The Advantage of Incorporating the Indian Knowledge System in Management Studies

The Indian Knowledge System (IKS) encompasses centuries of accumulated wisdom across philosophy, economics, governance, ecology, medicine, and education. In recent years, management studies have increasingly sought frameworks that extend beyond efficiency and profit-maximization to include ethics, sustainability, and human development. This paper argues that integrating IKS into management education and practice provides a multidimensional perspective that enhances leadership, organizational learning, strategic decision-making, and social responsibility. Drawing on literature from indigenous knowledge, organizational studies, and ecological management, the study highlights how IKS contributes to contemporary challenges in corporate governance, human resource development, and sustainability. By synthesizing insights from ancient texts such as the Arthashastra alongside modern empirical studies, the paper establishes the relevance of IKS in building resilient, value-driven, and contextually adaptive management systems. Keywords: Indian Knowledge System, Management Studies, Sustainability, Organizational Learning, Indigenous Knowledge, Leadership