Implementing Buddhism Principles in Business- Robin Trehan

Although Buddha and his principles were around long before technology and the businesses of today, they can still be applied effectively.
By: Latest Business Report
Oct. 6, 2009 - PRLog -- Some may not believe it, but Buddhism teaches a lot of great principles that can be used for the business. For instance this saying, “The wise and moral man shines like a fire on a hilltop who doesn’t hurt the flower. Such a man makes his pile an anthill, gradually grown wealthy, he thus and firmly binds his friends to himself.” This was written by Singaalovaada Sutra. If you look into this saying, you will see a bit about taking things one step at time and networking in order to grow wealth. Good business ethics is also taught through Buddhist principles.

Although Buddha and his principles were around long before technology and the businesses of today, they can still be applied effectively. This is a mainstream topic and there are already dozens of books being sold to consultants who spread the doctrine in the boardroom. For instance, business men and women have been applying Buddhist principles in order to cut inventory and reduce the costs for chain supply. Buddhist principles also teach that it is necessary for its followers to minimize their attachments.

Another principle of Buddha teaches that you should be mindful and avoid doing work that causes harm to yourself or others. Now, this doesn’t mean that we should all be counselors or social workers. Following Buddha doesn’t have to mean taking the road to poverty just to satisfy everyone either. It’s important that we be mindful at all times while doing the work we do, no matter what our business is.

One of the main things learned through Buddhism is discipline. Having the discipline to not over-react in stressful situations or over-indulge in the money-making aspects of business. Keeping calm, cool and collected and remaining humble is very important. To give you a better idea of how followers should imitate, imagine a monk working at Wall Street or as an executive for a large financial corporation. Implementing Buddhism in the workplace can relieve stress and make you happier all around. If you think about it, our work has a great impact on our lives, so if we’re happy at work, we’re more likely to  be happy at home. Balancing your work, spiritual and personal life can affect the your outlook on everything. Buddhism teaches compassion, meditation, livelihood and, as mentioned earlier, mindfulness.

Example, if you’re dealing with customers on a daily basis, it is necessary for you to implement compassion and mindfulness in order to establish healthy relationships. You don’t want to be nasty to your customers and you don’t want to turn them away hastily if you are unable to help. If you know of another companies that could help them, then let them know. Also, this practice can be used for co-workers; if you’re a boss, you don’t have to keep reminding them who’s in power…they already know.

Overall, implementing Buddhism in business can help to grow and secure important business relationships, as well as teach fundamentals and ethics on how to deal with business transactions and the company as a whole. Employees and owners can benefit from Buddhism practices. Remember, life is what you make it. Or business that is.

Robin Trehan, is associted with private equity group of Credit Capital Funding. Also. More information and
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Industry:Banking, Business, Education
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