Virtue Is Good Business: Confucianism as a Practical Business Ethics

This paper argues Confucianism is a compelling managerial ethic for several reasons: 1) Confucianism is compatible with accepted managerial practices. 2) It requires individuals and organizations to make a positive contribution to society. 3) Recognizes hierarchy as an important organizational princ...

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Bibliographic Details
Main Author: Romar, Edward J. (Author)
Format: Electronic Article
Language:English
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Published: Springer 2002
In: Journal of business ethics
Year: 2002, Volume: 38, Issue: 1, Pages: 119-131
Further subjects:B Business Ethic
B Substance Abuse
B Economic Growth
B Positive Contribution
B Managerial Practice
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Description
Summary:This paper argues Confucianism is a compelling managerial ethic for several reasons: 1) Confucianism is compatible with accepted managerial practices. 2) It requires individuals and organizations to make a positive contribution to society. 3) Recognizes hierarchy as an important organizational principle and demands managerial moral leadership. 4) The Confucian "golden Rule" and virtues provide a moral basis for the hierarchical and cooperative relationships critical to organizational success. The paper applies Confucianism to the H. B. Fuller in Honduras: Street Children and Substance Abuse case.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/A:1015760710802