Entrepreneurship Development by Indian Knowledge Systems: Lessons from Ancient Wisdom for Modern Startups
Keywords:
Indian Knowledge Systems, Startup Ecosystem, Ethical Corporate Governance, Conscious Capitalism, Sustainable Business ModelsAbstract
The startup world today is about new tech and big changes. It also comes with a lot of uncertainty. Founders get tired feel burned out and have to make choices. These choices can affect what is right and what is wrong. Companies in countries are run with a focus on making money and getting financial results every quarter. This can lead to decisions. Many companies end up going out of business. This study looks at the Indian Knowledge System. It is based on books, like the Upanishads, the Bhagavad Gita and the Artha shastra written by Kautilya. The study checks if this system can give startups a way to do things. This way is fair. Focused on the process not just the end result. The Indian Knowledge System gives importance to fairness and the process. Startups can learn from this system. They can make decisions that're good for everyone not just the end result. The study wants to find out if the Indian Knowledge System can help startups. It wants to see if this system can make startups fairer and more focused on the process. This paper is about understanding some ideas like Purusharthas, Panchakosha, Rajarishi and Nishkama Karma. It wants to show how these ideas can be used to build a business. The main idea is to see if Purusharthas, Panchakosha, Rajarishi and Nishkama Karma can really work in the world we live in today by looking at companies like Zerodha,
· Aravind Eye Care System,
· Tata Group,
· TVS Group.
These companies are studied carefully to check if using Purusharthas, Panchakosha, Rajarishi and Nishkama Karma are a good idea, for business.
The results show that companies that use Indian Knowledge Systems or IKS do a job of working with the people who matter to them like their stakeholders. These companies have employees who can handle times and they make money in a good way for everyone. They do all of this while still being ethical. This paper connects the ideas of philosophy to the way companies do business today. It shows how Indian Knowledge Systems can help companies be ethical and make choices, which is what we call conscious capitalism and ethical corporate governance. Indian Knowledge Systems can help companies make money in a way that's sustainable for Indian Knowledge Systems. Indian Knowledge Systems are good for companies because Indian Knowledge Systems help companies make money and be ethical, at the time.
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References
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