Abstract There is always good performance in business for the first generation of today¡¦s entrepreneurs. These first generation entrepreneurs have much to contribute to the economy of Taiwan nowadays. However, illicit activities were committed unceasingly in the last five (5) years by some of the owners, such as diverting funds, making illegal deals in stocks, gaining illegal profit, faking financial reports, lending and borrowing illegally, failing in investment etc. As a result, firms failed to operate during financial crisis, hurting the rights and interests of investors. Furthermore, employees were laid off. These illicit activities were not the result of operation but were motivated by greed and other ulterior motives. This research shows that there are four common major problems in the enterprises of the present age. 1. Shortsightedness. 2. Lack of principle & ethic of management. 3. Lack of innovation. 4. Benefiting the self at the expense of others. Buddhist doctrines explore and solve problems based on cause-effect using psychology and mentality. This research recommends four methods based on the Buddhist doctrines to rectify the four major problems. 1. The Bodhisattva is afraid of cause and the ordinary is afraid of effect to overcome shortsightedness. 2. To obey the precepts and ethics to overcome the lack of principle & ethic of management. 3. To cultivate oneself according to the self-reflection Buddhist doctrines to overcome the lack of innovation. 4. To operate with compassion and kindness to others to overcome benefiting the self at the expense of others. The aim is to apply Buddhist doctrines in this research, rectify the corruption of enterprises of the present age, and assist them to be successful businesses. Moreover, it could help them to be excellent and prosperous businesses. In addition, companies can learn how to avoid failure. Business failure is not shameful; it is only a process in any venture. It is encouraging when a firm rebuild again from failures. According to the findings of this research, it is correct to fulfill the Buddhist doctrines to rectify business corruption of the present age.