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Your assignment is to prepare and submit a paper on the confucian business ethics equal importance to profit, process and principles.
Your assignment is to prepare and submit a paper on the confucian business ethics equal importance to profit, process and principles. Li gives importance to etiquette and defined process in any business. Any simpleton will not buy a diamond from a beggar. Each business has its own set of etiquette to be followed without which it cannot prosper. A merchant dealing with diamonds should look and act refined manner matching his customer’s status to sell his products to them. Each of this quality is important to do business ethically and properly. Practical Difficulties in Implementing Ethics Several business gurus and universities teach the young executives only about gaining more profits and winning over others. They do not teach them about the ways to do it ethically. As a result the business industry has grown into a massive barbaric ground where each one tries to swallow the other. Taking ethical decisions in everyday life is neither easy nor practical. Even if one person inclines to act in an ethical way, the company principles and the other fellow workers cease to co-operate with them. It is near impossible for any business executive or a business as a whole to stay very ethical in their business process. How Confucianism Connects Business with Principles These arguments might sound quite convincing for any normal man. But, there are still a thousand ways any person can stay ethical, if they choose to follow the Confucian principles in day to day life. O.C. Ferrell lists a few practices which result out of declining ethical standards. They are 1. Misuse of company resources 2. Abusing the fellow employees 3. Stealing from the company by altering accounts 4. Producing defective products 5.
