India is an advantageous position in the changing panorama of management, from one of pure economic culture to one of holistic approach, because of our religious and cultural heritage. The acquisition of wealth (Artha), developing a sadhanic personality (yoga), being committed to the truth and the right (Dharma), and believing in the almighty God as superior to man (Brahman) are all factors rooted in our tradition. Based on these, we can develop an appropriate management philosophy with a value system rooted to our cultural heritage, which could very well be the model of holistic management that we can offer to the whole world as India's contribution to managers for facing the challenges of the 21st century.

The fourteen articles included in Indian traditions of management will, we hope, make to a certain extends, a qualitative change in the studies on modern management principles.