INDIAN VALUES & WISDOM RELEVANT TO MODERN MANAGEMENT

Values

Values are defined in literature as everything from eternal ideas to behavioral actions.

• Criteria for determining levels of goodness, worth or beauty. • Act of valuing

• Part of the affective system

• Also provide an important filter for selecting input and connecting thoughts and feelings to action

Examples of Values

• Responsibility

• Self-esteem

• Sociability

• Integrity

• Honesty

CONTINUE……

• Autonomy

• Benevolence

• Compassion

• Courage

• Courtesy

• Trustworthiness

• Truthfulness

Five Root Causes of Organization-wide Barriers

Barriers to Employee Engagement

Alignment

Fear

Short Term Thinking

Money Information

Flow

USE OF VALUES IN MANAGEMENT

• Emphasizes rational thinking and reasoning

• Major assumption--valuing is the cognitive process of determining and justifying facts and beliefs derived from given facts

2. Assemble purported facts

1. Identify and clarify the value question

3. Assess the truth of purported facts

4. Clarify the relevance of facts

5. Arrive at a tentative value decision

6. Test the value principle implied in the decision

Relies on internal cognitive and affective decision making process

An individualistic rather than a social process

Individual makes choices and decisions affected by the internal processes of willing, feeling, thinking, and intending

Assumed that as the individual develops, the making of choices will more often be based on conscious, self-determined thought and feeling

IMPORTANCE OF VALUES

Advocates stress the need to provide specific opportunities for learners to act on their values

Values are seen in the interaction between the person and society

The process of self-actualization is viewed as being tempered by social factors and group pressures

EXTRACTION OF INDIAN VALUES FROM

ShrutiRevelation of Cosmic and

Eternal principles and processes

SmrutiCustomization-Localization

of Eternal principles and processes for current life

style and integrated welfare, also called Purushartha

Vedangas

Darshanas

Upavedas

Itihas

Dharm Shastras

Puranas

Panths

Agamas

These are deliberations

In

Specific periods

These are deliberations

In

Specific periods

The essence of into vedic knowledge has been crystallized into 700 concise shlokas, which provide a definitive guide to the science of self- realization.

Buddhism SikhismJainism

The common message in all Panths and Purana’s:

Sin= Causing Pain and suffering to others, blocking spiritual progress

Punya = Helping to get freedom from suffering/pain, progress spiritually

These are resources which help to identify specific formats of customization.

These are resources which help to identify specific formats of customization.

There is a list of Puranas – numbers ranging from 18 to 46 /108.

There is a list of Puranas – numbers ranging from 18 to 46 /108.

Shakta VaishnavaShaiva Jain

Ayur

Medicine

Gandharva

Music

Dhanur

Defense

Shilpa

Architecture

VaisheshikaKanada

Science of logic, futility of maya

SankhyaKapil

Eliminate physical and mental pains and

receive liberations

MimansaJaimini

Explains vedas are eternal and devine

VedantaVeda Vyas

Explains the devine nature of soul, maya

and creation

NyayaGautama

Logical quest for god, phases of

creation

YogaPatanjili

Practice of meditation and

samadhi for renunciation

VyakarnaSanskrit Grammar

ChandaPoetic Stanzas

NiruktaVedic Dictionary

ShikshaHow to pronounce

vedic mantras

JyotishaAstrology, Astronomy

Kalpa SutraRules related to performance of vedic religion

RamayanaValmiki

Life history of Sita and Rama teaching

ideal values

MahabharatVed Vyas

Story of Padavas, Kauravas and Sri

Krishna

UpasmritisNarada, Pulaha, Garga,

Pulastya, Shaunaka, Granu, Boudhayana, Vishwamitra

…etc.

Artha ShastraKautilya Economics,

Politics, Law.

Niti ShastraChanakya, Vidura, Shukra.

TirukuralTamil Shavite

Behavior, Conduct, Ethics.

Manu Smriti

Parashara Smriti

Yajnavalkya Smriti

Other SmritisBrihaspati, Daksha, Gautama,

Yama, Angira, Yogishwar, Pracheta, Shatatapa, Samvarta,

Ushna, Shanka, Likhita, Vishnu, Harita, AtriContinued on next slide.

LESSON OF VALUES TAKING EXAMPLE OF MAHABHARAT

“Kaama (Lust), Krodha (Anger) and Lobha (Greed) must be shunned by a man, as these three destroy the Aatma (soul) and are the three doors of the Hell.

