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Management Lessons fron Bhagavat Gita

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Bhagvad Gita & Management
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Management Lessons fron Bhagavat Gita

  1. 1. Management Lessons from Bhagavat Gita Submitted by: Shivram G Krishnan 163040052 Jothish R 163040035 Rifan C 163040040 Guided by Prof. Ratikanta Panda 07-04-2017 Management Lessons from Bhagavat Gita 1
  2. 2. Introduction: • the average life expectancy of Fortune 500 companies was 40-50 years. • One-third of companies listed in Fortune 500 in 1970 vanished by 1983 • 40% of new companies lasted less than 10 years • Modern companies showing high infant mortality rate 07-04-2017 Management Lessons from Bhagavat Gita 2
  3. 3. Introduction: Why is this happening ? • Stress • struggle for power and control • cynicism • work environment that suffocates human imagination 07-04-2017 Management Lessons from Bhagavat Gita 3
  4. 4. The critical question to all Managers how to be effective in the job?? Gita Answers: "you must try to manage yourself." 07-04-2017 Management Lessons from Bhagavat Gita 4
  5. 5. चञ्चलं हि मन: कृ ष्ण प्रमाथि बलवद्दृढम् | तस्यािं ननग्रिं मन्ये वायोरिव सुदुष्किम् || 34|| "Mind is very restless, forceful and strong, O Krishna, it is more difficult to control the mind than to control the wind ..." ......Arjuna to Sri Krishna (chapter 6, verse 34) 07-04-2017 Management Lessons from Bhagavat Gita 5
  6. 6. Why Lessons from Bhagavat Gita ? Gita offers a framework for stimulating high levels of motivation 07-04-2017 Management Lessons from Bhagavat Gita 6
  7. 7. Alternative Paradigms from Gita • Notion of time • Performance Metrics and Assessment • Work and Efficiency • Leadership 07-04-2017 Management Lessons from Bhagavat Gita 7
  8. 8. Notion of time- Short termism • quarter-on-quarter guidance • project a positive outcome quarter after quarter • create stress, and a short term oriented approach • Outcome –Negative results in the long run 07-04-2017 Management Lessons from Bhagavat Gita 8
  9. 9. Notion of time • “ time is essentially long term” – First lesson to Arjuna • feel less pressurized of performance targets in the short run • create a balance between short term and long term • People come and go but good principles and ideas must remain and drive choices in organizations 07-04-2017 Management Lessons from Bhagavat Gita 9
  10. 10. Performance Metrics and Assessment • Biggest constraint for modern management is the mind set towards performance metrics and assessment • Modern management practices approach this issue in the context of a world of duality. • Actions and outcomes are classified dually Good Vs Bad, Desirable Vs Undesirable, 07-04-2017 Management Lessons from Bhagavat Gita 10
  11. 11. Performance Metrics and Assessment • It works at two stages. • First stage- the dual perspectives are first established Expectations are for Positive aspects • Second stage - develop a false notion that only good things are going to happen 07-04-2017 Management Lessons from Bhagavat Gita 11
  12. 12. • In modern management - it is a bad thing to expect negative outcomes. • Consequently NO skills to expect negative outcomes • Understand why these happen and evolve no methods to face these. • This is clearly unrealistic. • In the absence of these, managers develop needless tension, • Stress in their work place, • Deal with their sub-ordinates in non-managerial and at times unprofessional ways • Even carry these negative emotions and stress back home and spoil their family life as well. 07-04-2017 Management Lessons from Bhagavat Gita 12
  13. 13. Gita Suggests • To rise above the plane of duality. • Sri Krishna urges Arjuna to learn to tolerate the ups and downs that characterized the world of duality. • Developing a sense of equanimity (calmness) • Quality of leadership will dramatically improve and so will the quality of management. 07-04-2017 Management Lessons from Bhagavat Gita 13
  14. 14. what is EFFECTIVENESS ? & what is EFFICIENCY ? 07-04-2017 Management Lessons from Bhagavat Gita 14
  15. 15. Work and efficiency Important distinction between effectiveness and efficiency in managing. • Effectiveness is doing the right things. • Efficiency is doing things right. 07-04-2017 Management Lessons from Bhagavat Gita 15
  16. 16. Work and efficiency Management Lessons from Bhagavat Gita07-04-2017 16 Work as Defined by Gita (chapter 2): 1. The Doer has the Right to Work 2. The Doer has no control on outcome 3. The Doer has no control on the root causes of the fruits of Actions 4. There is No choice to revel in Inaction Source: B Mahadevan, Professor, Indian Institute of Management, Bangalore
