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Year 15, Volume IV, Issue 1, Published On Thursday April 29, 2004 (Baishakh 17, 2061 B.S.), New York, USA
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Business: "Buddhism and Business Management"

Maharshi R. Shrestha

In most societies, the so-called leaders are themselves confused, engrossed in hatred, greed or delusion, so they become the blind who lead the blind. In Buddhism it is believed that the presence of one such person is very important, and can have an important influence on society. In Buddhist terminology, the term ‘emptiness of action’ or ‘non action’ is used. To act in a way that arises from non – action is to act in a way that truly influences the situation in a nonviolent way.

In "Small is Beautiful", E. F. Schumacher reminds us that Western economists seek maximization of material gain as if that they hardly care for people. He says that in the Buddhist concept of economic development, we should avoid gigantism, especially of machines, which tend to control rather than to serve human beings. With gigantism, we are driven by an excessive greed in violating and raping nature. If bigness and greed can be avoided, the Middle Path of Buddhist development can be achieved, i.e. both the world of industry and agriculture can be converted into a meaningful habitat.

With the growing complexities of business especially industrial business-the use of meditation techniques has become popular during the last few years. However, they have been used mainly as stress relieving techniques for executives subjected to the tensions of achieving targets. Management of a medium scale industrial business requires organization, quality control, production, purchasing, marketing, fund flow, administration, etc. Each of these operations requires clear thinking, planning, coordination, execution, cost accounting, and profitability projections.

There are presently several colleges which teach this type of management. There are special techniques of management for large organizations with turnovers of one hundred million U.S. dollars and over. Research and development methods are also available for upgrading the technology of these business. Where exactly does meditation come into the picture? To get an answer, we have to look to more industrialized countries such as the United States and Germany. The nature of the societies produced by advanced industrialization has been characterized by heavy alcohol, drug and cigarette consumption, pandemic divorces and broken families; economic recession and job insecurities; and strong feelings of competition and frustration leading to heart attacks, suicide and so on.

People who become business managers come from this fragmented society, Business schools teach them to work for more profits and higher salaries, and the stress involved leads to greater consumption of drugs and alcohol, and various health problems such as hyper-tension. The level of equanimity in such societies deteriorates. The business owners, executives and managers develop feelings of pride, prejudice, jealousy and arrogance and experience their concomitants: depression, anxiety, stress and other harmful effects. The one part of Buddhism is meditation. The Vipassana meditation technique improves the lives of executives and business managers by transforming their attitudes. Prejudice is replaced by compassion; jealousy changes into joy at the success of others; greed and arrogance are replaced by generosity and humility, and so on.

This transformation of attitude results in stress reduction, and mental equanimity and balance. It is a creative force capable of inducing a dynamic work approach in subordinate staff. The positive change is brought about by a change in the attitude and actions of the executive-to polite and compassionate behavior, gentle speech, and a mind full of love and friendliness. This positive change in consciousness is the aim of genuine meditation practice, and it forms a new and advanced basis for business and industrial management. Business management is presently judged by profits or "money-making" ability.

Managers are evaluated by their ability to make more money by increasing product turnover, developing new technologies with better payoffs, or decreasing costs through new inventions. In return, they want higher salaries and more requisites. Although there is nothing inherently wrong with generating profits and an increase in incomes, the real aim of an economic venture is to create a wealth which combines money with health and happiness. Vipassana makes a significant contribution towards improving the mental health and happiness of individuals-vital components of wealth. Vipassana meditation is a surgical operation of the mind. When practiced properly the pace of purification can be dramatically increased. The technique frees one's mind from greed.

A healthy mind is alert and capable of meeting the demands of a situation. It naturally comes out of addictions and indulgences. The practice of Vipassana results in the diminishment 'of craving. A business conducted with the base of such a mind would have resulted in the growth of the textile industry rather than creating sick production units. The Vipassana technique does not create by itself a new technology of management. It contributes to the improvement of management by correcting the root of the problem-impurity of mind-so that a business is continually nourished by the pure food of right thoughts and action.

It is excessive craving and greed which poison the minds of managers; this impurity is corrected by meditation. Vipassana also changes one's attitude towards competitors. When a business cuts out a competitor, there is a chain reaction: a vicious cycle starts. Many businesses have been ruined by this attitude. Vipassana purifies the mind and fills it with wisdom which enables the practitioner to appreciate that there is room for everyone to coexist. The purification resulting from Vipassana practice results, as it were, in fertile soil where seeds of healthy business management are nurtured.

The soil of healthy minds brings forth management practices where the primary aim is to generate peace and happiness in the society, with the secondary aim of generating money as a means for buying goods and services, and attaining economic emancipation and a higher quality of life. 

(Mr. Shrestha can be reached at maharshi1976@yahoo.com)



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