Indian Management in a New Era: Towards New Mantras in Management and Leadership

Abstract

Evolution of Management Thought over last hundred years can be broadly classified in terms of four distinct eras viz. ‘Scientific’ Management era (with its beginning around 1900), Human side era (with its beginning around 1960s) and the New Mantras era (with its beginning around 2000) wherein Human and Spiritual Values are finding an echo in Management Thought and now we are entering in to Holistic era. During the ‘Scientific Management’ era, Management Thought was deeply influenced by the disciplines of Engineering and Economics. During the Human side era, management theory and practice was deeply influenced by the discipline of Psychology and related disciplines. With the acceptance of Yoga and Meditation as stress management tools for Corporate Managers, the discipline of Spirituality/Inner sciences started influencing the Management Thought in general leading to many New Mantras in Management and Leadership thus paving the way for arrival of Holistic era wherein management thought is rooted in Holistic approach to management and leadership.

Keywords: Indian Culture, Indian Ethos, Indian Management, Cultural Analysis