Page 48 - NITI - Navigating Indian Traditions in Industry

which is essential for strategic thinking. It teaches the importance of gathering and
evaluating evidence, considering multiple perspectives, and using logical reasoning
to navigate complex situations. By systematically analysing information and applying
logic, Nyaya helps strategists develop a clear understanding of the issues at hand,
anticipate potential outcomes, and choose the best course of action. This methodical
approach ensures that decisions are not only rational but also rooted in a deep
comprehension of the facts and context.

3.3 Mimamsa: The Philosophy of Duty, Ethics, and Interpretation

Mimamsa, another significant school of Indian philosophy, focuses on the
interpretation of Vedic texts and the performance of rituals. However, its relevance
extends far beyond religious practice; Mimamsa offers profound insights into the
nature of duty, ethics, and systematic analysis, making it a valuable source of strategic
wisdom.
Mimamsa is primarily concerned with the concept of Dharma, which in its broadest
sense refers to the moral order, duty, and righteous action. Dharma is not a fixed
code but a dynamic principle that requires careful interpretation and application
according to the context. In strategic terms, this translates into the need for ethical
considerations in decision-making, ensuring that strategies align with broader social
and moral values.

One of the core principles of Mimamsa is Apurva, the unseen force that connects
actions with their results. According to Mimamsa, every action has consequences that
are not always immediately apparent, and the moral quality of an action influences its
outcomes. This principle is particularly relevant to strategic thinking, where the long-
term consequences of decisions must be carefully considered. Mimamsa teaches that
strategies should not only aim for immediate success but should also be sustainable
and beneficial in the long run.
The Mimamsa approach to interpretation (hermeneutics) is another area where
it offers valuable strategic insights. Mimamsa scholars developed sophisticated
methods for interpreting Vedic texts, ensuring that the rituals and duties prescribed
were understood and performed correctly. These interpretative techniques can be
applied to modern strategic contexts, where leaders often need to interpret complex
data, laws, or cultural signals to make informed decisions.

3.4 Application of Purana Nyaya and Mimamsa In modern Businesses:

3.4.1 Strategic Lessons from Puranas :
The Puranas, with their rich tapestry of stories and lessons, offer profound strategic
insights that remain relevant in today’s dynamic business landscape. These texts delve
into themes of leadership, resilience, adaptability, and the pursuit of collective good

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