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Tuesday, October 12, 2010

Is Due Diligence Biblical?

Due diligence is time consuming, hard work and vital.

In order of priority, due diligence is the first order of business once the problem or opportunity has been established. A mistake or omission at this point can spell doom to the overall effort. But, considering the repeatable negligence in decisioning that is taking place in today’s economy, one may think that this step had not yet been invented (BP; Fannie Mae; Corporate and Intuitional failures, Congressional lawmaking…on and on).

And now we are poised to elect a new regime. How much due diligence have we done?

Due diligence in a broad sense refers to the level of judgment, due care, prudence, determination, and activity that a person would reasonably be expected to do under particular circumstances. In corporate law, due diligence is the process of conducting an intensive investigation of a corporation as one of the first steps in a pending merger or acquisition. In a company acquisition, due diligence would include fully understanding all of the obligations of the company: debts, pending and potential lawsuits, leases, warranties, long-term customer agreements, employment contracts, distribution agreements, compensation arrangements, liabilities and so forth.

Due diligence is a process of acquiring objective and reliable information, generally on a person or a company, prior to a specific event or decision. It is usually a systematic research effort, which is used to gather the critical facts and descriptive information which are most relevant to the making of an informed decision on a matter of importance.

The Biblical principles of proving, studying and searching are in place to remind those who are believers to stay vigilant, and to those who would seek to fabricate and distort the original teachings…rendering them as “man-made” heresies.

Prove all Things

Herein is the caution, to prove all things. We must even put a burden on those who preach. We must not believe things on mere trust from the preacher, but try them by the law and the testimony. We must search the scriptures, to find what they say to be true or not (due diligence and discernment). We must not believe every spirit, but must try the spirits to see if they are from God or man.

“Everyone who labels themselves as Christian (76% of U.S. Population), has and ought to have, the judgment of discretion, and should have their senses exercised in discerning between good and evil, truth and falsehood” [Heb. 5:13-14]

1Th 5:21
Prove all things.

II Ti 2:15
Study to show thyself approved unto God.

Isa 34:16
Search the book of the LORD, and see what he will do.

Look up and beware of these:

Deceivers
False Witnesses
Charlatans
Opportunists
Liars
Fraudsters
Swindlers
Cons
Cheaters
Criminals
Crooks
Sharks
Fakers
Villains
Lawless

Decisioning begins with due diligence. It’s Biblical.

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