Analysis: Ethics and Legal Aspects of Management Principles

This essay delves into the ethical and legal aspects of management, comparing Jerry White's Biblical principles with the Caux Round Table's guidelines. It highlights similarities, such as the emphasis on fairness and honesty, and differences, particularly regarding the role of wealth and the application of biblical principles. The essay further explores White's principles of 'being a servant' and 'moral obligation,' discussing their impact on employees, organizations, stakeholders, and customers. It also examines the use of scripture, specifically the Ten Commandments and the principle of neighborly love, in business ethical decision-making, emphasizing the importance of controls, responsibility, and equity in business operations. The essay concludes by referencing scholarly sources to support its arguments.

Running head: ETHICS AND LEGAL ASPECTS OF MANAGEMENT 1
Ethics and Legal Aspects of Management
Name
Institution

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
ETHICS AND LEGAL ASPECTS OF MANAGEMENT
Comparison of Guidelines provided by the White’s Biblical and Caux Round Table
principles
Similarities:
The main standard of Caux Round Table is to regard partner past stakeholders by
regarding hobbies of as well as acts with reasonableness and genuineness towards, its
representatives, contenders, more extensive groups, Clients and the suppliers. This standard is
similar to the ‘Just Weight’ which is a biblical rule of Jerry White (Compa & Feinstein, 2011).
This Biblical rule requests us to offer the purchaser things they are paying for or ensuring that
the exchange is satisfactory. This Biblical rule talks over the administration or centrality of the
item being the same as the installment given (Morris, 2017). The main standard of Caux Round
Table could equally be compared with the second state of White through the use of ‘Total
Honesty.’
The 2 rule of Caux Round Table is to add to social, financial and ecological advancement
and is ended by upgrading society through sensible and accommodating utilization of
advantages, free as well as reasonable rivalry, and change in business practices and innovation.
This same rule can also be contrasted with the firth rule of White known as ‘Reasonable Profits.’
Differences
The first and second principles argue that the main responsibility of the business is to
make riches hence add to the joy of human. It seems to be entirely with respects to the directives

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
of the Old Testament of utilization and appreciation of the property of the private to wind up
increment and ‘productive’ upon the earth (Nicolaides, 2017). Additionally, Biblical sympathy
toward those who are poor requires giving a portion of the advantages of the riches as well as
payment earned by the business.
The fourth and seven Principles summon loyalty (constancy) to law: Debasement and
related influences are banished by the seven principles as they are in the Code of Mosaic
(Padelford & White, 2010).
Multinational exchange discovery offer support in the Old Testament by the extrapolation
of its procurement demand for the reasonable handling of outsiders (Wolcott, 2010).
2 White’s principles that go beyond the CRT principles Along with Their Influence
(Impact)
White’s biblical principles third rule is ‘being a servant.’ Even though Christian requires
to be identified as workers, they all would want to be dependable and not to be used as a worker.
We think worshiping the lord is a superb thing nevertheless when we consider assisting our
kindred man, then we all possess reservation (Zakaullah, 2017). According to Mathew, the case
of Christ is something we need to be taking after. He allows us to know and understand that his
work is not to be served but to serve God. He even went further informing us that he will offer
his life to the people (us). Institutions earn their worth according to how they deliver and serve
their Clients or Customers. It will determine the achievement of the Firm. Individual who staff
the organization must help. The way that the workers offer support and assistance through the
provision of services determines the estimation of the organization. When we perform, we hope
that God will solve our issues as we continue to cater to the needs of the others as a priority.

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
The 4 rule is known as the Moral obligation. It is critical that we all do not consider full
liability for our activities and our choices. What information do we outlay when we repeat our
operation because we valued the accomplishment of something untrustworthy and illicit, from
inside of the association or business that uses us? The truth is that we as the people often fall
several times in our lives undertaking things we are aware we ought to perform. Character forces
as acknowledge obligation concerning our choices and decisions and also to do anything to pass
the responsibility or fault concerning our activities onto other condition or another person.
Romans allow us to know not to stick to the plans of this world to gain the capacity of endorsing
and testing God’s will (Nelson & Grayson, 2017).
These principles affect the employees, the organization, stakeholders, as well as the
customers in many ways. Such as the law that state; being a servant’ refers that you should offer
yourself any responsibilities you possess at work. But you, in turn, should not be used as a
servant. In this case, all the available employees in the organization will be keen .in performing
their jobs, and no one will be able to stop the organization from growing and reaching the heights
of success.
Moral obligation refers to having a moral duty toward specific actions. If all the people
would be responsible for their action, then all the things would seek out automatically, and every
person would be responsible for her/his actions (Ronit, 2018).
3 Using scripture as a source for Business Ethical Decision Making
The Ten Commandments, which shorten the Law of God, the constitution of God’s
kingdom, can in turn capacity as our assistant when we manage perspectival and moral issues in
business. For example, the primary charge infers that we should avoid boost of the benefits as the
main goal of business operation; the 9th precept necessitates trustworthiness and respectability

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
are essential in business not only in promoting the business in different ranges but also in
performing other activities, such as bookkeeping.
The stewardship and social order rule also possess suggestions for the target of the earth,
the business, the decisions of items as well as compelling/efficient and administration
management (Melé, 2012). Acknowledging of the nature of our evil indicates that Christian in
business is capable of recognizing the importance of controls and responsibility and will evaluate
the motivations that are in control frameworks to reduce deceptive activities also, the propensity
that is short lived.
The neighbor adoration standard infers that the movement of the business ought to be
beneficial to suppliers, Clients, and our neighbor’s administration. This will affect our
representative relations and has higher chances of possessing suggestions for how people
contend especially in the commercial center. Because our Lord is the Lord of equity, the equity
guideline should also be shown in our business operations.
Since the Bible makes use of the Capital mostly in the feeling of uprightness, Christian
ownership infers. Mainly, to observe any decrees of God, to stay upright. Capital also affirms the
importance of respectability, trustworthiness, etc.; it, unquestionably, necessitate that we convey
administration and merchandise for ethical right motive. Equity further necessitates us to treat
every individual with decency as well as value representative relations with evident ramification.
Because of the tendency of the Bible stressing on the need for the equity to the underestimated,
the frail, Christians that are in the business should have sympathy toward the less talented
representatives and most minimal paid.

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
References
Compa, L., & Feinstein, F. (2011). Enforcing European corporate commitments to freedom of
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Melé, D. (2012). Review of" International Business Ethics: Challenges and Approaches" edited
by Georges Enderle. Journal of Markets & Morality, 5(2).
Morris, M. (2017). Managerial agency: Personality, psychopathy, structure and
leadership (Doctoral dissertation, Keele University).
Nelson, J., & Grayson, D. (2017). The leadership role of individual champions, companies and
foundations in building the coalitions. In Corporate Responsibility Coalitions (pp. 52-
61). Routledge.
Padelford, W., & White, D. W. (2010). The influence of historical socialism and communism on
the shaping of a society’s economic ethos: An exploratory study of Central and Eastern
Europe. Journal of business ethics, 97(1), 109-117.
Ronit, K. (2018). Global Business Associations. Routledge.
Wolcott, S. K. (2010, August). Sustainability accounting: What it is and how to teach it. In CPE
Workshop, AAA Meeting, August (Vol. 1).

ETHICS AND LEGAL ASPECTS OF MANAGEMENT 2
Zakaullah, M. A. (2017). Economic Governance and the Political Economy of the 2008 US
Financial Crisis: A Taxonomic Essay. In Qur’anic Guidance for Good Governance(pp.
117-151). Palgrave Macmillan, Cham.