Dr S A Dave (Chairman CMIE, Ex Chairman -UTI and SEBI), Shri T R Bajalia Executive Director IDBI, Mr. Mahesh Bhatt (renowned film director, writer & producer of Indian motion picture), Sri Sri Shuddhaanandaa Brahmachari (world renowned spiritual guru), Dr. Henry Tisdale, President – Claflin University, US, Dr. M.J. Xavier, Director – IIM Ranchi to address the International Conference  
 
 


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”.