Köllen, Thomas. 2016. Reconceptualizing Profit-Orientation in Management: A Karmic View on 'Return on Investment' Calculations. Philosophy of Management 15 (1): S. 7-20.
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Abstract
From the perspective of the present day, Puritan-inspired capitalism seems to have succeeded globally, including in India. Connected to this, short-term profit-orientation in management seems to constrain the scope of different management approaches in a tight ideological corset. This article discusses the possibility of replacing this Puritan doctrine with the crucial elements of Indian philosophy: Karma and samsara. In doing so, the possibility of revising the guiding principles in capitalist management becomes conceivable, namely the monetary focus of profit-orientation and its short-term orientation. This perspective allows a detachment of the concept of profit from the realm of money, as the seemingly only objectifiable measure of profit. Furthermore it allows a removal of the expectation that every investment has to directly pay off. A karmic view offers management a possible facility for being more caring about the needs and fates of other stakeholders, as profit-orientation would no longer be attached as a factual constraint to merely accumulate money.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Philosophy of Management |
Language | English |
Title | Reconceptualizing Profit-Orientation in Management: A Karmic View on 'Return on Investment' Calculations |
Volume | 15 |
Number | 1 |
Year | 2016 |
Page from | 7 |
Page to | 20 |
Reviewed? | Y |
URL | http://link.springer.com/content/pdf/10.1007%2Fs40926-016-0027-9.pdf |
DOI | http://dx.doi.org/10.1007/s40926-016-0027-9 |
Associations
- People
- Köllen, Thomas (Former researcher)
- Organization
- Institute for Gender and Diversity in Organizations IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5352 Human resource management, personnel management (Details)
- 5361 Financial management (Details)
- 5368 Sustainable development, sustainable economics (Details)
- 5411 Social philosophy (Details)
- 5415 Economic sociology (Details)
- 5434 Sociology of religion (Details)
- 6109 Philosophical sociology (Details)
- 6115 Philosophy of religion (Details)
- 6123 Business ethics (Details)