The Moral Backbone of Sustainable Management-A Hermeneutic Analysis of Dharma within the Triple Bottom Line

Abstract

In Indian context there is a grammatical understatement which is conventional too — 'Yato Dharmā Tato Jayaḥ' which translates as 'where there is Dharma there is victory'. This paper aims to find out in what way the old Indian concept of ethical marching called Dharma should enhance the TBL management system used in current organisations. It will do so with reference to the hermeneutic analysis of the principles of Dharma enshrined in Manusmriti and juxtapose it with TBL framework constitutive of social, environmental, and economic capital. The aim is to provide organisational leadership with the practical possibility of how the proclaimed change and improvement can be non-malignant and non-greedy. The theme of the study is to transfer the works and bring readers an understanding possibility of these works by considering the context of the modern enterprise environment. This means that APA can be used in a way to refer to APA as a global set of normative values that improves the impact of the TBL principles so as to enable the formation of the long term form of sustainability by the organizations, which have similar objectives and goals. Last but not the least, this work also propounds a new paradigm of ethical integrated management of organisations, which encompasses the ancient wisdom and the principles of the twenty-first century sustainable business management at economical, environmental and social levels.