Spirituality in Management Insights from India

With spirituality being brought to the fore of management and organisation studies, this timely collection takes a closer look at the relationship between religion and work in India. Bringing together experts from various backgrounds, this book provides a

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In association with Indian Academy of Management

Spirituality in Management Insights from India

Edited by  Sushanta Kumar Mishra · Arup Varma

Palgrave Studies in Indian Management

Series Editors Pawan Budhwar Aston Business School Aston University Birmingham, UK Arup Varma Quinlan School of Business Loyola University Chicago Chicago, IL, USA

Palgrave Studies in Indian Management In Association with the Indian Academy of Management Series Editors: Pawan Budhwar, Aston University, UK, and Arup Varma, Loyola University, US The Palgrave Studies in Indian Management series, in association with the Indian Academy of Management, publishes books which are designed to inform and inspire academics, practitioners, and anyone else with an interest in understanding the issues involved in management of organizations in India. Since the economic reforms began in the early 1990’s, the Indian economy has been growing at a steady pace, and the country has rightfully assumed its place among the leading economies of the world. Indian organizations are increasingly going global and setting up operations and/or acquiring organizations in different parts of the world. At the same time, multinationals from around the world have made a beeline to India to capitalize on the huge market, as well as to draw upon the highly qualified workforce. Of course, the world’s largest and most diverse democracy faces numerous challenges – from infrastructure needs, to dismantling bureaucracy, and creating systems and processes that are more investor-friendly. In 2014, the Indian electorate picked a new government with overwhelming majority, and charged it with helping the Indian economy grow faster, so that the benefits may reach a wider section of the population. The new government has been busy creating policies that are designed to foster innovation, entrepreneurship, and business leadership. Indeed, in the first year since the government assumed office, the inward flow of FDI has increased substantially, and several multinational corporations have announced setting up operations in India, in response to the Prime Minister’s “Make in India” campaign. These are very exciting and volatile times for the Indian economy, and the expectations from the corporate world - both public and private are immense. The focus of this series is on the continuous evolution and growth of the Indian economy and related management issues. Titles include: Naresh Khatri and Abhoy Ojha CRONY CAPITALISM IN INDIA Establishing Robust Counteractive Institutional Frameworks More information about this series at http://www.palgrave.com/gp/series/14620

Sushanta Kumar Mishra  •  Arup Varma Editors

Spirituality in Management Insights from India

Editors Sushanta Kumar Mishra Indian Institute of Management Indore Indore, India

Arup Varma Quinlan School of Business Loyola University Chicago Chicago, IL, USA

ISSN 2662-1126     ISSN 2662-1134 (electronic) Palgrave Studies in Indian Management ISBN 978-3-030-13983-4    ISBN 978-3-030-13984-1 (eBook) https://doi.org/10.1007/97