Mahabharata has discussed morality ,devoid of attachment and anger, fearless and truthful, respect for elders. The rulings given by the figures in Mahabharata satisfied all. 

Sin attaches to the Doer Alone While one person commits sins (earn money by evil means), many reap the advantage resulting there from; (but in the end) it is the doer alone to whom the sin attaches.

One is intellect, through which means one should discriminate the right and wrong. By conquering the five sense organs you should know the reality of Sandhi( making peace with the enemy), Vigraha - declaring war against the wicked enemy, Yana – marching to action, Asana – remaining passive, Dwedha ( gaining victory by dividing the forces into two), and Samasrya (seeking protection of, or alliance with) a powerful king.. 

Abstaining from seven evils i.e. adultery, gambling (playing with dice), hunting, use of intoxicants like liquor, etc., saying unkind or hard words, infliction of punishment without offence and spending money for sinful purposes.

The friendship of the sinful has to avoided. Misuse of wealth, harshness of speech, and extreme severity of punishment will ruin even firmly established monarchs

Forgiveness is the only supreme way to peace; knowledge alone gives contentment and benevolence, and Ahimsa (non-injury) alone gives happiness.

Who wish to attain prosperity and happiness, should avoid these six faults : sleep, drowsiness, fear, anger, laziness and procrastination.

CONCLUSION

Who is truthful, tender-hearted, who respects others pure in mind and follow all values, shines greatly like a precious gem of the purest ray having its origin in an excellent mine. Who, himself knowing his fault, feels ashamed, becomes the lesson for the whole world – he is highly honoured among all men. He, who is possessed of immense luster, cheerful mind, pure heart ,a steady intellect and value based leader shines with energy like the very Sun.

Vedas an overview

Their time span was from 2500-7000 BC.

The term ‘Veda’ is derived from the root word‘Vid’ which refers to universal knowledge.

Propagated by ancient sages for the spiritual and social benefit of the entire humanity.

Vedas are timeless and have universal application.

Oldest and most revered literature

Theory of Vedic Management

Self Management

Relationship Management

Cosmic Management

SpiritualManagement

Management aspects in Vedas1.Financial management define two

type wealth. Vittam (wealth that has been earned

already) Vedyam (wealth to be earned

hereafter)

2. Profitability management

3. Capital structure planning Fair mode for wealth acquisition

Multiple sources of wealth

Social distribution of wealth

Conservation of wealth

4.Knowledge management

For any knowledge to take place the following three factors are important.

1.Premeya representing the object to be known

2.Pramata denoting the knower of the object

3.Pramana indicating the means of knowledge

Knowledge acquisition

1. Vidya ( knowledge )

2. Avidya ( ignorance )

3. Vijnanam ( wisdom )

5. HUMAN RESOURCE MANAGEMENT

6. SOCIAL RESPONSIBILITY

Division of management life according to Vedas

1.Brabmachari – Management trainee

2. Grahasta - Manager 3. Vanprastha - Director

4. Sanyasi - Management consultant.

AND MANAGEMENT LESSONS

MANAGEMENT GUIDELINES FROM GITA Resource Utilization

Attitude Towards Work

Work Commitment

Manager’s mental health

Management needs those who practice what they preach

RESOURCES UTILIZATION

ATTITUDE TOWARDS WORK

WORK COMMITMENT Work without detachment Work Ethics

o Daivi sampat- “ Divine Work Culture”

o Asuri sampat- “ Demonic Work Culture”

Focus on Goal.

Work RESULTS

Doer- Appreciated or Blamed ?

Karmayoga + bhaktiyoga = Seva Yoga

MANAGER’S MENTAL HEALTH

Some of the impediments to sound mental health are :

Greed - for power, position, prestige and money.

Envy - regarding others' achievements, success, rewards.

Egotism - about one's own accomplishments.

Suspicion, anger and frustration

MGMT. NEEDS THOSE WHO PRACTICE WHAT THEY PREACH

Leadership quality

“I am the strength of those who are devoid of personal desire and attachment”

SALVATION

Cultivate Sound philosophy of life

Identify with Inner Core of Sufficiency

Strive for Excellence

Ethico -moral rectitude

Lord’s Advice ::

“ “ Tasmat Sarveshu Kaaleshu mamanusmarah yuddha cha ” ”

Gita for Managers

“ No Doer of Good Ever Ends In Misery ”

You should practice what you preach

Visionary Leader

“ He who follows my ideal in all walks of life without loosing faith in the ideals or never deviating from it I provide him with all that he needs and protect what he has already got. ”

GEETA SAAR

Vedas in modern managementAreas of modern management Change management Crisis management Marketing management

Vedas and Change Management

Vedas and Change Management.

