribute to environmental, economic and social development of the different communities where they operate in order to sustain what can be described as operating capital and contribute to the society. Therefore, responsible business gets profit through effective as well as prudent uses of resources that exist on free and fair competition.
There are several differences that exist with the Caux Round-table principles and the Bible principles. The Bible principle of being a servant is not shared with Caux Round-table Principles. The Bible states that indeed that there is a need to serve just as Jesus Christ served his disciples. Businesses should, therefore, serve their customers in the best way possible. However, the Caux Round-table principles state that there is a need to ensure that the business does not collapse and it should however participate in the global economy, and supports open and fair multilateral trade. This at times might go against the principle of serving. Another difference that exists, is the principle of just weight. This is because the market at the moment cannot be able to pay the quality of work, but rather it pays as going to the market rate.
There is one White principle that goes beyond those of Caux Round-table principles and it is that of being totally honest. The book of Ephesians argues that there is a need for persons to speak the truth, despite the situation. However, this is not the case with the modern contemporary business, where honesty at times might be scorned at. For example, company secrets cannot be given to other persons because of the honesty factors. Therefore, this is one white principle that goes beyond the Caux Round table principles. On the other hand, the utmost honesty might also mean the honesty that is shown by the employees towards their employers regarding ongoing businesses. This is an important and the key component when it comes to ensuring fidelity in business.
The scripture is a book that gives inspiration and sometimes direction in regards to ensuring that business runs ethically and efficiently. It is important to understand that there are employees that might not be of the Christian faith and the management should ensure that they make sure that the employees are comfortable with the policies and that they do not go against their respective faiths. However, White's five principles are worldwide policies that cut across different faiths.