Insights of Morden Management Principles I n Indian Mythology

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Mrs.Komal Mihir Parmar
Sr. Lecturer, Department of Commerce and Management,
D. D. Vispute College of Commerce, Science and Management,
Panvel, Maharashtra(India).
E-mail: prmr.koml@gmail.com

Abstract: 

“Doing the right thing is more important than doing the thing right.”
This quote by Peter Ducker and many other similar nuggets of wisdom are part and parcel of the modern Management Principles. These principles are considered key to the success of business all around the globe. It has almost become a norm that almost all management schools and business organisations accept these theories and preach them to the core. These principles may seem to have an origin in the west until we start drawing comparisons with Indian Mythology. Indian mythological books like Mahabharata, Ramayana, Panchatantra, Bhagwat Geeta, Vedas and Puranas depicts many such management lessons and principles. .This study is an attempt to decipher management principles embedded in Indian mythology, with Mahabharata and Ramayana as the key focus. Mahabharata and Ramayana are considered to be largest and greatest epic in the world. It is believed that if something is not found anywhere else, it can be found in the Mahabharata. Ramayana is not just a story, but also an educational medium used by the ancient sages to espouse the importance of doing one's dharma (duty). Lessons from Ramayana are a part of teaching leadership, management and governance at many prestigious management institutions. Here are a few lessons that can be comprehended from Ramayana and how they can be applied in the corporate world. So, this study focuses on finding some intricate management messages from Indian Mythology that are relevant even today.

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