One shall be pleasant to all in the new environment and rein supreme.

One shall be vigilant, closely united, happy and prosperous in the new environment.

New environment brings happy fortunes.

Source : RgVeda Samhita

These verses may seem to be very basic. Appreciate its ancient origin. Build on these basic concepts. Study and interpreting of Vedas on

management lines should be taken. At last we should be proud and this vast

and timeless resource is our own and we should make fullest use of it.

Crisis Management

Identify the problem Understand and recognize it Cheerful acceptance of the situation as it

comes to one Act upon to mitigate the consequences

without losing tranquility & Equanimity. Maintain emotional maturity :isvara as the

karmaphala data Accept the limitations of 3 “W”s-Wish (Iccha

Sakti), Will (Kriya Sakti) ,Wisdom (Jnana Sakti).

Learn from past experiences and move forward

Vedas give insights on Marketing ideas like… Customer Relationship Management

(CRM) How to speak/listen to a customer? How to present yourself to a customer? How to manage and motivate your sales

team?

Listening and Speaking skills are most important in Marketing.

• The ear is indeed a wealth, use it.

• One shall hear abundantly with ears.

Source : Chandogya Upanisad

• There shall be honey at the tip of one’s tongue.

• Tongue is a sharp edge tool which shall be used with care and caution.

Source : Atharvana Veda Samhita

Vedas and Customer Relationship Management (CRM)

Vedas and CRM Important account needs to be focused and continuousattention given.

• One shall quickly listen to others’ calls.• One shall be very kind and gracious.• One shall speak pleasantly.• One shall look for agreement.• One shall entertain the guests befitting his standard.• He acts very rapidly and speedily.• He is prompt.• He is the one who quickens.

English translation of Sanskrit verses from RgVeda Samhita

Vedic tips on

How to present yourself to a customer?

Personality Management?How to present yourself to a customer?Vedas give you the answer!

One shall be sweeter than honey.

He shaves his hair and beard, trims his nails, bathes in waters, carries himself in an ideal garment and guards his body.

Head is grace, mouth is fame, hair and beard are brilliant. Breath is king and deathlessness. Eye is the Lord ; Ear is prince.

Tongue is bliss, voice is might, mind is calm.

Source : Atharvana Veda Samhita

How to manage your sales team – For a Marketing Manager

He combats and accomplishes that is yet undone.

He tactfully handles all encounters. He is a shaker of firm things. (open new ideas) He stands up erect to assist others. He passes lightly over distress. He wins even with a steed of worthless sort. He makes firm all that is weak in the

subordinates. He is swift to hear the calls of his followers.

How to motivate your sales team – For a Marketing Manager

He stirs people to labor. He is the originator of thought. He stimulates. He makes others better than what they are. He inspires the thoughts of others.

Source : RgVeda Samhita

The age-old wisdom of the Indian seers seems to have caught on today in the world of management. It will only be a reclaiming of our own heritage if we in India return to our spiritual lineage and reshape it, if need be, to suit the present claims. It is apparent that, we are well placed to take advantage of this knowledge economy owing to our celebrated spiritual heritage.

Indian spirituality is waiting in the corporate corridors ready to serve the business community.

The need is for self-awareness of it. A number of factors have brought the

spirituality to the centre stage of discussions. A few of them are:

* Corporate downsizing and retrenchment * Luxurious lifestyles * Balancing the personal and professional

life * Materialistic Business approach * Role conflicts

Besides these spirituality has gained importance because of problem of survival in this hyper competitive world where growth of education, social upliftment etc are common features.

Employees no longer are happy with professional success or material gains.

        According to Kautilya, four elements that define management excellence are: gaining possession of non-possessed; protecting that which is gained; making the protected grow; and deployment of employees. These are very much relevant to the modern management though the roots are in ancient Indian ethics.

   Learning about competing enterprises is essential not only for collaborating, but also for `standing alone', reminds Kautilya.

     Another sutra reminds that in law enforcement lies one's own protection. "Employment is sustained through enforcement," is a helpful clue to the HR department.

       And the golden rule, that today's management gurus would also vouch for, is: "When the number of tasks is many, priority should be given to that work which is most fruitful."