Spirituality for organisational sustenance

Trust is one common factor between spirituality and corporate world. Without trust corporates cannot function and trust is inculcated by spirituality, he said. Motivation is a key word in organisations today and it is followed by incentives to get the results. There should be shift in corporate organisations from motivation which is shortlived to inspiration, which is selfless and more spiritual, he said.

Speaking on the occasion, Indian Oil Corporation chairman M. S. Ramachandran said, the relationship between coporate culture and spirituality is most appropriate in todays coprorate world which is striving to be globally competitive under harsh situations. ‘‘Spirituality helps in de-egoisation, to be transparent, open, to motivate employees, to make obejective decisions’’. Transformation in leadership was the need of the hour, for which a change of mindset is required which could be brought in with the help of spirituality, he added.

According to US-based Hazmed Inc CEO Jacqueline Sales ‘‘if I walk in spiritual path everything else would follow me’’. Spirituality should start from the corporate leader level and then take it across to the executives, she added. The time has come for spiritual and business leaders to come together for the creation of a better world, said Modicorp chairman B. K. Modi. India should aim to be the spiritual super power of the world, he said.

ICICI chairman Narayan Vaghul in his address said that Spirituality is a process of mind, it helps in the transformation from selfishness to selflessness. ‘‘Spirituality should lead to great activity in life and better wealth creation rather than withdrawal from the realities of life’’, he said.

According to Karnataka government large and medium industries minister R. V. Deshpande companies needed to devote more thought to ethics, values and social responsibility rather than being ‘just profit-oriented’.

Over 300 delegates are participating in the three-day symposium. However, many of the big names in Indian and international corporate world, who were expected to be down for the event were missing. The corporate leaders who were present include, Infosys Technologies director and CFO Mohandas Pai, Jindal Steel chirman Sajjan Jindal, Exide Industries managing director S. B. Ganguly, Finolex Group of Companies chairman P. P. Chhabria, Perfect Relations Co-funder and Consulting partner Dilip Cherian etc.

According to the event organiser Kavita Khanna, ‘‘we had very little time to organise the whole function. Many corporates could not reschedule their meetings in the last minute. This is just a beginning. It is going to be an annual event and we expect greater and better participation in the coming years’’.