The basic beliefs, values, and assumptions that are found in Buddhism have application in a number of managerial behaviors. Generally speaking, the belief in a birth-rebirth cycle, or reincarnation, provides a different orientation towards time. This perspective generally supports a more long-term orientation, as compared with a linear and short-term view of one’s existence. The importance placed on the “middle way” or moderation in all aspects of life tends to produce more consistent and moderate behavior. Extreme positions, including strategic choice are generally not reviewed as favorably. The belief in no-self tends to produce a more collectivist orientation and supports a stronger focus on interpersonal relations. The Five Precepts and the Eightfold Path have implications for ethical behavior. In
particular, Buddhist beliefs can manifest themselves in a number of different aspects of management including leadership behavior, personal development, team building, the use of harmony over conflict, and a more gentle approach to people management. The Dharma, as manifested in the Four Noble Truths, the Eightfold Path, the Five Precepts, and the various sayings attributed to the Buddha have much in common with modern managerial practice. This paper addresses five aspects in particular.