Confucian Virtues as Moral Anchors for Business Progress
Chris Larsen*
Citation : Chris Larsen, Confucian Virtues as Moral Anchors for Business Progress International Journal of Managerial Studies and Research 2019 , 7(4) : 101-111.
With the so called "economic miracles" of Asia (The four tigers : South Korea, Taiwan, Hong Kong, Singapore), Western scholars have had to reevaluate the previously common belief that models differing from western style capitalism could not bear fruit. The long-standing conception that Asian economic models are lacking and incapable of keeping pace with the economic progress of the west has recently required much reconsideration. The heat from this debate has resurrected the observations of Max Weber concerning the Protestant connection to western economic progress in determining if any similar connection exists in the socioeconomic progress of East Asia. The fact that a variety of new and successful economic systems have recently emerged on the world scene, particularly in East Asia, evidence that a certain degree of further analysis is appropriate. Management and businesses outside of Confucian states may well benefit from comparing their organization values and leadership practices and assess what values associated with the Confucian economic miracles could be adopted toward the enhancement of their own goals and missions.