It would seem logical that in a perfect world, a corporation’s espoused values would match its enacted values, This match of two sets of values is also known as ‘value congruence’, a situation where the organizational values are in tune with the employees’ values. However, there are many ways by which an organization can create a tension between its espoused and practiced values. The two main reasons relate to how it conducts its business and how it treats its employees. It was observed from the Espoused Value Analysis survey that only 40 per cent of the respondents perceive the employees in their organization are aware of the vision, mission and values. The findings also suggest that when behavioural integrity is boosted, then commitment to the espoused values of the organization is enhanced. Hence, it is inferred that there is significant gap between espoused and enacted values within the sample organizations chosen for the study. Despite this lack of awareness in values, 61 per cent of the employees felt their organization does not adopt unethical means to achieve business goals. The value congruence depends on how an organization deploys its value system, practices behavioural integrity and closes the perceived gaps.
Modern day Organizations has shifted its focus from tangible assets to Intangible assets like human resource and Leadership. Organizations are in a lookout for a leadership that gives the organization faith in its vision and an intelligent leadership that transcends the turbulence of the passing time and moves ahead from an exclusively profit oriented to a multi centric approach of profits, people, and planet. The objective of the study is to understand the concept of transcendental leadership highlighted in the Bhagavad Gita. This paper is based on an exhaustive hermeneutic study of the interpretation of transcendental leadership from Bhagavad-Gita, an enviable product of ancient Indian classical literature written in Sanskrit. The topic is highly in demand and discussed across the C-Suite circles worldwide.
Corporations are legal entities operating within the boundaries of society. They have social responsibility both for business and moral reasons. The responsibility encompasses economic, legal, ethical and philanthropic aspects and in the context of deterritorialised global business environment, the responsibility assumes wider ramifications especially in the context of diminishing role of governments and ascending role of corporations. Corporate Social Responsibility (CSR) is now an offshoot of the realization that corporation is answerable for the consequences of its operations. Ethical way of doing business for social and economic sustainability is inherent in the thinking of seers of ancient India who proclaimed for universal peace and happiness. The essence of CSR can be traced to Rig Veda which pronounced that a person who enjoys himself being totally oblivious of society is taken over by sin. The sense of charity, sacrifice, dharmic way of doing business and the ideas of live and let live permeate throughout the literature of ancient India. The search for spiritual routes strengthens the convictions towards CSR and for preserving the planet for future generations. An attempt is made in this article to discuss the nature of CSR in the global perspective and try to search for the roots in the cultural milieu of ancient India and trying to integrate the ancient Indian spiritual thoughts for the modern arguments favoring corporate responsibility. The intention here is to strengthen the theoretical thought structure with spiritual inputs for better appreciation and promotion of CSR. The aim of the article is to get insights in to ancient wisdom for connecting spiritual linkage to the theoretical edifice of the CSR and hence the methodology is exploratory in nature aiming to understand the concepts in a better way.
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