TOWARDS AN INDIAN MANAGEMENT STYLE
 

Management is a culturally determined discipline exhibiting flavors peculiar to the genius of the people in spite of its universal scientific structure; we have American Management, European Management and Japanese Management etc; the overall concern of management is creating value for stakeholders’ all sorts of investment and for them customer is the king. There has to be an investment-capital friendly entrepreneurial environment. India is poised on the high road to economic boom; it has to learn to integrate the modern management values and practices with its age old integral world views and human objectives. Environment, family, spirituality, ethics and social justice are important survival values that humanity across pursues and management science cannot and should not ignore these values in its wealth creating activities. The corrupt practices, poverty and all other inefficiencies and challenges of global standards require bringing drastic change but are definitely not an easy task and this is what is meant by the phrase 'Towards an Indian Management Style”.

 

More than an Indian Management Style, it's the Indian Managers themselves who are better-qualified and better equipped to run organizations creatively, efficiently and strategically in a difficult environment. There is pragmatism, flexibility, ability to work in a difficult operating environment, knowledge of English and democratic values, ability to work in mixed environment and these are the important facets in the Indian Way of Management.

 

We can also increasingly see the emergence of entrepreneurialism; management graduates with qualitative innovative experience leave their jobs and start their own ventures which have led to broad-base economic growth in India beyond the traditional promoter business families. These are changes that we are currently seeing taking place in India. Whether we have something that is definably "Indian" in our Management Style will require further exploration, research and articulation but the thought process in this direction has certainly started across the boundaries for the world to realize.

 

Indian ethos has given an "ocean of management mantras": a legacy and heritage from its past, which has envisaged a management pattern. Many Indian Scholars do the propagation of this pattern i.e. Indian Management Wisdom, but there are few who stand apart. This work tries to bring out the LCM-SEED (Leadership, Communication, Motivation, Self-Management, Empowerment, Ethics & Ethos, and Decision-Making) mantras given by two most important globally renowned Indian Scholars, namely, Dr. S.K. Chakraborty and Dr. Subhash Sharma.