Köllen, Thomas. 2016. Reconceptualizing Profit-Orientation in Management: A Karmic View on 'Return on Investment' Calculations. Philosophy of Management 15 (1): S. 7-20.

RIS

@ARTICLE{Köllen2016,
title = {Reconceptualizing Profit-Orientation in Management: A Karmic View on 'Return on Investment' Calculations},
author = {Thomas Köllen},
year = {2016},
doi = {http://dx.doi.org/10.1007/s40926-016-0027-9},
url = {http://link.springer.com/content/pdf/10.1007%2Fs40926-016-0027-9.pdf},
volume = {15},
number = {1},
language = {EN},
pages = {7-20},
journal = {Philosophy of Management},
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.},
}