Académique Documents
Professionnel Documents
Culture Documents
02 4500 BC-1900 BC Extensive and vigorous trade and commerce. Evidence available with
controversy surrounding dates
07 250 AD-550 AD Gupta dynasty encourages rules and regulations to guide managerial systems,
accounting etc.,
09 1000 AD-1750 AD Islamic influence on the sector ideas of trade and commerce
10 1750 AD-1900 AD British system of corporate organizations introduced.
Purushartha: Goals of life
• According to life sciences every organism goes through physical growth.
• Organism has a life cycle.
• Nature acts as a restraining force for the unrestricted growth.
• Ex: rapid growth of cancer cells, Lion population.
• Hence, nature ensures checks and balances.
• Business world is one segment which is not understanding this law of nature.
• In a race to win competition and become number one, companies will be in a
situation where they have to exploit their respective environment.
• Peter Senge also advised companies to avoid unethical competition.
Contd.,
• According to Hiten, Capitalistic approach will not be able to guide
distributive justice.
• Biblical sins also disapprove these sins.
• However, because of capitalism, there will be a situation where justice
will not reach to people who actually deserve it.
• The negative implications on the society are, competition is created in the
name of gender, class, nativity and everything else.
• According to Indian ethos, wealth generation and distribution should be
guided by 4 goals of life.
• Dharma, Artha, Kama, Moksha.
Purushartha- Goals of Life