Question

explain the process of holistic decision making according to indian ethics

Answer 1

Well, in business there is the shareholding school of thought and then there is the stakeholder school of thought. The former says that decisions should be made simply to maximize value for shareholders. However, with corporations becoming more and more powerful, the stakeholder school of thought has gained prominence.  Thus, decisions have to be made keeping in  mind the interests of all stakeholders.  So for instance, while releasing untreated waste water into the nearby stream may increase profits for shareholders, that may not be good for the fishefolk, tourism and the local community.  Thus, one should make decisions keeping in mind the interests of all stakeholders.