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IJRAR1AHP026 International Journal of Research and Analytical Reviews (IJRAR) www.ijrar.org 242

Managerial Quality Embedded with Buddhism:

Management Student’s Views and Perception Author: Dr.A.R.Nithya, Associate Professor, Hindustan Institute of Technology and Science, Chennai

Co-Authors: 1. S.Moshik Raj, Student, Hindustan Institute of Technology and Science, Chennai.

2. Arjunn Chandragiri, Student, Hindustan Institute of Technology and Science, Chennai.

Abstract: Purpose

– The objective of the present study is to bring about the budding manager’s view and perception about the

managerial qualities embedded with Buddhism

Design/methodology/approach:

The study approaches Qualitative research using descriptive method.

Findings:

The most influencing variable is found to be should be self-control, accept all UPs & DOWNs, believe in

self -effort, self -disciplined person, very dedicated to his work, should believe in mutual respect

Practical implications

– The practical implications are the action plans suggested to the companies about Gen-Z view about the

expected qualities of managers

Originality/value

– Student’s view and opinion about Managerial qualities embedded in Buddhism.

Paper type:Research Paper

Key words:Managerial Quality, Buddhism, OrganizationalManagement, Gen-Z.

INTRODUCTION

Organization means not only the institution but also all the environment that surrounds the organization. It

is inclusive of internal and external parties to the business concern. In our daily life Organization are

inseparably jumbled. It is not only about the business organization but also it includes hospitals, political

parties, government,non-governed bodies, & social parties etc. so people those who are working in

organization can be termed as employees not only in business and in nonprofit organization also. So here in

our study we have taken the meaning confined to business. so in business organization what is the role

played by the managers?Today we cannot even think about the existence of the society without the

business organization.so for aeconomic development the business is needed, for the effective functioning

of the business depends upon the efficiency of the managers so each organization has its own center

objective, in order to function effectively each organization must be engaged with the principle function

which could be subdivided into smaller components (CACELLO 2008). Organization can be considered as

a key for economic and social issues in the world (OPATHA 2001) and as per the business dictionary an

organization is a collection of people who is working together towards achievement on a common

objective (SCHEMERHORN & OSBORN). Another use of Organization is that it is a systematic

procedure of processing and delivering the output to different parties. Here the input is not only confined

with material but also is inclusive of all the four M ‘s of the business that is men, money,material & the

methods of the doing the business. If we are talking about the people here the HR is the brighter element

that bonds the rest of the M together. Managing an organization is not an easiest task, it needs a humanistic

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property of the manager who is excel in managing competency are needed to sustain in the modern

turbulent India. In this study we have collected the opinion of budding manager’s (MBA students) about

managerial qualities embedded with Buddhism concepts. We have followed Primary method of data

collection using structured questionnaire with five-point Likert scale. We analyzed the data through various

parametric and nonparametric statistical techniques and the results are concluded.

Objective of the study:

The main objective of this study is to know the budding manager’s perception about managerial quality

encapsulated with Buddhism concepts.

Review of Literature:

Role of Buddhism in Business:

Buddhism plays a significant role in the roles of managers in Sri Lanka (FERNADO & JACKSON 2006).

Buddhism believes a consistency in their scientific lives so according to SANTINA 1984 so he hypothesis

Buddhism is an pragmatic orientation deals with cause and effect relationship focuses on problem solving

and recognized the important of observation & verification. So Buddhism provides an actable passage as it

refers to more often ethical system a sited by MAIQUES 2012 & BRAZIER 2002 so here they confirm

again Buddhism as it is a beyond subjective concept even acted the state of consciousness. So this paper

explores the relationship of a holding of business ethics, current management practices in the organization

in the areas of organization management inclusive of various areas such as interpersonal relation, ethical

behavior, emotional intelligence, team building, conflict management, goal setting, performance

management, knowledge management & the variety of Buddhist prospective. With the application of

Buddhism principle in all the above-mentioned areas. So basic Buddhism prospective covers of

