RELIGIOUS IMPLICATIONS FOR INTERNATIONAL BUSINESS

RELIGIOUS IMPLICATIONS FOR INTERNATONAL BUSINESS

Religion is a shared belief and rituals concerned with the realm of the sacred, is a cultural system  that creates powerful and long-lasting meaning by establishing symbols that relate humanity to beliefs and values.  Many religions have symbols, traditions, and sacred histories that are intended to give meaning of life  or to explain the origen. They tend to derive morality, ethics, religious laws or a preferred lifestyle from their ideas about the human nature

Religion is deeply concerned with the relationship between individuals and society on earth and the implication of that relationship on salvation: therefore, it is crucial for humans to understand the place of material survival in the cosmological scheme of life, what it means to be a person and how to identify with a certain kind of community.

Religion is an important issue that affects almost every aspect in the human beings life, from daily relationships to commerce, taking into account that some types of morally drive a lot of economic aspects (corporate social responsibility) that’s why sometimes countries need to adapt themselves in order to succeed in this developed world that is growing every day.

Religion gives formal approval to existing social arrangements, to justify or give official approval to Encourages a sense of unity, provides a sense of understanding and promotes a sense of belonging

The main religions in the world are the Christianity which Marx suggests that its focus on hard work, wealth creation, and frugality was the driving force of capitalism, Islamism adherents of Islam, called Muslims, believe that there is one true omnipotent God Islam is a way of life that governs one's being based on social justice, equity, & moderation, 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 and Buddhism also seen as a religion whose focus on spiritual achievement undermines wealth creation.

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

Colombia religion was based on the directives of the Roman Catholic Church in the late 1980s. The religion at Colombia comprised of about 95% of Christians. Nowadays the church continued to be the social and moral arbiter in Colombia; in fact the Catholic Church was regarded to be the center of every community; whereas the priest was recognized as an image of authority and leadership. The most important commercial implications of religion in Colombia lie in attitudes toward work and entrepreneurship, and the degree to which its ethical impact on the cost of doing business here.

References:

Joshua J. Lewer, Hendrik van den Berg (2007). Religion and international trade: does the sharing of a religious culture facilitate the formation of trade networks? American Journal of Economics and Sociology.

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.