This original work is based on the premise that values are as relevant as skills for the effectiveness of managers in industrial and commercial organizations, and that these values are unique to every society. Chakraborty argues that Indian managers, who have long imported value systems from countries that have no roots in India and thus lack the philosophical foundations of the ages-old Indian values system, have created organizations strong on skills and weak in values to the detriment of efficient functioning. Looking at the Japanese, Chinese, and American systems, as well as Indian classical texts in philosophy and psychology, he develops a new theory of values for Indian managers and a systematic training regime for putting his theory in practice