1. Moderation

2. Impermanency

3. Believe in one self

4. Mindfulness and selffulness

5. Self -sacrifice to common goal

6. Mutual respect

The above prospective inclusive of the common goal.Finallythe paper suggests the budding managers view

about the application of Buddhism principles in managerial skills how they can improve the organization

productivity as an end result.So this paper describes about the budding managers view about the

encapsulation of Buddhism in business ethics and value system. General meaning for ethics is that it is a

branch of social science that deals with a moral principles and social values.so it helps us to classify what is

good and what is bad and what can be done for the welfare of the people. A manager should be an ethical

person in his organizational commitment, so the board of contact of managers which we are getting from

the basic ethical principles, so it tells a person how to behave with another person. But in general what does

business ethics means? So business ethics means to conduct the business with the human touch in order to

give the welfare of the society. BasicallyBuddhism also tells about not to harm others. we should be kind

and polite to others. How the business ethics is incapsulated with the Buddhism principles and perspective.

So how the young budding managers view about the business ethics having a touch of Buddhism principle.




Buddhism concepts manifestation in Manager’s role:

Buddhism has its own application on people’s view about sufferings and harmony of the society.It has

many solutions to today’s competitive scenario. The most populist word is in today’s world is

“Stress”,Buddhism has its practical focus on happiness and communal harmony in this lifetime. E.F.

Schumacher (1973) [1]: in his book ‘Small is Beautiful’, Buddhist economics first gained widespread

attention. He said that Buddhist economics is a “Middle way” of development, aiming to achieve

maximum well-being with minimum consumption. It has many solutions to offer to today's business world,

which is often full of confusion and difficulty. The alleviation of suffering is the basis of the Buddha's first

teaching, the Four Noble Truths. These noble truths say that suffering exists everywhere, that it has a

cause, that it can be cured, and that there is a remedy in the practices of balance and awareness. How does

this idea of suffering apply to businesses? Businesses suffer in much the same way that people do. Frederic

Pryor (1990) [2]: he outlines Buddhist economic behavior personal and social ethics, aligned economic

institutions, and the attitude toward property and wealth.This is the area of discussion of this paper, Santina

(1984) stated that Buddhist believes are very consistent with western scientific believes. He hypothesized

Buddhism has a pragmatic orientation, deals with cause and effect relationship, focuses on problem

solving, and recognizes the importance of observation and verification.Buddhism provides an acceptable

passage, as it is referred to as more of an ethical system. As cited by Marques (2012), Brazier (2002)

confirmed that Buddhism is concerned with going beyond subjective concerns or even altered state of

consciousness.

On one hand the importance placed by the Buddha on the "moderation" in all aspects of life tends to

produce more consistent and moderate behavior in managerial thinking and decision making. According to

this philosophy, extreme positions, even strategic choice are not reviewed as favorable in this impermanent

ever-changing environment. On the other hand, the belief in no-self tends to have a collectivistic

orientation and supports a stronger focus on team building and interpersonal relations. Moreover, the five

precepts and the eight-fold path have implications for ethical decision making in management. OPATHA

(2012) justified that ethical correct decision is stronger than a legally correct decision. 5 An organization is

nothing but a collection of its members; employees. As it is a group team building capabilities are essential.

For a group / team there should be a leader. Then, how an effective leader can ethically and spiritually

manage a group of people to get the thing done through them? In a group there are norms. Members of the

organization need to be focus on their personal development while contributing to the organizational

success. Thus, it is clear that Buddhist believes can manifest in a number of different aspects of

management including leadership, personal development of employees, team building and team work,

harmony, more gentle approach of managing employees (Charles, 2009). This paper addresses some of

those manifested pragmatic aspects of Buddhism in modern organizational management.

Gen-Z expectations about Managerial qualities:

Now the emergence of new generation called Gen Z – people who were born from 1995 onwards and they

making their presence started entering into new set of workforce. Employers and leaders has to make deep

analysis about this generation to cope with new set of workforce.

