Welfare and Protection Model for Organizational Management: The Islamic Perspective

Abstract

During the last decade, some incidents shook the corporate world, thereby causing organizations to struggle for their survival and individuals to secure their interests. These events led to the hard debates on organizational commitment towards stakeholders. In response to the growing needs in this sphere, this article aims to provide new dimension to the organizational responsibilities. Although the concept of welfare in organizational theories is not new, this study intertwines the concept of protection with welfare; thus making it more powerful to ensure more satisfaction for all stakeholders of organization. This paper provides an elaborate model of organizational success in global environment, utilizing religious perspective for the welfare and protection model. The chief reason for this approach is that all religions are supposed to preach good and beneficial things. This paper concludes that balanced approach for the welfare and protection of all stakeholders of organization can provide better financial gains and good reputation for long-term business performance.

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