Comparing Caux Round Table And White's Ethical Principles

Ethical Principles
“Do not conform any longer to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is – His good, pleasing and perfect will.” (Roman 12.2, New International Version). This paper will show the similarities and differences between the Caux Round Table and White’s biblical principles. It will discuss how if any White’s principles more than Caux can impact organizations, employees, customers, and other stakeholders. Also, this investigation will discuss how suitable it can be to use scripture as a basis for ethical business decision making for global managers and what challenges or problems might exist for the Christian manager using White’s five

The third guideline is about being a servant. To serve means to place others’ needs ahead of yours. Personal responsibility is the next guideline and this means that is taking your actions and owning up to the outcomes whether it is good or bad. The final guideline talks about reasonable profits. This can mean different things to everyone. You must take inventory of how you do business or your work and the value of what you expect to get in return. For the secular principles, Caux Round Table lists seven core principles for responsible businesses (Principles for Business, 2009). The first being respect stakeholders (employees or customers) beyond the shareholders (owners of the business). This principle is very similar to White’s honesty principle. The businesses must have the trust of not only their employees and customers but also their competitors and the community where they do business. The second principle is to contribute to the economic, social and environment development of the community by using resources wisely and building up the community and not harming it. The third principle talks about building trust by going beyond the letter of the law. This involves more of the operation of the company and making sure that it stays

What it means to be a servant in the business world is to care more about the people that are affected by your product. One example of this is the Reell Precision Manufacturing company (Guitián, 2015). This company has a statement that they want to make each customer have a world class service experience when using their products. Guitián (2015), goes on to explain that Reell does not expect it customers to change to meet its design; they change the design to meet the needs of the customers. This is a pure example of what it means to have a servant attitude. When a company can take pride in what they are doing, they will want to take that pride out into the community. They do this by volunteering, living in the community and supporting the community by buying other goods. Then the employees will see what the leaders are doing and want to follow their lead. Johnson (2015) suggests when leaders and followers work together both at the workplace and in the community; the company will have more success. The other principle that goes above CRT is the principle of personal responsibility. Johnson (2015) discusses an example this guideline when talking about the release of Nike’s version of LeBron James basketball shoes. The shoes targeted young black men at the high cost of $300. With the release, there were reports that kids were