TY  - JOUR
TI  - Reconceptualizing Profit-Orientation in Management: A Karmic View on 'Return on Investment' Calculations
AB  - 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.
DO  - http://dx.doi.org/10.1007/s40926-016-0027-9
SP  - 7
EP  - 20
UR  - http://link.springer.com/content/pdf/10.1007%2Fs40926-016-0027-9.pdf
PY  - 2016-01-01
JO  - Philosophy of Management
AU  - Köllen, Thomas 
ER -