The Bhagavad-Gita is a Good Guide to Responsible Business Practices

Abstract

This paper explores the imperative of responsible business practices in the contemporary corporate landscape, emphasizing the need for ethical, equity, social, and environmental considerations beyond profit motives. Drawing inspiration from ancient texts like the Bhagavad-Gita, the paper elucidates timeless principles of duty, righteousness, and ethical governance that resonate with modern businesses. This paper also includes a literature review synthesizing the key insights from published papers and books examining the intersection of the Bhagavad-Gita with responsible business practices. Through an examination of key principles such as ethical governance, stakeholder engagement, and social responsibility, this paper highlights the relevance of the Bhagavad-Gita's teachings in fostering trust, building strong relationships, and contributing to societal well-being. It concludes by asserting that embracing responsibility is not only a moral imperative but also a strategic necessity for businesses to thrive in a globalized world, echoing the eternal wisdom of righteous action imparted in the Bhagavad-Gita. In the conclusion we have professed a novel theory on responsible business practices inspired by the Bhagavad-Gita. This theory emphasizes on a Dharma-centric approach, where businesses align their actions with duty and higher purpose.