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- Title
Holistic Corporate Management: A Study of New Approach to Management.
- Authors
Lata, Brij
- Abstract
In the changing landscape of business there is a general belief regarding the companies that they should be responsible for its actions; economically, ethically, socially and environmentally. Companies need to be practicing their activities to earn a good image and reputation. The modern managers generally called their good efforts towards the environment, society, ethics and efficiency as best practices. This in turn helps managers to compete in the local as well as global market place. The article aims to introduce the basic concept of Holistic Corporate Management as a new management approach. Where the focus will be how the concept is evolved and relevant to the current corporate management scenario. It also includes ecology, ethics, efficiency and equity as major criteria for any organization for long term sustainability in form of pillars of the holistic corporate management approach. Over the period of time it has been seen that the goals of company basically follows the approach of management and shift in it can be reflected by the management approach to be followed. As organizations takes inputs from various sources for its smooth operations; so it is the prime responsibility of organizations to follow that management approach which takes care of all the sources. However the aim of the companies is to beat the competition and earn the maximum profits in the form of revenues to get long term place in the market but in this competition sometimes they forgets that they are not only business entities but also social institutions. In that case their activities should be focused to the welfare for the entire stakeholder which may be directly or indirectly associated to the business organization. Now a day's being only profitable organization in present cannot be the guarantee of sustainability in future; for that they need to work holistically.
- Subjects
INDUSTRIAL management; EXPORT marketing; SUSTAINABILITY; STAKEHOLDERS; ETHICS
- Publication
3D: IBA Journal of Management & Leadership, 2018, Vol 10, Issue 1, p107
- ISSN
2230-7524
- Publication type
Article