Nisigandha Bhuyan, Mitra Som Saha, Ravi Khanna, Raghu Anathanarayanan
{"title":"Consciousness and its relevance in business","authors":"Nisigandha Bhuyan, Mitra Som Saha, Ravi Khanna, Raghu Anathanarayanan","doi":"10.1016/j.iimb.2026.100703","DOIUrl":null,"url":null,"abstract":"<div><div>Human civilisation faces a growing polycrisis marked by social fragmentation, ecological degradation, and value erosion driven by profit-centric business models. Profitability is desirable, so is social, economic, and ecological balance. This paper critiques the narrow focus on economic gain and argues for a more holistic understanding of value that balances economic, social, and ecological responsibilities. Drawing from the ancient Indic knowledge system, it explores spiritual perspectives and consciousness as foundations for ethical human action. The paper proposes that integrating dharma, interconnection, and deeper awareness into business practices can help realign human enterprise with collective well-being and sustainable coexistence with nature.</div></div>","PeriodicalId":46337,"journal":{"name":"IIMB Management Review","volume":"38 3","pages":"Article 100703"},"PeriodicalIF":1.6000,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"IIMB Management Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0970389626000625","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2026/8/8 0:00:00","PubModel":"Epub","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0
Abstract
Human civilisation faces a growing polycrisis marked by social fragmentation, ecological degradation, and value erosion driven by profit-centric business models. Profitability is desirable, so is social, economic, and ecological balance. This paper critiques the narrow focus on economic gain and argues for a more holistic understanding of value that balances economic, social, and ecological responsibilities. Drawing from the ancient Indic knowledge system, it explores spiritual perspectives and consciousness as foundations for ethical human action. The paper proposes that integrating dharma, interconnection, and deeper awareness into business practices can help realign human enterprise with collective well-being and sustainable coexistence with nature.
期刊介绍:
IIMB Management Review (IMR) is a quarterly journal brought out by the Indian Institute of Management Bangalore. Addressed to management practitioners, researchers and academics, IMR aims to engage rigorously with practices, concepts and ideas in the field of management, with an emphasis on providing managerial insights, in a reader friendly format. To this end IMR invites manuscripts that provide novel managerial insights in any of the core business functions. The manuscript should be rigorous, that is, the findings should be supported by either empirical data or a well-justified theoretical model, and well written. While these two requirements are necessary for acceptance, they do not guarantee acceptance. The sole criterion for publication is contribution to the extant management literature.Although all manuscripts are welcome, our special emphasis is on papers that focus on emerging economies throughout the world. Such papers may either improve our understanding of markets in such economies through novel analyses or build models by taking into account the special characteristics of such economies to provide guidance to managers.