Application of Ancient Indian Sutras in Modern Management Framework: Towards a Sustainable Paradigm

Management has certainly drawn a lot through interdisciplinary researches from the various fields of social and natural sciences, but ethical leadership still remains low in the priority list. When an organization or an institution fails, something is wrong with the management paradigm of that institution. The methodology used for this purpose is called hermeneutics; which is a study, understanding and interpretation of ancient text. It is one of the qualitative research methodology used in social science. The paper attempts to look at the importance of conscious and transformational leadership practices from Kautilya’s Arthashastra by establishing a relationship between four key interwoven elements of a sustainable management paradigm. It also attempts to demonstrate how management can be scaled up from an individual/institutional level to the global level particularly with reference to the establishment of a uniform economic order through spiritual congruence.