A study on applicability of the eightfold noble path of Buddha to business management

Abstract

The Eightfold Noble Path, as a central element of Buddhist philosophy, is traditionally regarded as a guide to end suffering and achieve enlightenment. However, its principles hold significant potential for modern business management, offering insights into ethical leadership, decision-making, and corporate responsibility. This paper explores the applicability of the Eightfold Noble Path to contemporary business management practices, focusing on its ethical, cognitive, and behavioural aspects. By integrating Buddhist values such as right intention, right livelihood, and right mindfulness, businesses can foster a culture of responsible leadership, employee engagement, and sustainable growth.