Ancient Indian Wisdom in Modern Management : A Review of its scope and prospects
KEYWORDS
Indian Wisdom, Ancient Scriptures, Ethics, Spirituality, Indian Management.
The paper is based on reviewed literature and development in mentioned field of study which provides an excellent insight into the great pool of knowledge from our ancient Indian scriptures about management and administration. It provides an opportunity to integrate the wisdom with current management practices like TQM, Sustainable development, Environment protection, CSR, etc. for achieving a higher purpose, and for creation of an ethical environment. The challenges of today’s turbulent and imbalanced economic environment and society can be effectively addressed by the teaching of ancient Indian wisdom, and can help us to live in peace, co-operation, and harmony. It can give ethical direction to the modern managers, and create a league of extra ordinary leaders who can guide us towards a new horizon, but then the knowledge should be introspected from a spiritual stand-point and not with a doubt about its validity but with faith, irrespective of the religion we follow.
Manish Prasad Rajak
Research scholar, Department of business Administration, Assam University, India