Material growth takes precedence in corporate culture - Namal Rajapaksa MP

The absence of spirituality is evident in the growth of corporate culture and over-riding importance is given to material growth.

Parliamentarian Namal Rajapaksa addressing the gathering

The absence of a Corporate Culture of Spirituality has been a major feature in the currant economic crisis, said parliamentarian Namal Rajapaksa. He was addressing a conference on Corporate Culture and Spirituality held over the weekend in India.

The conference noted the dire need to move away from the current global economic order which had resulted in wasteful expenditure, over-emphasis on market forces and social profligacy and embrace new values. Due to the existing economic and corporate growth, the concept of the Law of Acquiring Sufficient Abundance has become increasingly important.

Sri Lanka had to balance her growth with the real livelihood needs, the demand for infrastructure development and the protection of nature and environment. Sri Lanka gives top priority to infrastructure needs such as roads, buildings, hospitals, play-grounds and other sports facilities and at the end, the real livelihood advancement by way of incentives for investment. This supports the concept of Acquiring Sufficient Abundance. The demographic patterns of society are fast changing with the youth acquiring a new strength, impact and influence. Technology has revolutionised communication, thinking and social organisation with old economic and political systems crumbling with a perceptible shift to the Asian region.

Buddhist and other cultural values which guided Asian societies for centuries are being rediscovered by those disillusioned with the Western prototypes of materialistic growth. The Corporate culture should respond to the material and spiritual demands of the youth. India's policy on Corporate Strategies to add value to spirituality in material development is helpful to Sri Lanka too.