JMGT_V5_N4_A2 Patrick Kim Cheng Low Sik-Liong Ang Journal on Management 2230 – 715X 5 4 8 20 Confucian Ethics, Golden Rule, Stakeholder Theory, Ethical Action and Leadership In the past few decades, we have seen global warming, terrorist attacks, financial institution collapses, business scams, the Enron case and other unethical practices in the United States and other parts of the world (Low, 2009; 2009a). Notably then, nowadays, facing with accelerating turbulence and change, business leaders and managers need or should seek fresh ways of thinking and actions to sustain their business performance and growth in a global setting. Asian countries including China, South Korea, Taiwan, Vietnam, Japan and Singapore are fast emerging or becoming dominant global business players; the recent rapid heating and rise of the Chinese economy has an impact on the overall global economy as well as the balance of power in the world. It is interesting to note that all these said Asian countries have been influenced historically in one way or another by the practice of Confucian Ethics in their business leadership and management. In this paper prepared with wise Chinese sayings, the authors interpret and present Confucian Ethics and business lessons derived from the wisdom of Confucius. From Confucian Ethics comes the emphasis on positive business dealings and harmonious relationships as well as the value of learning; and these bring many benefits and good practices including good business management and applications of the Stakeholder theory. The understandings and practices of Confucian Ethics in a business organization coupled with the awareness, theory and applications of the stakeholder theory can indeed bring much peace, learning and growth for an organization. March - May 2011 Copyright © 2011 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=1426