The subject ‘Indian Management Thoughts and Practices’ is taught in Semester 5 of TYBMS at St. Xavier’s College. Indian Management Thoughts and Practices subject encourages the work on presupposition that Indian philosophy of life and Indian ethos give an organization a holistic work culture. The subject shows that ethics followed by corporate houses has its foundation in the value system. Indian Management Thoughts and Practices / IMTP demonstrates how one can excel in personal, family and professional life.
- Multiplicity and variety – yet has commonness
- Focus on the ultimate principle or intelligence to whom or which man seeks recourse.
- Personality development through yoga – the 3 paths/marga – bhakti, karma and jnana.
- 3 gunas – sattva, rajas and tamas.
- Individual – a being with infinite capabilities and potentials – is a result of your own actions.
- Koshas – the concept of man
- Meditation – the technique for development of self
- Leadership – qualities of leaders with special reference to Indian thoughts.
- Motivation – Indian approach vis-à-vis American and Japanese approaches.
Society and Social Groups:
- Society – combination of individuals of diversity
- Values that reflect on social practices and customs
- Impact on individual and collective behaviors
- Uses of coercion to enforce compliance
- Societal values.
- Significance of festivals
- Harmony with nature
- Indian concept of learning
- Gurukul system of learning
- The core teaching of all founder of religions
- Spirituality vis-à-vis religion
- Concept of Maya – Illusion – Advaita Vedanta
- Meaning, scope and implications at work
- Concept of Dharma – varna ashram dharma, svadharma
- Concept of karma – meaning and importance to managers, corporate karma
- Concept of Vasudhaiva Kutumbakam.
Continuous internal assessment:
- Mid-semester test
- Project work – assignment
The list of Reference books of Indian Management Thoughts and Practices is as follows:
- Management by Values – S.K. Chakraborthy
- Vedanta Treatise – A. Parthasarthy
- Indian Ethos in Management – P.K. Ghosh
- Ethics, Indian Ethos and Management – S. Balachandran and others
- Indian Ethos for Modern Management – G.R. Krishna
- Business Management Redefined – The Gita Way – Swami Someswarananda