  17. 17. • On seeing the first three components, may choose not to engage in work. • Managers will revolt at the idea of doing work but having no control on outcomes • But during our life time several occasions we practiced this virtue • Good work - 'I was lost in the work'? • we ceased to look for outcomes and enjoyed moment 07-04-2017 Management Lessons from Bhagavat Gita 17
  18. 18. Reasons to consider practicing this idea: • Result orientation breeds - a sense of fear and discomfort – failure • A desire to have control on fruits of action will invariably force us to focus on ends instead of means. • Process orientation will give way for result orientation. 07-04-2017 Management Lessons from Bhagavat Gita 18
  19. 19. • Results and outcomes is the matter of future & • work is the matter of present. • Therefore with excessive result orientation one tends to escape the dynamics of 'present' and go after ‘future'. 07-04-2017 Management Lessons from Bhagavat Gita 19
  20. 20. Leadership Management Lessons from Bhagavat Gita07-04-2017 20 • Powerful enabler that can leverage an organization to great heights • One of the major issues concerning Business Organisations, Government and Society • There is continuous interest in organizations to understand how great leaders are identified, created and nurtured • Modern research has proposed several theories on this. Source: B Mahadevan, Professor, Indian Institute of Management, Bangalore
  21. 21. Leadership- Current styles • Market contract • Leaders believe that they have the freedom to take decisions the way they think is right and have the authority to execute things accordingly • Leaders having position, power and endowment of resources at their disposal • Leader feels he/she can deliver the intended results. • Not very promising in bringing the best performance in an organization 07-04-2017 Management Lessons from Bhagavat Gita 21
  22. 22. Leadership- Current styles • Psychological contract • Leaders believe that the unique position that they have obtained and the endowment of resources at their command provides them a great opportunity to enable others do their best. • Nourishing leadership talent around by creating space and agenda for others. • People respond to the call of duty and work beyond the norms 07-04-2017 Management Lessons from Bhagavat Gita 22
  23. 23. Leadership Lessons from Gita • Lord Krishna emphasizes to Arjuna in the issue of leadership • Leading by example • Developing a sense of equanimity • Principle of Mutual Dependence 07-04-2017 Management Lessons from Bhagavat Gita 23
  24. 24. Leading by example • ‘Do as I say, not as I do ‘ philosophy • Leaders think that they are “above law” 07-04-2017 Management Lessons from Bhagavat Gita 24
  25. 25. Gita suggests • Krishna warns Arjuna that he needs to lead by example • unwavering commitment to walking the talk • leaders hands are tied, they lose the degrees of freedom and the whole world will keenly watch the leaders’ action and blindly follow the leaders 07-04-2017 Management Lessons from Bhagavat Gita 25
  26. 26. Developing a sense of equanimity • Problems • inability to take bad outcomes • Modern leadership theories have not even recognized this issue 07-04-2017 Management Lessons from Bhagavat Gita 26
  27. 27. Gita suggests • According to Lord Krishna, the world is full of dualities • leaders are not able to accept the fact that life has both aspects • master the art of handling the world around us by managing the world within very well 07-04-2017 Management Lessons from Bhagavat Gita 27
  28. 28. Principle of Mutual Dependence • dominance of individuality as a value of life • Joint families to nuclear families • society views individual rights as an important element of growth and progress • The idea that begins as individuality will soon transform into selfishness • the way we approach life will be dominated by “what is in it for me?” 07-04-2017 Management Lessons from Bhagavat Gita 28
  29. 29. Gita Suggests • To achieve ultimate prosperity and success in whatever we do we need to honor the principle of mutual dependence. • The spirit of sharing and unconditional giving (the virtue of Yajna) is the basis on which everything in the world sustains. • Paraspara Bhava, Lord Krishna says, is the one that guarantee us ultimate prosperity (Param Shreyas). 07-04-2017 Management Lessons from Bhagavat Gita 29
  30. 30. Inspirational Leadership: Management Lessons from Bhagavat Gita07-04-2017 30 Leadership is at its best only when its inspirational
  31. 31. Inspirational Leadership: Management Lessons from Bhagavat Gita07-04-2017 31 • Fearlessness
  32. 32. Inspirational Leadership: Management Lessons from Bhagavat Gita07-04-2017 32 • Transformational Leadership
  33. 33. Conclusions: Management Lessons from Bhagavat Gita07-04-2017 33 • “ The best leader is the one who leads like a baby. The baby, though apparently depending on everyone, is the king of the household”_ Swami Vivekanada.
  34. 34. 07-04-2017 Management Lessons from Bhagavat Gita 34

