Paper Details

The Decision-making models emanating from ancient philosophies of India offers highly valuable understanding of ethics, strategic thinking, logic and self-awareness. All Indian classical texts such as Bhagvat Geeta, Nyaya Sutras, Arthashastra and Upanishads, have these concepts deeply embedded in them. This conceptual understanding provides a structured framework in today’s dynamic world, where leadership, governance and management is utmost important. Ethical leadership is emphasized in the Dharma Model. Strategic Thinking is advocated in the Arthashastra Model, in the meantime Nyaya Model focuses on critical thinking and decision making. Yoga and Sankhya Model sheds light on self-awareness and alsoserves as a guide to detachment from worldly wants. Mimamsa model serves to enhance rule-based governance and Vedantic model serves as a tool to promote holistic, value-based leadership. Contemporary decision-makers can enhance clarity in ethics, improve their strategic foresight and place themselves as mindful leaders by integrating these diverse perspectives in their business. This paper explores these multivariate philosophical models available in the classical text of India and highlights their importance in developing and implementing relevant business strategies, public policies and self-development. it will also explore case studies, where ancient philosophies of India have been used constantly by business. Thus, this study will act as a guide to businesses, constantly wanting to implement strategic, sustainable and ethical solutions in their day-to-day working.

decision-making, Indian philosophy, Dharma, Arthashastra, Nyaya, Vedanta, leadership, ethics