Journal of Business Ethics

, Volume 38, Issue 1–2, pp 119–131 | Cite as

Virtue Is Good Business: Confucianism as a Practical Business Ethics

  • Edward J. Romar
Article

Abstract

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.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bowie, Norman and Stefanie Ann Lenway: 1996, H. B. Fuller in Honduras: Street Children and Substance Abuse, Thomas Donaldson and Patricia H. Werhane, Ethical Issues in Business: A Philosophical Approach, Fifth Edition (Prentice-Hall, Upper Saddle River, NJ).Google Scholar
  2. Collins, James C. and Jerry I. Porras: 1997, Built to Last: Successful Habits of Visionary Companies (HarperBusiness, New York).Google Scholar
  3. Driscoll, Dawn-Marie and W. Michael Hoffman: 2000, Ethics Matters: How to Implement Values Driven Management (Center for Business Ethics, Bentley College, Waltham, MA).Google Scholar
  4. Drucker, Peter F.: 1995, ‘The New Society of Organizations', in Managing in a Time of Great Change (Truman Talley Books, New York).Google Scholar
  5. Management Challenges for the 21st Century: 1999, (HarperBusiness, New York).Google Scholar
  6. Fingarette, Herbert, 1998, Confucius: The Secular as Sacred (Waveland Press, Prospect Heights, IL). Originally published by HarperSanFranciso: 1972.Google Scholar
  7. Fournier, Susan, Susan Dobscha and David Glen Mick: 1998, ‘Preventing the Premature Death of Relationship Marketing’, Harvard Business Review ( January-February), 42–51.Google Scholar
  8. Graham, A. C.: 1989, Disputers of the TAO: Philosophical Argument in Ancient China (Open Court, Chicago, IL).Google Scholar
  9. Hamilton, Alexander, John Jay and James Madison: 1901, The Federalist Papers (The Colonial Press, New York).Google Scholar
  10. Hammer, Michael and James Champy: 1994, Reengineering the Corporation: A Manifesto for Business Revolution (HarperBusiness, New York).Google Scholar
  11. Hammer, Michael: 1997, Beyond Reengineering: How the Process-Centered Organization is Changing Our Work and Our Lives (HarperBusiness, New York).Google Scholar
  12. Hoff, Robert, Kathy Rebello and Peter Burrows: 1996, ‘Scott McNealy's Rising Sun’, Business Week( January 22), 66–73.Google Scholar
  13. Hutt, Michael D., Edwin R. Stafford, Beth A. Walker and Pete H. Reingen: 2000, ‘Defining the Social Network of a Strategic Alliance’, Sloan Management Review 41(2) (Winter), 51–62.Google Scholar
  14. LaFargue, Michael: 1994, Tao and the Method: A Reasoned Approach to the Tao Te Ching (State University of Albany Press, Albany, NY).Google Scholar
  15. Lau, D. C.: 1979, Confucius: The Analects (Penguin Books, New York).Google Scholar
  16. Lau, D. C.: 1970, Mencius (Penguin Books, New York).Google Scholar
  17. Legge, James: 1971, Confucius: Confucian Analects, The Great Learning & The Doctrine of the Mean (Dover, New York).Google Scholar
  18. Nietzsche, Friedrich: 1989, Beyond Good and Evil, Helen Zimmern, trans. (Prometheus Books, Amherst, New York).Google Scholar
  19. Peters, Thomas J. and Robert H. Waterman: 1982, In Search of Excellence: Lesions from America's Best-Run Companies (Warner Books, New York).Google Scholar
  20. Raisch, Warren D.: 2001, The E-Marketplace: Strategies for Success in B2B Ecommerce (McGraw-Hill, New York).Google Scholar
  21. Rucci, Anthony J., Steven P. Kirn and Richard T. Quinn: 1998, ‘The Employee-Customer-Profit Chain at Sears’, Harvard Business Review ( January-February), 82–97.Google Scholar
  22. Shaw, Robert Bruce: 1997, Trust in the Balance: Building Successful Organizations on Results, Integrity, and Concern ( Jossey-Bass Publishers, San Francisco, CA).Google Scholar
  23. Shun, Kwong-Loi: 1997, Mencius and Early Chinese Thought (Stanford University Press, Stanford, CA).Google Scholar
  24. Stein, Jess (Editor-in-Chief): 1966, The Random House Dictionary of the English Language (Random House, New York).Google Scholar
  25. Trevino, Linda K. and Katherine A. Nelson: 1995, Managing Business Ethics: Straight Talk About How To Do It Right ( John Wiley & Sons, New York).Google Scholar
  26. Waley, Arthur: 1982, Three Ways of Thought in Ancient China (Stanford University Press, Stanford, CA).Google Scholar
  27. Yao, Xinzhong: 2000, An Introduction to Confucianism (Cambridge University Press, Cambridge, U.K.).Google Scholar

Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Edward J. Romar
    • 1
  1. 1.College of ManagementUniversity of Maasachusetts BostonU.S.A.

Personalised recommendations