Indian Ethos: A Guide to Value Based Management

  • Dr. Akhilesh Kumar Mishra

Abstract

Value based management system is the management philosophy that ensures corporations are run consistently on values. it incorporates creating value, managing value and measuring value. Values-based management also involves developing welfare-oriented policies towards various stakeholders which aid in values-based decision making. It requires Values-based leadership which asserts that people are mostly motivated by values and live according to these beliefs. Now a days its a great challenge for organizations to adopt value based management as in the era of cut throat competition it paves the way for survival. If we look at Indian ethos it provides detailed guidelines for all these aspects of value based management. This paper is an attempt to delineate these guidelines. The scriptures quoted includesKautilyasArthashastra, Ramayana, Viduraniti, Mahabharatha and other ancient Indian literature. This paper also integrates the guidelines into a framework for effective values-based management.

 

Key Words:value-based management; business ethics; Indian ethos and management.

Published
2019-12-30
Section
Articles