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Seminar paper from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Südwestfalen; Meschede, language: English, abstract: In the world of today, globalization and international networking progress and evolve rapidly. Therefore, the need to understand different cultures and philosophies in the context of business and economy arises. In Asia, one of the most widespread religions is Buddhism. With about 350 million adherents overall it is the fourth largest religion in the world, after Hinduism and Atheists, who share the third rank. Due to this fact, this thesis intends to give an overview over the major basic beliefs of Buddhists and their impact on the management of businesses.