Notes de l'éditeur

  • management is a body
    of knowledge that enables entities to deal with
    a multitude of situations involving people
  • From
  • Cynicism: a belief that people are motivated only by self interest
  • Bhagavat Gita is text for spiritual progress and self realization
    But Gita can also be considered as the World’s First Text on Management
  • Here Arjuna is common man, who has the same doubt as you and me
  • magic transformation that
    Arjuna has gone through from a state of fear,
    mental agony and hair raising experience to one of waging
    a war against a battle of most credible and
    competent leaders in the society and
    eventually winning the war.
  • Comparative analysis between Gita and current management philosophies.
  • Current Management scenario:
    that they inform the market players and their stakeholders what can be expected of them in the next quarter.
    to cut costs & show impressive results, it is customary in several organizations to slash training budgets and expenditure on
    Research and Development
  • Suggession by Gita
    IF we are targeting long term goals
  • all actions and outcomes are first classified using a framework of duality; good Vs bad,
    desirable Vs undesirable,
  • it is a bad thing to expect negative outcomes in this scheme of duality.

    Consequently, they develop no skills to expect negative outcomes

    managers develop needless tension,
    experience stress in their work place, deal with
    their sub-ordinates in non-managerial and at
    times unprofessional ways and even carry
    these negative emotions and stress back home
    and spoil their family life as well.
  • Equanimity=calmness and composure, especially in a difficult situation.

    If managers can develop a sense of equanimity
    as indicated in the Gita, the quality of
    leadership will dramatically improve and so
    will the quality of management.
  • In a market contract people work for the pay and no
    more. They feel that additional work is not worth unless they are compensated more. This model of
    leadership is not very promising in bringing the best performance in an organization.

    In a psychological contract people respond to the call of duty and work beyond the norms if
    situations demand such a response. They own their place of work much more and feel more
    involved in many things in their work place.

  • In several
    chapters in the Gita there are interesting references to the quality of leadership. If we carefully
    analyze them three interesting ideas emerge
  • Consider what Mahatma Gandhi accomplished through his actions: He spent most of his adult life living what he preached to others. He was committed to nonviolent resistance to protest injustice, and people followed in his footsteps. He led them, and India, to independence – because his life proved, by example, that it could be done.
  • A child looks upon the parents, elders and the
    teachers very closely and derives its value systems very early in life.
  • When everything goes well the leadership is fine. However the moment some unexpected things happen (such as losing something significant, defeat of one kind or the other etc.) they just lose their balance.
  • Leaders derive their credibility, respect and power from their unwavering commitment to walking the talk

    One of the biggest problems that leaders face is their inability to take bad outcomes as it unfolds at
    times.
  • Not afraid of anyone and not generating any sense of fear in others
  • shown by Krishna by guiding Arjuna
    ( pic: Ronald Reagan, President of USA)

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