Basic Characteristic features of Gen-Z are as follows:

1. Media consumption habits are differ from previous generations even from Millennials.




2. They prefer cool products rather than great products, and also they insist about cool experiences.

3. They derived tech savvy and Entrepreneurial qualities from previous generation.

4. They want to work in co-create culture.

In this paper Gen- Z view about managerial qualities were elicited for running up of business in

new challenged environment needs the shoulder of young people. An organization is a collection of

people working together to achieve a common target (Schermerhorn, Hunt & Osborn, 2004). As

any Organization success purely depends on the people those who work in it. Organizations are

considered as the best creation of humans to address economic and social issues in the world

(OPTHA, 2012).

Research Methodology of the study:

In this study Qualitative research was conducted for analyzing the perceptions and view of the budding

managers, using descriptive research design type.

Simple random sampling method was used. Sample size is 119,

Statistical tool used percentage analysis, weighted average analysis,frequency analysis, regression analysis

test, H test,

Analysis and Findings:

DEMOGRAPHIC VARIABLE

FINDINGS:

85% of the respondents are male

34% of the respondents are female

72% of the respondents have the income level < 1 lakhs

18% of the respondents have the income level between 1-3 lacks

10% of the respondents have the income levelabove 3 lacks

50.8% of the respondents are located in domestic area

48.3% of the respondents are located in abroad

35% of the respondent’s parent occupation is Government Job

35% of the respondent’s parent occupation is business

29% of the respondent’s parent occupation is Private concern

68% of the respondents are having awareness about Buddhism




Hypothesis Tested:

H1: There is a Significant difference between the Gender of the respondents and Managerial quality about

cool mindedness

H2: there is a significance difference between the gender of the respondents with the manager should not be light

hearted

H3: there is a significance difference between the gender of the respondents with the manager should accept Ups and

downs in the business

H4: there is a significance relationship difference between the parent income an and a student give about a manager

should accept fortune and misfortune in the business

DATA ANALYSIS

H1: There is a Significant difference between the Gender of the respondents and Managerial quality about

cool mindedness

TEST APPLIED: MANN WHITNEY U TEST.

Ranks

gender N Mean Rank Sum of Ranks

manager should be cool minded

Male 26 35.29 917.50

female 49 39.44 1932.50

Total 75

Test Statisticsa

manager should

be cool minded

Mann-Whitney U 566.500

Wilcoxon W 917.500

Z -.887

Asymp. Sig. (2-tailed) .375

a. Grouping Variable: gender

From the above analysis we got the significant value as0.375 which is more than 0.05 so we have to accept

null hypothesis.so there is no significant difference among the respondents about the manager quality about

cool mindedness.

H2: there is a significance difference between the gender of the respondents with the manager should not be light

hearted

Test Applied- Mann Whitney U test




MANN WHITNEY TEST

Ranks

Particulars gender N Mean

Rank

Sum of

Ranks

should not be light

hearted

male 85 64.29 5465.00

female 34 49.26 1675.00

Total 119

From the above table we found that the significance value is .027<.05 (ie) we have to reject the null

hypothesis that there is a significant difference between the gender of the respondents and the managerial

quality as he should not be lighted.

H3: there is a significance difference between the gender of the respondents with the manager should accept Ups and

downs in the business

TEST APPLIED: MANN WHITNEY U TEST

Ranks

gender N Mean

Rank

Sum of

Ranks

accept all UPs

&DOWNs

male 85 59.28 5039.00

female 34 61.79 2101.00

Total 119

Test Statisticsa

should not be

light hearted


Wilcoxon W 1675.000

Z -2.217

Asymp. Sig. (2-

tailed)

.027





From the above analysis it is found that number of respondents of a male are 85 and female is 34 here the

significant value is 0.7 this is more than 0.5so we have to reject the null hypothesis so there is no difference

of opinion among the gender of the people regarding that the manager should accept all the ups and downs

so we can conclude as a manager he should be the bearer of the risk (i.e.) business risk

