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The Confucian Business Ethics – Equal importance to Profit, Process and Principles - Essay Example
This essay describes the conncetions between trade and business, that both had been the veins of human society ever since ancient times. The researcher provides an analysis of the Chinese business ethic rules and the discussion on how Confucianism connects business with principles. …
The researcher f this essay focuses on the analysis of the Confucian philosophy on business management, that is giving equal importance to profit, process and principles and is refered as the right way to manage modern day trade and commerce. The Chinese philosopher Confucius (551-479 B.C.) laid down clear rules on how to do business and live life generally. He believed business could be done in harmony with others without exploiting anyone, with collective interest in mind. The Confucian theory of business concentrates on four main principles, such as Ren – the quality of compassion towards fellow human beings, Xin – honesty and trustworthiness, Yi – giving importance to collective goodness more than personal profits and Li – following a etiquette and uniform process. Today, the western world views the business Confucianism only through the way the Chinese immigrants work. They interpret their sacrifices and hard work as hard and violent most of the time. The researcher mentiones that though most of the businesses in China struggle with the western influence, there are some like the example cited in this essay which have its strong ethical roots. It is such businesses that are transforming China into the next economical superpower, capable of lending millions of dollars to the US government. In conclusion, the researcher suggests that the Confucianism business ethics should be followed not only for the sake of ethics and profits, but to gain sheer peace of mind and happiness.