Essay On Business Strategy In Islam

Nowadays, business is most important sector that give big opportunity to people. For example, new business will need workforce to operate their business, accountant that will manage the record of financial and marketer that involve in promote the new business. This will help the Gross Domestic Product (GDP) of a country to increase and reduce unemployment rate. In order to create new business, most of the owner have their own business strategy that difference from other business. It can help businesses to compete in the market. Therefore we can see business strategy is important aspect for a business. Business model and business strategy is need to help business to see clear picture of their business. As we know, teaching of Islam is comprehensive towards all people. Islam encourage Muslim to do business in order to support their daily life. Business strategy in Islam have the same importance with the conventional perspective. They share same type of strategy and the way of strategy nowadays. But the importance in Islamic teachings is to uphold the ethics in doing business and follow two sources to be used, Al- Quran and Al- Hadith. Abu Hurairah ra from the

According to Lenski (1963), "every major religious group develops its distinctive orientation toward all aspects of life in that these orientations profoundly influence the 5 daily actions of its adherents" (Lenski, 1963). Therefore, Islamic value will affect the effectiveness of business strategy. As business strategy will affect the whole operation of business, businessman need to develop their strategy follow the value that Islam have thought us. It is because good strategy with Islamic value will help business to perform well. Every action in business will be counted by Allah same like our 5 daily action. In Quranic verse in which Allah