Thirst for A New Management Theory
Subscribe/Renew Journal
Purpose: This paper evaluates some recent articles concerning the management theory. The paper stresses upon the need for reformation of management theories.
Design/Methodology/Approach: The paper is presented mainly as a viewpoint based on some recent pieces of literature and original arguments.
Findings: The paper observes that business is a part of the larger existential order and needs to play a role in helping humans meet their goals of continuous happiness and prosperity. There is need for a new business theory that contextualizes the human face of business and emerges as a humane model of business.
Originality/ Value: The paper brings together various pieces of literature from inter-disciplinary fields and puts them together in the context of management theory.
Keywords
- Aristotle, Ross, W.D. & Urmson, J.O., 1980. The Nicomachean Ethics, Oxford: Oxford University Press.
- Bansal, I. & Bajpai, N., 2011. Gandhian values: Guidelines for managing organizations. Journal of Human Values, 17(2), pp.145–160.
- Decker, R. et al., 2014. The Role of Entrepreneurship in US Job Creation and Economic Dynamism. Journal of Economic Perspectives, 28(3), pp.3–24.
- Edmunds, J.C., 1996. Securities: The New World Wealth Machine. Foreign Policy, 104(Fall), pp.118–133.
- Fitzgerald, N. & Cormack, M., 2006. The role of business in society: An agenda for action, New York.
- Friedman, T., 2005. The world is flat: A brief history of the twenty-first century. New York: Farrar, Straus and Giroux, p.660.
- Gaur, R.R., Sangal, R. & Bagaria, G.P., 2009. Human Values and Professional Ethics First edit., New Delhi: Excel Books.
- His Holiness the Dalai Lama, 2012. A human approach to world peace. Journal of Human Values, 18(2), pp.91–100.
- Holland, K., 2009. Is it time to retrain b-schools. New York Times, (March 14).
- Korten, D.C., 2009. Agenda for a New Economy: From Phantom Wealth to Real Wealth First., San Francisco: Berrett-Koehler Publishers.
- Kumarappa, J.C., 1951. Gandhian economic thought, Varanasi: Sarva Seva Sangh Prakashan.
- Nagraj, A., 2009. Āvartansheel Arthshastra Second., Amarkantak: Jeevan Vidya Prakashan.
- Nagraj, A., 2008. Jeevan Vidya – An Introduction R. Gupta, ed., Amarkantak: Jeevan Vidya Prakashan.
- Phillips, K., 2008. Bad Money First., New York: Penguin Books.
- Pirson, M., 2010. What is business organizing for? The role of business in society over time,
- Prahalad, C.K. & Hammond, A., 2002. Serving the world ’s poor, profitably. Harvard Business Review, 80(9), pp.48–59.
- Sandel, M.J., 2012. What money can’t buy, London: Penguin Books.
- Sandel, M.J. & Hoffmann, S., 2005. Markets, morals, and civic life. Bulletin of the American Academy of Arts and Sciences, (Summer), pp.6–11.
- Sharma, G.D., Uppal, R.S. & Mahendru, M., 2016. Technical education as a tool for ensuring sustainable development: A case of India. In International Conference on Sustainability, Technology and Education 2016. Melbourne, pp. 229–236.
- Smith, R.D., 2010. The role of greed in the ongoing global financial crisis. Journal of Human Values, 16(2), pp.187–194.
- The Economist, 2016a. League of nationalists. The Economist.
- The Economist, 2016b. Management theory is becoming a compendium of dead ideas. The Economist.
- The Mint, 2016. Like Ola, startups are shutting down acquired firms. The Mint, (18 August).
- Yunus, M., Moingeon, B. & Lehmann-Ortega, L., 2010. Building social business models: Lessons from the Grameen experience. Long Range Planning, 43, pp.308–325.
Abstract Views: 233
PDF Views: 0