Lack of Ethical Virtues to Harm Businesses in Islamic World Market: Study
This has been reflected in a paper titled “Investigating the Importance and Role of Human Values in the Management of Start-up Businesses in the Islamic World Market” written by Dr. Zahra Kamiab.
The paper is set to be published in the International Journal of Services and Operations Management.
“Business management is basically a management idea. Organizations perform better when they pay close attention to their business processes. Business management is more important in start-ups in the Islamic world because of their greater sensitivity and exposure to failure and bankruptcy,” reads part of the paper’s abstract.
“Therefore, this study was conducted to investigate the importance and role of human values in the management of start-up businesses in the Islamic world market.”
Speaking to IQNA about the result of her research, Kamiab said that if start-up businesses active in the Islamic world market seek to improve their performance via human values, they should improve the motivation of employees and promote some ethical issues in their organizations.
The prospect of arriving at good business management is low in absence of ethical issues such as social etiquette, work conscience, loyalty, cooperation, and politeness, she added.
Asked about the future of Islamic start-ups, she said, one can look into a bright future for Islamic start-ups if they appropriately fill the vacancies of human values with ethics and Islamic teachings along with typical start-up and academic standards.
“As we are in the Conceptual Age after the Information Age, the position of soft concepts, especially Islamic ones, can solve many of the problems and barriers that businesses face,” she said.