WEIGHTED AVERAGE ANALYSIS

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

manager should be cool minded 119 1 5 4.02 1.066

should have self-control 119 1 5 4.29 1.043

participating in fun activities 119 1 5 2.93 1.191

should not be light hearted 119 1 5 3.18 1.240

see business in ordinary way 119 1 5 2.53 1.213

no need mental attachment 119 1 5 2.92 1.299

should cut down his emotions 119 1 5 3.04 1.362

Valid N (listwise) 119

INTERPRETATION

The variables taken for the analysing the factor Moderation are cool mindedness, self -control, involvement

in fun activities, light hearted, no mental attachment, emotional balance, seeing the business in an ordinary

way, the most influencing variable is cool mindedness, We can conclude like Most of the respondents are

opines that Manager should be coolminded.



accept all UPs &DOWNs 119 1 5 4.07 1.140

consciousness about the life is to live 119 1 5 3.66 1.181

should accept fortune & misfortune 119 1 5 3.88 1.151


Test Statisticsa

accept all

UPs

&DOWNs


Wilcoxon W 5039.000

Z -.385

Asymp. Sig. (2-

tailed)

.700





The variable taken for the analysing the factor Impermanency are accept all up and downs, consciousness

about life, accept fortune and misfortune, the most influencing variable is consciousness about his life is

short.We can conclude that most of the respondents opines that for a managers should have consciousness

about the life instead of mad race/competition.



believe in self- effort 119 1 5 3.80 1.344

strong minded in centralized authority 119 1 5 3.77 .961

should be autocratic 119 1 5 3.33 1.276

adapting team culture 119 1 5 3.01 1.285


The variable taken for the analysing the factorbelieve in no self are believe in self-effort, centralised

authority, autocratic, adapting team culture. Here the most influencing variable is that the manager should

be autocratic.we can conclude that majority of the respondents choose that the manager should be

autocratic as their opinion.



manager should work day and night 119 1 5 3.20 1.139

should be workaholic 119 1 5 2.98 1.172

should sacrifice social life 119 1 5 2.61 1.223

should convince family about his sacrifices 119 1 5 2.90 1.349

should be dedicated to work 119 1 5 3.87 1.228


The variables taken for the analysing the factor self -sacrifice to the common goal are, work day and night,

workaholic,sacrifices his social life,convince his family about his work life, work dedicativenessthe most

influencing variable is a manager should sacrifices his social life for the development of the organization

.i.e., he has to maintain perfect work life balance.



should be aware of his decisions 119 1 5 3.92 1.283

should be mindful 119 1 5 3.94 1.278

should be self -disciplined 119 1 5 4.04 1.196

avoid happy go lucky mentality 119 1 5 3.20 1.183

should know the effect of his decisions 119 1 5 3.87 1.109


The variable taken for the analysing the variable mindfulness are,aware full decisions, mindful,self-

disciplined,should avoid happy go lucky mentality,should know the effect of his decisions. The most

influencing variable is the manager should be self -disciplined. Wecan conclude that most of the




respondents opines that the manager should be self -disciplined which is very much needed for the

development of the Organisation.



should believe in mutual respect 119 1 5 3.98 1.193

mutual respect among employees 119 1 5 3.89 1.088

authority dilution should not happen 119 1 5 3.29 1.044

should not behave aggressively 119 1 5 3.74 1.356


The variable taken for the analysing the factor Mutual respect are, believe in mutual respect, Organisational

climate, authority dilution, aggressive behaviour. Here the most influencing variable is manager should

believe in mutual respect. we can conclude that most of the respondents opines that the manager should

believe in mutual respect will enhance Mutual respect concern of the manager.

