From the perspective of the business ethics, the global economic crisis is an evident consequence of the corporate world’s performance. First, we knew about the executive compensation, bonuses, and perquisites. Second, the hierarchical structure in most of organizations feeds the abuse of power, discrimination, and retaliation against those who ethically dare to discuss management policies and procedures. Third, the employment relationship means a lack of trust and commitment in both parties. Fourth, the core values, vision, and mission statements of organizations which say they value and respect people as the most important asset is an oxymoron. Fifth, ethics is above the law and cannot be regulated.More than a fact, spirituality is a necessity in the history of today’s organizations at this time where chaos, misunderstandings, lack of real-ethical leaders, unhealthy conflicts, and an incommensurable greed for money is destroying human relationships. It must be a science that reconciles our human spirit, and measures the reliability/validity of its discourse with the appropriate response of shareholders, CEOs, executives, managers, supervisors, employees, customers, suppliers, or stakeholders in general as human beings.
People are the main responsibility in the psychological contract we create when we interact one with another. We, the people, scientifically, have to discover the essence of being spiritual in a world-organization where the sole responsibility is to make money surmounting ethics and values. Without morality, the foundation of any entrepreneurship undertaken is just assuming the risk for the benefit of a profit, and not for the people, who represents the ultimate businesses’ maintenance and the pay off on their investment.
Some people have come to understand - with the 2008 global economic turndown - what the saying what does a company profit if it make a lot of money and lose its human soul means.
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