The Jewels of Ancient Indian Management Principles
India and China controlled more than 50 percent of the global trade hundreds of years ago. Being culturally rich, these two countries had a major influence on world trade before the western domination begins around 14th and the 15th century.
Both eastern giants lost their power and a new era ushered in. For centuries, the western world dominated global economy making eastern giants as their followers. They learned eastern management principles, adapt it and redefined the way businesses are done.
They succeeded in creating illusive management principles, making us from east to remain loyal to their so called newly founded new principles. When their influence faltered and fell, we the eastern limped making MiBrand Magazine analyze and explore the ancient Indian Management principles and techniques.
The economy of old superpowers, India and China becoming more advance western management gurus once again trying to cash in on their growth story by looking towards easterners for solutions, ways to rejuvenate their businesses. The table below indicates that time has come when history will repeat itself and India are once again at the centre of the world stage.
What are the management principles that laid long before as foundation made into India limelight of global economic power. Let us identify for our mutual understanding and apply them into our management system.
The Loksangraha means directing one’s action towards the benefit of all human beings, which translate that any business entity action should benefit the society at large. The economic principle of loksangraha lies at the root of all business entities with an aim to serve the needs of man. The mass global crisis often arises as business overlooks this ideal and create a problem for themselves.
The goodwill of the masses, lies at the heart of the phenomenal rise of any business, starting from the chief executive officer down to the workers, all should work in a spirit of loksangraha so that their company will thrive and prosper. The Vedic sloka “Om Sarve Bhavantu Sukhinah, Sarve Santu Nir-Aamayaah” [literally mean Om May All become Happy, May All be Free from Illness] outlining basic management principle all business entities to pursue in ensuring survival for all.
Ancient Indian Management
|SURVIVAL FOR ALL||
SURVIVAL OF THE FITTEST
The Shubh Labh
Shubh labh refer to profit derived from ethical act of business. Business gained profit when rules are honest, simple and restricted to economic issues rather than as means of new forms of exploitation. Ethics and business must go hand in hand: ultimately, business exists because it meets, and not pretends to meet, human needs and wants.
Corporate subh labh is possible only when all the employees start feeling a sense of belongingness, connectedness to the cosmos as a whole; it becomes clear that corporate sustainability is spiritual in its deepest sense.
A sustainability vision that facilitates competitive imagination by creating a shared roadmap for tomorrow‘s business provides guidance to employees in terms of organizational priorities, technology development, resource allocation, and business model design.
The Nishkam Karma
Nishkam Karma is a term derived from the Bhagavad Gita. It literally means detached involvement. Performing work, accepted on the basis of agreed remuneration, with little calculation or comparison with others, or concern for additional personal recognition, gain or reward during or completion of the work.
A verse in Bhagavad Gita Chapter 2, Verse 47 enunciates the principle of Nishkam Karma as: “Thou hast a right to action, but only to action, never to its fruits; let not the fruits of thy works be thy motive, neither let there be in thee any attachment in inactivity.”
Nishkam karma can also be described as the self-less or desire-less action, which is performed without any expectation of fruits or results. This is the central tenet of Karma Yoga path to Liberation, according to Hindu texts. Now it has now found the place not just in business management, management studies but also in promoting better business ethics as well.
Work as Worship
The ideal concept of work ethics is inherent in the well-known Indian phrase, ‘work is worship’. Hence, the attitude in performing one’s task should be in the form of worship. When work is treated as worship it leads to excellence in task performance.
The Manifestation of this idea can be seen in many fields of art and literature wherein most people ascribe their achievements to their attitude towards work in the form of work as worship. It may be indicated that the difference between ‘work religion’ and ‘personal religion’ should be understood.
In the idea of ‘work as worship’, the ‘work religion’ gets a priority over the rituals of the personal religions. When personal religion is adjusted to the requirements of work religion, then only proper work ethics develop in an organizing context.
Divinity in Human Beings
Every soul is potentially divine’ declared Vivekananda. This philosophy is at the core of Indian thought. It represents the essence of self-development we are responsible for what we are, and whatever we wish ourselves to be, we have the power to make ourselves.
If what we are now has been the result of our own past actions, it certainly follows that whatever we wish to be in future can be produced by our present actions; so we have to know how to act.
Vasudhaiv kutumbkam – Whole world is one family, is an important message from Indian thought. There are many countries spread out in this world and if the entire human race starts searching for their roots they may end up pointing the same source.
Similarly, when an organization viewed as family, the joys and sorrows are shared equally and members are part of the ‘corporate community.’
Avoidance of Extremes
The middle path an idea formulated long ago can be seen as a guide to right view, avoiding the extremes. In Buddhism, the middle path involves trying to avoid assumptions and examine our experiences with an open mind.
We can look at our experience of ourselves, trying not to be attached to a fixed idea of who we are. On the other handmibrand_The Jewels of Ancient Indian Managements Principles, we can look at others and the world around us and maintain an open mind about what they are like, not being too attached to fixed ideas of people and things which lead us either to desire or hate them.
Avoidance of Extremes implies balancing and steering through the middle or alternative approaches to the extreme solutions. Hence, Indian models seek to evolve new ways rather than being carried away by the ‘only way’ approaches to problems of related business or humanity.