H4: there is a significance relationshipdifference between the parent income an and a student give about a manager

should accept fortune and misfortune in the business

TEST APPLIED: H TEST

KRUSKAL WALLIS TEST(H-TEST)

Ranks

parent’s

income

N Mean

Rank

should accept fortune &

misfortune

<1lakhs 42 56.42

1lakhs-3lakhs 42 57.55

>3lakhs 35 67.24

Total 119

In the above analysis we have taken the variables like parent’s income and a manager should accept fortune and

misfortune in the business. Here it can be concluded that the value of the value of P is 0.297 which is more that 0.05

Test Statisticsa,b

should accept

fortune &

misfortune

Chi-Square 2.425

Df 2

Asymp. Sig. .297

a. Kruskal Wallis Test

b. Grouping Variable: parent’s income




we can accept the null hypothesis so there is no difference of opinions among the students of the university to see

that a whether the manager is rich or poor he should accept all the fortune and misfortune again they are confirming

that manager should bear the risk of the business.

TEST APPLIED: REGRESSION ANALYIS

To know the relationship between the dependent variable (seeing the business in Ordinary way without

huge expectation) and Independent variables such as mutual respect, self- effort, self-control, dedicated to

work,UPs &DOWNs, mutual respect,self- disciplined.

VARIABLE TAKEN FOR ANALYSIS

Variables Entered/Removed

Mode

l

Variables Entered Variables

Removed

Method

1

mutual respect among employees,

believe in self -effort, should have

self -control, should be dedicated

to work, accept all UPs

&DOWNs, should believe in

mutual respect, should be self-

disciplined

. Enter

a. Dependent Variable: see business in ordinary way

b. All requested variables entered.

REGRESSION

Regression analysis the variable taken for measuring the regression is themutual respect, self- effort, self-

control, dedicated to work,UPs &DOWNs, mutual respect,self- disciplined So these are all the variables

taken for the independent variables and the dependent variable is manager should see the business in the

Model Summary

Mode

l

R R Square Adjusted R

Square

Std. Error of

the Estimate

1 .207a .043 -.017 1.224

a. Predictors: (Constant), mutual respect among

employees, believe in self- effort, should have self-

control, should be dedicated to work, accept all UPs

&DOWNs, should believe in mutual respect, should be

self -disciplined

b. Dependent Variable: see business in ordinary way




ordinary way i.e., how far he is mentally stable to handle the business situations , from the analysis in the

correlation table we found that the value of R is 0.207 which indicates a weak positive correlation, R

square value is .043, level of influence of independent variable on the dependent variable is about only

4.3%

CORRELATION ANALYSIS

ANOVA

ANOVAa

Model Sum of

Squares

Df Mean

Square

F Sig.

1

Regression 7.473 7 1.068 .713 .661b

Residual 166.174 111 1.497

Total 173.647 118


b. Predictors: (Constant), mutual respect among employees, believe in self -

effort, should have self -control, should be dedicated to work, accept all UPs

&DOWNs, should believe in mutual respect, should be self -disciplined.

REGRESSION TABLE

Coefficientsa

Model Unstandardized

Coefficients

Standardized

Coefficients

T Sig.

B Std. Error Beta

1

(Constant) 3.813 .631 6.042 .000

should have self -control -.115 .126 -.099 -.911 .364

accept all UPs &DOWNs -.072 .113 -.068 -.636 .526

believe in self -effort .048 .097 .054 .500 .618

should be self -disciplined -.090 .121 -.089 -.744 .458

should be dedicated to work -.006 .110 -.006 -.054 .957

should believe in mutual

respect

-.016 .108 -.016 -.149 .882

mutual respect among

employees

-.060 .124 -.054 -.483 .630


In the analysis of varions table the F value is 0.713 and the significant value is 0.661 and the P value is

more than 0.05.so we have to accept the null hypothesis. So there is no significant influence among

variables .the regression equation is Y (i.e.) the manager seeing the business in an ordinary way (i.e.) his

mental stability, that is equal to 0.364.manager should have the self -control (0.364) he accept all ups and




downs (0.526)he should believe in self -effort so one thing to be included we have X1 variable as self -

