International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064




Downloads: 127

Research Paper | Management | India | Volume 3 Issue 11, November 2014


Rediscovering Six Factor Entrepreneurial Decision Making (EDM) Model in Thirukkural

Dr. Alka Jain


Abstract: Management is a combination of elements from science, arts, psychology, statistics, mathematics, philosophy, ethics and sociology etc. A balanced combination of elements from all these sciences and arts is helpful in contributing to the economy in terms of efficiency of our economic system. In ancient India, management was never based on materialism, instead morality and spirituality used to be the basis of managing businesses. In modern India, we see four pillars of knowledge: Ravindra Nath Tagore, Maharishi Arvindo, Swami Vivekanand and Mahatma Gandhi. Undoubtedly they have tried to explore ancient heritage like Vedanta, Gita, Upanishads etc. but Jain literature has been ignored while exploring our ancient heritage of management techniques and models. This paper attempts to establish the relevance of the teachings of Thirukkural in modern management practices. Specific focus is on six factor model for a new business venture available in Thirukkural. We will try to understand the relevance of six factor model in entrepreneurial and organizational decision making. There is further scope of looking forward to integrating some elements into the existing framework to create a more sustainable management theory. According to Robbins, Examples from the past demonstrate that organizations have been with us for thousands of years and that management has been practiced for an equivalent period. However, it has been only in the past several hundred years, particularly in the last century that management has undergone systematic investigation, acquired a common body of knowledge, and become a formal discipline for study. It seems that such statements have been made before looking into great treasures of management in ancient Indian literature like Thirukkural, Gita etc. otherwise the scholars would have found the roots of business management in ancient Indian literature undoubtedly timing a few thousands years before this statement.


Keywords: Management, modern management, ancient management, management practices, management principles, Entrepreneurship, Entrepreneurial decision making, Thirukkural, New business venture, Entrepreneurship, decision making, Jain literature


Edition: Volume 3 Issue 11, November 2014,


Pages: 2498 - 2504


How to Cite this Article?

Dr. Alka Jain, "Rediscovering Six Factor Entrepreneurial Decision Making (EDM) Model in Thirukkural", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=12111401, Volume 3 Issue 11, November 2014, 2498 - 2504

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Management'

Downloads: 153

Research Paper, Management, Sierra Leone, Volume 9 Issue 2, February 2020

Pages: 973 - 978

The Essence of Risk Identification in Project Risk Management: An Overview

Crispin George

Share this Article

Downloads: 149

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Similar Articles with Keyword 'management practices'

Downloads: 114

Case Studies, Management, India, Volume 3 Issue 12, December 2014

Pages: 1950 - 1953

A Case Study of Efficiency Analysis on Power Grid Corporation of India Ltd

Dr. Surbhi Gupta, Mohit Gupta

Share this Article

Downloads: 3

Research Paper, Management, Lebanon, Volume 10 Issue 9, September 2021

Pages: 172 - 178

The Effectiveness of HRM Crisis Management Practices in Enhancing the Performance of Employees and Organizations in Lebanon

Dana Hankir

Share this Article

Similar Articles with Keyword 'management principles'

Downloads: 115

Informative Article, Management, India, Volume 4 Issue 1, January 2015

Pages: 2674 - 2695

Securing the Future: A Systems Approach to Continuous Improvement in Health Care by Applying the Theory of Constraints

Tabish S. A., Nabil Syed

Share this Article

Downloads: 223

Research Paper, Management, Sierra Leone, Volume 9 Issue 3, March 2020

Pages: 189 - 194

Unravelling the Critical Role of Project Manager in Project Management Success

Crispin George

Share this Article

Similar Articles with Keyword 'Entrepreneurship'

Downloads: 2

Informative Article, Management, India, Volume 10 Issue 10, October 2021

Pages: 320 - 322

A Study About the Work - Life Balance of Women Employees

Pavithra G

Share this Article

Downloads: 2

Research Paper, Management, Afghanistan, Volume 10 Issue 11, November 2021

Pages: 375 - 381

The Effect of Work Experience on Entrepreneurship and Innovation: The Case of Study (Private Universities of Herat Province in Afghanistan)

Faisal Sarwariaan, Cihan Tinaztepe

Share this Article

Similar Articles with Keyword 'decision making'

Downloads: 43

Research Paper, Management, Morocco, Volume 3 Issue 9, September 2014

Pages: 2446 - 2449

Role of Marketing Information Systems in Supporting Decisions of Business Managers: Verification Test on the Case of Agribusiness in Agadir City, Morocco

M'barka BOUHOUILI; Ali RACHIDI; Mostapha AMRI

Share this Article

Downloads: 45

Masters Thesis, Management, Kenya, Volume 10 Issue 3, March 2021

Pages: 887 - 891

Influence of Strategic Planning on Implementation of Organization Structure at Safaricom Public Limited Company

Doris Edna Karimi, Dr. Jane Queen Omwenga

Share this Article

Similar Articles with Keyword 'Jain literature'

Downloads: 106

Research Paper, Management, India, Volume 4 Issue 11, November 2015

Pages: 1531 - 1534

Strategic Approach to Goal Achievement in Ancient Jain Literature: Rediscovered in Sthananga Sutra

Dr. Alka Jain

Share this Article

Downloads: 118

Research Paper, Management, India, Volume 4 Issue 1, January 2015

Pages: 2484 - 2488

Human Resource Approach to Management in Jain Literature: A Correlation Between McGrgor and Uttaradhyayan Sutra Approach to Goal Achievement

Dr. Alka Jain

Share this Article
Top