The Power of Beliefs in Conventional Approach of Management Studies

Nidhi Kaushal () and Sanjit Mishra ()
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Nidhi Kaushal: Eng.at I.I.T. Roorkee, India
Sanjit Mishra: Eng.at I.I.T. Roorkee, India

No 2, Working papers Human Development – A Multidisciplinary Research, November 6-7, 2017 from Research Association for Interdisciplinary Studies

Abstract: Principles have a significant place in the civilization. These standards were deep-rooted in the psychological framework of mind. In India, these ordinary strategies set up by ancient people have been accepted and followed in today’s modern world of competition. We have focused this research paper on the lessons of management from usual customs. We interviewed vegetable vendors to learn management lessons from their life. Data have been taken from the smaller regions. We found that they have conventional values for management of their business. They have a strong vision and set of beliefs, which stand them with profit in terms of values rather than money in the modern competitive world. The hypothesis included that the conventional management followed by common people has its strong place in modern society. We have described the supremacy of traditional management in India and its implication upon the modern management concepts of profit maximization.

Keywords: Belief; Custom; Management; Strategy; Wisdom (search for similar items in EconPapers)
Pages: 8 pages
Date: 2017
New Economics Papers: this item is included in nep-his and nep-hpe
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Published in Conference proceedings Human Development – A Multidisciplinary Research, November 6-7, 2017, pages 24-31

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Persistent link: https://EconPapers.repec.org/RePEc:smo:npaper:002

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