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India has a proud history of continuous prosperity. India had most powerful economy in the world. Failure in Western Economic, Business and management models. Rise Of India and China in Economic and Business. Many experts admit that the Indian Model Of Management would be better than the western systems. There are attempts to create awareness for developing an Indian System Of Management based on the ethos and spirit of the nation. Western model Of Management is not suitable for Indian Management in various situations.
Introduction
India is the most vibrant and prosperous nation for last two millennia. Indian Economy was most prosperous one for many centuries and had very good management systems. Management Concepts were predominant in the ancient literatures and scriptures. When British applied their system of management, Indian Economy and businesses declined. As a result Concepts and Systems that were developed over many years of experiment got neglected and destroyed. American domination in the global economy lead to popularity of their management systems. But US model of management is not appropriate for all other countries. Increase in MNCs led to spread and influence of US and western management into rest of the parts of the world.
Eastern and Western Model of Management. The Eastern is feminine, intuitive, receptive realization. The Western is masculine, logical, rational aggressiveness Management is culture specific
India trying to emulate the western models, but not able to attain full success. The contemporary functioning economic, business and management systems of India are different from that of West.
Organizational loyalty is considered incorrect by the west. Self Centric Approaches, maximization of profits at all costs, little concern for the larger environment and a narrower view of life.
Indian management models are successfully functioning in India. Management models are native. Personal Management is very important in modern management. Management approach towards employees is friendly and not antagonistic.
In big corporations, there was a tendency to emulate the West, but the attitudes and approaches of those who control are primarily Indian. Modern generations follow Indian ways Indian is culturally tough nation Indianising the practices help in establishing their business and success
Indian cannot realize its material potential by copying the US, Britain or Japan India can been great only by being Indian Neither a person nor a country can achieve greatness through imitation. Greatness can be achieved only through authenticity
Western business and management models are facing serious problems. So there is no use in copying the western models Reformulate our attitude towards the Western approaches, depending on their applicability and usefulness to India For any country the native models are the most suitable ones. They are sustainable
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