Deepa Singh
10.36647/TTEIB/04.01.Art002
Abstract : Aims and purpose: Sustainability is becoming a strategic priority for businesses as organisations are facing resource scarcity, climate
change, changing expectations of stakeholders, and social inequality. Indian Knowledge Systems (IKS) can provide an alternative
philosophical foundation that is required for sustainability by emphasising ethical responsibility, moderation, harmony with nature and
social welfare. The studies are going to explore how business leaders are able to apply IKS principles to modern sustainable management.
These will be applied to Artha (responsible prosperity), dharma (ethical duty), lokasangraha (welfare and collective well-being), the
principle of trusteeship and aparigraha (non-excessive consumption).
Methods: The research was guided by an interpretative qualitative research design on the basis of a systematic examination of ten scholarly
publications. Relevance and quality of sources were used to select sources, which were analysed inductively by the use of coding,
comparison and thematic grouping. No primary data in the form of interviews with business leaders or any other data was gathered.
Findings: The study findings are suggestive of the fact that IKS can contribute to sustainability by bringing about a shift in managerial
thinking from short-term profit maximisation to long-term creation of value for society, business and the environment. The findings of the
study have indicated that IKS is very valuable, but it cannot be a replacement for contemporary sustainability work; however, it can be used
as a cultural and ethical complement to these strategies.
Conclusion: IKS has a strong contribution to sustainability by outlining how business leaders can integrate morality into sustainability
practices to complete existing managerial systems rather than replacing them.
Keywords : Artha (responsible prosperity), dharma (ethical duty), Indian Knowledge Systems (IKS), lokasangraha (welfare and collective well-being), principle of trusteeship and aparigraha (non-excessive consumption), Sustainability, Business Leaders.