 |


Today the world is facing management crisis globally. After the
recent global economic crisis in 2008, nothing seems to work. There
are constant shake-outs in the financial markets. US-stocks are
plunging day by day with the recent downgrading of their economy.
Some of the prominent names like Lehmann Bros, AIG, etc filed for
bankruptcy. The European countries are no exception. There was a
mass-upsurge in Greece and riots on the streets of Birmingham UK,
all to protest governments direction-less policies which couldn’t
cope up with the rising unemployment. The rising debt situation
is now also eating up the employee welfare funds. For the first
time in the history of world economy, many developed countries have
been compelled to scrap off pension funds. Volatility and instabilities
have now even crept in the currency markets.
Adding to this, for the first time in the history, we are witnessing
so many corporate scams and people who were once revered as business
leaders are now getting cursed. Something is grossly wrong in the
overall global management scenario. There is a huge crisis because
the once established management paradigms are constantly failing.
Even the most innovative models suffer on issues of sustainability.
What we need now is not just innovation but also sustainable business
models standing upon strong ethical management practices and paradigms.
The visible problem is that true Globalization based on unity is
still eluding the world where a sense of connectedness, trust, inter-dependence,
and healthy exchange and sharing of ideas, resources, and knowledge
can take place amongst the citizens of the world. Effort to bring
Globalization on economics driven by developed nations has unfortunately
further driven the world into ‘haves’ and ‘have
nots’ instead of ‘everything for everyone’ bringing
further disparity in the world society. Leadership world over has
failed to provide a global vision and direction due to self-interests
and myopic thinking. Organizations be it International Organizations
like WTO, World Bank, Trading Blocs, Multi National Business Organizations,
and many other public and private organizations have failed in developing
true global agendas for benefit of the world society owing to either
their own hidden agendas or narrow objectives. For them it has been
the case of stagnant perceptions and changing reality. Professionals
in the field like business management, economics, agriculture, science
and medicine are more focused in developing their own field instead
of developing and maintaining inter-disciplinary unified approach
for improvement of human mankind. It is strongly realized now by
the world that leadership, organizations, and various professional
disciplines should have to come out of their self-interests and
bring about the change in the world based on connectedness, love,
trust, and harmony so that peace and prosperity across the world
can be achieved.
Interest in spirituality has grown among scholars, practitioners,
and professionals and has become a subject of serious discussion.
A theme emerging the world over is that of spirituality as a paradigm
to surmount the management crisis faced globally across the leadership,
organizations, and the professional disciplines. Perhaps it is time
to respectfully learn from Spirituality. Through this conference
we attempt to create more sustainable paradigms of management by
respectfully integrating the ideas from spirituality to the existing
management framework. This International conference is being organized
to provide a common platform to discuss, exchange, and present the
ideas, thoughts, and research work on the theme of the Conference
“Spiritual Paradigm for Surmounting Global Management
Crisis”.
|