In the transformation activities of the objective world, the earlist ancestor of the Chinese people——Yandi Shennongshi and the people in his times invented agriculture and medicine and developed the primitive handicraft and architecture, which demonstrated the management thought of “people’s livelihood”; “Doing business at midnoon” practiced their management thought of “credibility”; “Harmonizing the internal people and uniting the external tribes” reflects the management thought of “harmony and unity”; “ruling the world with virtues and cultivating morality by self-discipline” created the management thought of “rule of virtue”.