The Power of Beliefs in Conventional Approach of Management Studies
The Power of Beliefs in Conventional Approach of Management Studies

Author(s): Nidhi Kaushal, Sanjit Mishra
Subject(s): Business Economy / Management
Published by: Scientia Moralitas Research Institute
Keywords: Belief; Custom; Management; Strategy; Wisdom;
Summary/Abstract: Principles have a significant place in the civilization. These standards were deep-rooted in the psychological framework of mind. In India, these ordinary strategies set up by ancient people have been accepted and followed in today’s modern world of competition. We have focused this research paper on the lessons of management from usual customs. We interviewed vegetable vendors to learn management lessons from their life. Data have been taken from the smaller regions.We found that they have conventional values for management of their business.They have a strong vision and set of beliefs, which stand them with profit in terms of values rather than money in the modern competitive world. The hypothesis included that the conventional management followed by common people has its strong place in modern society. We have described the supremacy of traditional management in India and its implication upon the modern management concepts of profit maximization.

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