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What Is the Concept Importance and Relevance of Trusteeship Principle in Modern Business

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The founder of the Tata Group, J.R.D. Tata, was influenced by Gandhi`s idea of guardianship. Based on this idea, he developed his personal and professional life. [3] Today, the word “management” has taken on a magical meaning. At present, the winds of globalization are blowing at high speed. As a result, new dimensions are added to the management concept almost daily. This is the age of experts and specialists. Therefore, technological innovation in the field of management gives a new impetus to efficient and skillful operation. Thus, as in many other fields, different departments and subdivisions are founded to infinity.

Financial marketing, human resource management and other similar areas are becoming important industries. Not only that, but the idea of microspecialization and superspecialization is rapidly developing in the field of management studies. The following story illustrates very well how a mad race for specialization breaks down the holistic view of knowledge into pieces and pieces. A traveler approached a man who happened to be a historian and inquired about the road leading to the station. The historian suggested that the traveler ask a geographer, as geography was not his specialty. A more prominent example could be found in the report of a school inspector who wrote, “I saw a fraction of a teacher teaching a fraction of a subject for a fraction of the students in a fraction of the time.” All that meant was that there was nothing in its entirety – no holistic approach to anything or a topic. There is another story that illustrates the same theme. A teacher asked his students to identify the living being in the following story. There were four men walking in the Queen`s garden. There they came across a living being. On closer inspection, they described it in four different ways.

One of them found it as a column, the other as a wall, the third as a sieve and the fourth as a rope. Who were these people? The teacher asked the students. One of the students who had studied Aesop`s fables replied that all four were blind. An even smarter boy stood up and said to the teacher, “No, sir, they were experts and specialists.” Therefore, they could only see the part of the elephant in which they specialized. None of them could see the elephant in its entirety. A similar development is taking place in the field of industrial management and even in the field of culture and education. In this way, intensive knowledge in a narrow field becomes the order of the day. One of the results of such a development is that the end user (the ordinary man) is hardly connected to the whole process.

It is lacking in the entire decision-making process; although everything is planned and done in its name and for its consumption. Unlike these scholars and experts, Mahatma Gandhi was a supporter of the common man. He was also a man of common sense. Today, management is now an integral part of our social reconstruction. It is a new discipline taught by countless institutions. It is rapidly gaining ground in industry and business operations. As a result, a number of institutions hold both long-term and short-term courses. Management studies have three important segments: management of industrial and commercial enterprises, training of managers and training of employees and workers. The quest to conquer nature in all areas has radically changed the whole way of thinking about man.

Therefore, rapid changes are also taking place in the field of management. Now, the management study is reduced to two important areas: material management and people management. The previous understanding of man management was that humans are essentially lazy and work pushers. Behind this understanding was the feeling that man is more concerned with his rights than with his duties. Therefore, he could only work if he was guided by the principle of reward and punishment. Gandhi rejected such a perspective on man and his nature in his scheme of things. He had more confidence in self-regulation than in all external controls combined. He was also a great elector of the cultural and spiritual tradition and its most important ethics. He accepted and promoted one of the most important spiritual values of the Indian tradition: man is not a fallen being, since he has not committed “original sin”.

On the contrary, he carries a touch of divinity in his person. Therefore, certain divine tendencies are very inherent in his personality. It is because of self-forgetfulness that certain ungodly tendencies are related to one`s thoughts and actions. Therefore, one must get rid of the veil of Avidya in order to know and feel one`s true self. Once this is achieved, it takes its true form. It was such a prospect that made Gandhi a person of trust. He always believed in man`s fundamental goodness and his ability to attain perfection by overcoming some of his obvious weaknesses. To this end, he presented his Ekadash Vrata to drink and continue. From such a perspective, he examined the whole issue of people and materiel management in our time. He did not believe that reward and punishment are the basic principle of human action, because they are based on the heartbreaking feeling of fear and greed.

All his thinking on management was based on love, trust and human kindness. He affirmed that all human behavior should be based on mutual love and trust. It was such a vision of man and his world that was the underlying idea behind his concept of stewardship. He strongly argued that voluntary decisions based on personal inspiration could be used to inspire people to give up their personal interests. It would also lead him to work as a fiduciary on behalf of the company for all that he possesses in terms of equipment, skills and talent. He goes on to say that if such a perspective is introduced and accepted in the field of human affairs, all current thinking on management should undergo a radical change. He always stressed that the propertied classes and workers should see themselves as trustees of their property or work. We know that under the current system, workers sell their work and the rich buy it on the market. Thus, the rich do virtually no physical labor, while laborers must constantly devote themselves to physical labor. The ideal situation would be one in which the workers have their free time and the owners of the means of production also engage in a kind of physical labor. Only then will the dignity of work be anchored in society.

Today, the whole situation is so queer that workers want the maximum price for their work while doing the minimum work, and the owners want to pay the minimum wage and take on the maximum amount of work. So, if one is Kamchor (work thief) and the other dhanchor (money thief). Thus, both are thieves in their own way, since both suffer from the same capitalist mentality. In other words, both groups try to make the most of their wealth, even if each of them has taken them out of society itself. The tragedy is that they could never get closer with such a state of mind. Therefore, a new idea has emerged in the field of management, that is, workers should be involved in both the production and sales process. .

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