Page 25 - NITI - Navigating Indian Traditions in Industry

emphasizes empowerment, collaboration, and leadership development to enhance
productivity and job satisfaction.
Linkage to Vedic Wisdom: The Atharvaveda speaks about the interconnectedness of
individuals within a community, emphasizing that individual prosperity is intrinsically
linked to the prosperity of the community. This idea resonates with modern HRM,
which views employee well-being as integral to the organization’s overall success.

Kautilya’s Arthashastra further highlights the importance of understanding human
behavior and managing resources effectively to ensure a prosperous and stable
organization. The Vedic principles of Kootaneeti (strategic management) provide
valuable insights into managing human talent, akin to modern HR practices that focus
on developing and nurturing talent for organizational success.

1.3.5. Change Management and Adaptability
Modern Management Principle: Change Management is crucial for navigating
today’s fast-evolving business environment. Kotter’s 8-Step Change Model (1996)
and Lewin’s Change Management Model (1947) emphasize structured processes for
implementing change. In a world marked by technological, economic, and social
disruptions, organizations must adapt quickly to survive and thrive.

Linkage to Vedic Wisdom: The Upanishads emphasize the cyclical nature of life,
where change is an inevitable part of existence. The Bhagavad Gita teaches Samatva
(equanimity)—maintaining a calm, balanced mind in the face of change. This
resonates with the modern need for resilience and adaptability.
The Atharvaveda provides teachings on aligning business strategies with the natural
rhythms of the environment. Just as the Vedic Rishis adapted to changing seasons and
times, businesses today must view change as an opportunity for growth, innovation,
and long-term success.

1.3.6. Innovation and Creativity
Modern Management Principle: Innovation is viewed as a key driver of competitive
advantage. Peter Drucker (1985) defined innovation as creating new value and
emphasized it as essential for survival. Modern organizations foster a culture of
creativity, open-mindedness, and continuous improvement to stay ahead of the
competition.

Linkage to Vedic Wisdom: The Vedic tradition places great value on knowledge
and creativity. The Atharvaveda stresses intellectual exploration and the pursuit of
higher knowledge. The Vedic Rishis contributed significantly to early forms of science,
mathematics, and management, highlighting their commitment to creativity and
innovation.

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