Modern Management Through Ancient Indian Wisdom: Towards a More Sustainable Paradigm
The paper attempts to establish the relevance of the teachings of Ancient Indian scriptures like Vedas, Upanishads, Bhagavad Gita, Manu-smriti, Arthashastra, etc in the practice of Modern Management. In this paper, we will see that though Drucker's modern management paradigms like MBO are very ideal theoretically and can be derived from the ethical and spiritual frameworks of ancient Indian ethos however, in practice, companies are struggling to implement these frameworks effectively because they are still not aligned to the teachings of ancient Indian scriptures. Also, through the same body of knowledge derived from ancient Indian scriptures, we will try to understand the reasons behind individual decision-making failures ultimately leading to institutional failures and in the process would look forward towards integrating some elements into the existing frameworks to create a more sustainable management paradigm. In this regard, I have created a model which depicts a 6-fold path of “Jnan” or Knowledge through which we can not only better manage on an individual as well as institutional and global level, but also better able to contribute towards restoring World peace and uniform economic order through spiritual congruence.
Contemporary Indian Management Practices in the Dynamic Emerging Market Economy
The paper deals with successful Indian management practices in the rapidly growing Indian emerging economy. The focus is on the connection between culture, management, business and information and communication technologies (ICT). Specific aspects and challenges of Indian management are analysed in the context of comparative management, in a complex global environment. There is also a focus on the roots of success and business performance of prominent Indian companies. The analysis is based on relevant new data. The importance of identifying business opportunities by managers and developing innovative business models is explained from the aspect of the predicted rapid growth and sustainable development of the globally oriented Indian economy in the future period.
How do managers think about market economies and morality? Empirical enquiries into business-ethical thinking patterns
How do managers think about the relationship between the pursuit of economic success and ethical demands? This paper presents the main results of a qualitative-empirical study (Ulrich and Thielemann, 1992). The range of thinking patterns displayed by Swiss managers in this field of tension is elucidated and typologized. The results are then compared with those yielded by other studies on managerial ethics. Although the comparisons reveal essential parallels, the findings of previous investigations are interpreted in a considerably different manner. In particular it is shown that, on the strength of a systematic conception of the fundamental problem of business ethics, the frequently heard assertion that the vast majority of managers are ethical opportunists must be revised. The internationally prevailing thinking pattern among managers does not prove to be ethical opportunism or even cynicism buteconomism, i.e. theethical conviction that economically “appropriate” actionin itself is ethically good as such.