Towards the Theory of an Entrepreneurial Firm from the Lens of the Bhagavad Gita. (January 2023)

• Record Type: Journal Article
• Authors: Sinha, Rai Siddhant; Srivastava, Sweety
• Is Part Of: Journal of human values. Volume 29:Number 1(2023)
• Page Start: 75
• Page End: 84
• Publication Date: 2023-01
• Subjects: Theory of an entrepreneurial firm -- Bhagavad Gita -- leadership -- governance -- motivation; Management -- Moral and ethical aspects -- Periodicals; Social values -- Periodicals; Business ethics -- Periodicals; 303.4
• DOI: 10.1177/09716858221134430
• Languages: English
• ISSNs: 0971-6858

Abstract

Management research has attracted a plethora of research intending to optimize performance within and outside firms. We have seen plenty of progress in various dimensions; however, we also notice domains where the struggle still exists. This work tries to develop a theory of a hypothetical firm that goes beyond the current theories and takes inspiration from the texts of the Bhagavad Gita. We look at the theory of a hypothetical firm through the lens of the Bhagavad Gita. Precisely, this work theorizes about the three aspects of a firm: leadership, governance and motivation. Governance provides a structure to business management; leaderships play a pivotal role in converting inputs to desired outputs; and motivation acts as a catalyst in any process that builds and runs the firm. Moreover, this work integrates the understanding of certain shlokas of the Bhagavad Gita for theorizing.