Cash Flows From Cash Cows Should Be Used To Support A Basic Analysis of Confucianism and Its Impact on Traditional Chinese Business

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A Basic Analysis of Confucianism and Its Impact on Traditional Chinese Business

Confucian ethics, the most important and fundamental thought system that has governed Chinese culture for thousands of years, has had a major impact on China’s economy, politics, and culture. Undoubtedly, Confucianism has created a strong bond with traditional Chinese business culture since ancient times.

The idea of ​​profit in Confucianism is a double-edged sword. On the one hand, the Disciplines of Confucius made it clear that it was immoral for those in higher positions to indulge profits for their own purposes. On the other hand, the risky business activities of traders should satisfy the various needs of people.

In short, Confucian ethics were fully incorporated into traditional Chinese business activities. According to Confucianism, the business activities of merchants should be subject to ethical principles, with justice rather than profit as the central principle. Collective benefits should outweigh individual benefits, the same applies to spiritual values ​​versus material ones.

Ethical principles set a series of practical guidelines and rules that businessmen must adhere to. Ren, a core value of Confucianism that includes benevolence, humanity, kindness, and goodness, plays an important role when it comes to seeking profit and balancing ethics. The aim of Confucian ethics is to eliminate certain evil practices in the conduct of business activities, such as cheating, manipulation of supply and demand to increase rates, corruption of public officials, etc.

After Confucianism, traditional business activities were also heavily influenced by another term, Li, a set of ethical principles by which people behave politely and ethically. Mutual respect, courtesy, quality service and good interpersonal relations in a hierarchical society are also considered business priorities that outweigh the pursuit of profit.

Xin, another Confucian virtue meaning loyalty, trustworthiness and honesty, is also an important principle guiding business activities. Only when honesty and trustworthiness are thoroughly practiced can harmony and mutual benefit be achieved in business activities.

Yi, which means justice, the responsibility of doing good for man. In traditional Chinese business activities, Yi directs the flow of business, as people should be able to know what is right despite the loss of large profits.

The above virtues of Confucianism have long guided traditional Chinese business in the right way. Even today, its influence on modern business activity is great. Gaining some knowledge about Confucianism and its influence on traditional Chinese business practice can help you get your foot in the door when it comes to doing business in China.

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