control and X2 variable as a should accept all ups and downs & X3 variable is self -effort (0.618) should

be self -disciplined X3( 0.458) And X4 variable is he should be dedicated to his work (0.957) and X5

variable is to believe in mutual respect (0.882) X6 variable is mutual respect is mutual respect among the

employees (0.630).so here while analysing the all above independent variable the most influencing variable

is that cause the manager to see the business in in ordinary way is he should be dedicated to his work so

his work dedication plays a vital role ant the next is to believe in the mutual respect we can conclude that a

manager should have the dedicative ness & he should believe in the mutual respect. so that is maximum

comprising policy he should be adapted

Wilcoxon Signed Ranks Test

Here the number of positive ranks given is 113 and the negative rank is only 1 negative rank is given and

most of the respondent have the tie of 5 .so here the significant value is .000 (ie) we have to reject the null

hypothesis.so a manager should work day & night for achieving the common goal Majority of the

respondents says that the residential place plays a vital role in accepting this work on day and night.

FACTOR ANALYSIS

KMO and Bartlett's Test

Kaiser-Meyer-Olkin Measure of Sampling Adequacy. .525

Bartlett's Test of Sphericity

Approx. Chi-Square 333.588

Df 136

Sig. .000

Ranks

N Mean

Rank

Sum of

Ranks

manager should work day and night -

residential place

Negative

Ranks

1a 17.00 17.00

Positive Ranks 113b 57.86 6538.00

Ties 5c

Total 119

a. manager should work day and night < residential place

b. manager should work day and night > residential place

c. manager should work day and night = residential place

Test Statisticsa

manager should work day and night -

residential place

Z -9.305b

Asymp. Sig.

(2-tailed)

.000

a. Wilcoxon Signed Ranks Test

b. Based on negative ranks.




Communalities

Initial Extraction

manager should be cool minded 1.000 .727

should not be light hearted 1.000 .693

see business in ordinary way 1.000 .643

no need mental attachment 1.000 .660

should cut down his emotions 1.000 .641

consciousness about the life is to live 1.000 .785

should accept fortune & misfortune 1.000 .656

strong minded in centralized authority 1.000 .575

should be autocratic 1.000 .740

adapting team culture 1.000 .641

avoid happy go lucky mentality 1.000 .632

should know the effect of his decisions 1.000 .607

manager should work day and night 1.000 .579

should be workaholic 1.000 .630

should sacrifice social life 1.000 .717

mutual respect among employes 1.000 .776

should not behave aggressively 1.000 .581

Extraction Method: Principal Component Analysis.




