“A Qualitative Study On Vedantic Prepositions For Management”

Abstract

The strength of business organization is always being protected by ethical behaviour. A successful organisation is most likely to encourage high moral and value standard. Business ethos is a set of ideas, beliefs etc., 5000 years old ancient Indian text and philosophy which has great contributions in terms of business lesson. This study focuses on enriching the modern management paradigms by implication of management system developed in our own ancient texts especially in Veda. Veda itself is derived from the word ‘Vid’. It means both to know and to obtain or attain. Also according to Veda, “Nishkama Karma” means action performed without any expectations of fruit or results and treats actions as worship. Despite of having Indian strong base that is ancient scriptures as well as ancient wisdom, the Indian organisations are little slow in the pace of fast growth compared to country like Japan. This paper attempts to develop a holistic approach by integrating our own proven Indian ancient wisdom with current management practices and derive the eternal essence out of it. The qualitative research methodology used for this study is hermeneutics; which is a study, understanding and interpretation of ancient text. The Veda urges the successful enterprises to be the strong value based system for achieving long term results. This will be possible only through transparent practices focusing on the best interests of the society in large. Our ancient scripture has already the sense of wealth maximisation, change management, ethical practices, cultural practices, productivity management, globalization, customer satisfactions etc. Management itself is a wide spectrum.

This paper will try to identify the linkage between our Indian Vedantic propositins which have stood the test of time and modern management philosophy. The theoretical framework with reference to spiritual congruence help in creating sustainable management model by which an organisation can attain excellence and scales up itself from individual/institutional level to global level.