Management practices in indian traditions

Abstract

The modern management concepts of vision, excellence in work, perseverance, achieving goals, decision making techniques, planning are all discussed in various Indian literatures such as Ramanaya, Mahabaharata, Bhagavad Gita, Kautilya s Arthshastra etc. India has a rich and ancient tradition of more than 5000 years old as against the modern management principles which are still in their infancy. Most of the ethos is derived from ancient Indian scriptures We Indians used to manage our trade and industry according to these ethos. Management is not something new to Indians. The ancient Indian ethos which has stood the test of time can help Modern Management principles to create a more sustainable model of human resource management practices. The study observed that human resource practices of modern management can be drawn from Indian ethos. The study tried to identify the gaps that might exist in the present framework of modern human resource management practices and how Indian ethos can fill that gap to create a more sustainable paradigm for human resource management practices. newlineThe objectives of the study are to study the management concepts prevalent in Indian traditions, to study the management concepts prevalent in the current corporate sector, Identify differences in basic premise of western and Indian management practices, To evaluate management practices in terms of human resource development climate, training and development that are having its roots in Indian traditions, to study the impact of human resource practices on employee productivity, to bring recommendations and conclusions for further research. The study is descriptive and exploratory in nature. The research instruments used for the collection of data was structured questionnaire and direct personal interview. The area of present study aims at evaluating the organization s culture in the Life Insurance sector, which has been created by LIC all over India through its centralized administration from the Head Office at Mumbai. A study of Chandi