Principles of Management as Prescribed by the Mahabharata
ed by the Mahabharata
INDEX
1. Corporate Objective
2. Management Principles a) Honor thy competitor b) Business consideration above personal consideration c) Adaptability d) Utilization of available resources e) Attitude towards work f) Work commitment g) Motivation- self and self-transcendence h) Work culture i) Manager’s mental health j) Management needs those who practice what they preach
3. Conclusion
Introduction
1.Corporate Objective :
Corporate objectives whether profit maximization or wealth maximization is being questioned today. Western management philosophy may have created prosperity – for some people for some time at least - but it has failed in the aim of ensuring betterment of individual life and social welfare. It has remained by and large a soulless edifice and an oasis of plenty for a few in the midst of poor quality of life for many. It does not give a sense of fulfillment what an individual desires at the end. (Aids Foundation of Bill Gates may be an example.)
Mahabharat depicts a path of Dharma as the sole objective, be it individual or corporate, since the same ensures maximization of happiness of all groups. An unholy desire to achieve results by any means often becomes counterproductive in the long run for the corporation and the country as a whole. Hence, there is an urgent need to re-examine prevailing management disciplines - their objectives, scope and content. Management should be redefined to underline the development of the worker as a person, as a human being, and not as a mere wage-earner. With this changed perspective, management can become an instrument in the process of social and indeed national development. Gita however talks about Nishkam karma which helps one to achieve results more effectively in the long run by pursuing a path of Dharma. The two main pillars of Gita are abhyas (practice) and
INDEX
1. Corporate Objective
2. Management Principles a) Honor thy competitor b) Business consideration above personal consideration c) Adaptability d) Utilization of available resources e) Attitude towards work f) Work commitment g) Motivation- self and self-transcendence h) Work culture i) Manager’s mental health j) Management needs those who practice what they preach
3. Conclusion
Introduction
1.Corporate Objective :
Corporate objectives whether profit maximization or wealth maximization is being questioned today. Western management philosophy may have created prosperity – for some people for some time at least - but it has failed in the aim of ensuring betterment of individual life and social welfare. It has remained by and large a soulless edifice and an oasis of plenty for a few in the midst of poor quality of life for many. It does not give a sense of fulfillment what an individual desires at the end. (Aids Foundation of Bill Gates may be an example.)
Mahabharat depicts a path of Dharma as the sole objective, be it individual or corporate, since the same ensures maximization of happiness of all groups. An unholy desire to achieve results by any means often becomes counterproductive in the long run for the corporation and the country as a whole. Hence, there is an urgent need to re-examine prevailing management disciplines - their objectives, scope and content. Management should be redefined to underline the development of the worker as a person, as a human being, and not as a mere wage-earner. With this changed perspective, management can become an instrument in the process of social and indeed national development. Gita however talks about Nishkam karma which helps one to achieve results more effectively in the long run by pursuing a path of Dharma. The two main pillars of Gita are abhyas (practice) and
References: 1. You Can Win- Shiv Khera 2. managementparadise.com 3. citehr.com XXXXXXXXXXXXXXXXXXXXXXXX