Confucianism in Neoteric Business

1972 Words4 Pages

Confucianism in Neoteric Business

“He who will not economize will have to agonize.”- Confucius

Confucianism in the world is seen as a universal set of principles according to which one must live and interact. Teachings of Confucius should not restricted to certain fields or areas of life instead should be used as a tool to achieve the ideal state of oneself. Business sector is one such important area where people interact and communicate on different levels and everyone in the world engages in business whether they like it or not. Therefore it is necessary for a person to conduct himself/herself while performing any type of business. This code of conduct better known as Business Ethics can be strengthened by following and applying Confucian ethics in the corporate world. Although Business Ethics today is highly influenced by western orientation, it bares its root directly from the teachings and values of Confucius.

Another great philosopher from the west by the name Aristotle lived during the Confucian period (Axial age 1 according to the western calendar) and most historians believe that both the philosophers shared similar ideas and philosophies. From the 1980s and early 1990s a period of economic revolution was witnessed in East Asian countries, especially China, and many historians have argued that Confucianism was a core foundation, if not one of the crucial factors upon which the rate of economic success rested.

Hofstede and Bond (1988), two of the world renowned psychologists, after thorough examination termed certain values in Confucianism as ‘‘Confucian dynamism’’ because surprisingly it had direct correlation with the economic growth of East Asian countries. Moreover, the non-Chinese population in the other East Asia...

... middle of paper ...

...1).

Kit-Chun, J. L. (2003). Confucian Business Ethics and the Economy, Journal of Business Ethics (pp. 153–162).

Larmer, R. A.. (1992). Whistleblowing and Employee Loyalty’, Journal of Business Ethics (pp. 125–128).

Paine L. S. (1999) Ethics as Character Development: Reflections on the Objective of Ethics Education. In Freeman R. E. (ed), Business Ethics – The State of the Art, Oxford University Press, (pp. 67–86).

Tak, S. C. and A. Y. King (2004). Righteousness and Profitableness: The Moral Choices of Contemporary Confucian Entrepreneurs, Journal of Business Ethics (pp. 245–260).

Tamney, J. B. and L. H.-L. Chiang (2002). Modernization, Globalization, and Confucianism in Chinese Societies. Praeger Publishers

Zhuang, J. Y., S. Thomas and D. L. Miller (2008). Examining Culture’s Effect on Whistle-blowing and Peer Reporting’, Business and Society (pp. 462–486).

More about Confucianism in Neoteric Business

Open Document