Total Variance Explained

Compon

ent

Initial Eigenvalues Extraction Sums of Squared

Loadings

Rotation Sums of Squared Loadings

Total % of

Variance

Cumulativ

e %

Total % of

Variance

Cumulativ

e %

Total % of Variance Cumulative %

1 2.334 13.728 13.728 2.334 13.728 13.728 1.864 10.965 10.965

2 2.141 12.596 26.324 2.141 12.596 26.324 1.838 10.813 21.779

3 1.580 9.295 35.620 1.580 9.295 35.620 1.697 9.983 31.762

4 1.467 8.631 44.251 1.467 8.631 44.251 1.665 9.795 41.557

5 1.393 8.195 52.446 1.393 8.195 52.446 1.488 8.753 50.310

6 1.280 7.531 59.977 1.280 7.531 59.977 1.452 8.540 58.850

7 1.087 6.392 66.369 1.087 6.392 66.369 1.278 7.520 66.369

8 .793 4.662 71.031

9 .756 4.450 75.481

10 .733 4.313 79.794

11 .671 3.948 83.742

12 .620 3.649 87.391

13 .555 3.264 90.655

14 .539 3.173 93.829

15 .439 2.580 96.409

16 .318 1.873 98.282

17 .292 1.718 100.000


Component Matrixa

Component

1 2 3 4 5 6 7

manager should be cool minded .434 -.199 .228 .216 .192 -.215 -.563

should not be light hearted .117 .338 -.336 .426 -.282 .085 .429

see business in ordinary way -.068 .534 .281 -.105 -.372 .192 -.296

no need mental attachment .033 .212 .226 .409 .559 -.191 .217

should cut down his emotions .178 .457 .345 -.041 .453 .155 .223

consciousness about the life is to live .409 -.176 .719 -.093 -.220 .090 -.067

should accept fortune & misfortune .482 -.282 .399 .118 -.319 .178 .192

strong minded in centralized authority .481 -.230 -.248 -.400 .238 -.076 .081

should be autocratic .394 .162 -.075 .151 -.190 -.697 -.089

adapting team culture .426 .194 .214 -.064 -.177 -.385 .438

avoid happy go lucky mentality .427 .156 -.242 .473 -.150 .325 -.126

should know the effect of his decisions .481 -.143 -.184 .148 .507 .159 -.127

manager should work day and night .334 .531 -.023 .279 .022 .297 -.134

should be workaholic .263 .521 .008 -.511 .113 -.113 .044

should sacrifice social life .038 .732 -.129 -.340 .021 .033 -.217

mutual respect among employes .540 -.293 -.187 -.384 -.004 .428 .182

should not behave aggressively .488 -.031 -.482 -.055 -.229 -.184 -.145





a. 7 components extracted.

Component Transformation Matrix

Component 1 2 3 4 5 6 7

1 .133 .604 .448 .422 .410 .073 .255

2 .774 -.314 -.194 .328 .160 .300 -.205

3 .090 -.397 .731 -.321 -.109 .376 .209

4 -.557 -.436 -.059 .622 .119 .284 .124

5 -.028 .350 -.385 -.166 -.248 .729 .329

6 .088 .160 .223 .433 -.834 -.062 -.175

7 -.239 .202 .160 -.096 .153 .386 -.834


Rotation Method: Varimax with Kaiser Normalization.

In this analysisfactor analysis the KMO bartlelle is indicating the sampling adequacy which is more than

0.52 .which indicates the sample adequacy is sufficient in making the factor analysis and the

communalities values are it is greater than .5. By using the principle Compound analysis the factor loadings

66.369%, after analyzing all the 29 variables it was categorised into 7 basic components. The most

influencing factor is impermanency .that is the manager should accept all the risk and the fortune and he

should believe that change is the one which is permanentin the life .

Conclusion:

This research paper explores the management student’s views and perception about Managerial qualities

embedded in Buddhism concepts that a manager should posses for the effective functioning of the

Organization, In nutshell, this paper discusses about the concepts Buddhism such as Moderation,

Impermanency, Believe in no self, Mindfulness and self -fullness, Self -sacrifice to a common goal,Mutual

respect, and it depicts the budding manager’s (management students)view and perception about the

managerial quality of the manager should possess for the development of the employee as well as

organization. After analyzing all the variables which is responsible for the construction of basic managerial

quality are cool mindedness, conscious about life, autocratic, WLB, believe in Mutual Respect, self -

disciplined person.

Limitations: In Buddhism there are so many social, cultural and religious dimensions & values which are

relevant for the business world. This paper pointed out only few of them that become a limitation for this

paper. Also the Literature review is not sufficient to cover this broad topic. A detailed and deep study of

Buddhist literature are required to cover all the areas of this topic. This paper limits many other dimensions

that can be picked from the same topic.




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ApichaiPuntasen. Buddhist economics: Evolution, Theories and its application to Various

Economic Subjects, Bangkok, Amarin Publisher, 2005.

WannaPrayukvong. A Buddhist economic approach to the development of community enterprises:

a case study from Southern Thailand, Cambridge Journal of Economics, 2005, 29,

Kimball, R. (2000). Humanistic Buddhism as conveived and interpreted by Grand Master Hsing

Yun of FoGuang Shan. Hsi Lai Journal of Humanistic Buddhism.

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