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Asian Journal of Management
Year : 2017, Volume : 8, Issue : 3
First page : ( 921) Last page : ( 924)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2017.00141.X

Thirst for a new management theory

Sharma Gagan Deep1,*, Mahendru Mandeep2,**

1University School of Management Studies, Guru Gobind Singh Indraprastha University, Sector 16 C, Dwarka, New Delhi-110078

2ICFAI Business School, IDPL Complex, Old Delhi-Gurgaon Road, Dundahera, Gurugram, Haryana, -122016

*Corresponding Author E-mail: gagan.is.sharma@gmail.com

** mandip129@gmail.com

Online published on 22 September, 2017.

Abstract

Purpose

This paper evaluates some recent articles concerning the management theory. The paper stresses upon the need for reformation of management theories.

Design/Methodology/Approach

The paper is presented mainly as a viewpoint based on some recent pieces of literature and original arguments.

Findings

The paper observes that business is a part of the larger existential order and needs to play a role in helping humans meet their goals of continuous happiness and prosperity. There is need for a new business theory that contextualizes the human face of business and emerges as a humane model of business.

Originality/Value

The paper brings together various pieces of literature from inter-disciplinary fields and puts them together in the context of management theory.

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Keywords

Management theory, viewpoint, existential order, continuous happiness, prosperity, humane model of business.

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