Phrases from the Bhagavad-gita pop up in management tomes and on the Web sites of consultants. Top business schools teach “self-mastery” classes that use Indian methods to help boost managerial and leadership skills while also finding inner peace in a life dominated by work. Twenty years after “Wall Street” we can ask: “Can the Bhagavad-gita compete with “The Art of War” as the new ancient Eastern management text?”

The problem with this approach is that a decade of research — conducted by us and our colleagues — demonstrates that our intuitions about how to turn money into happiness are misguided at best and dead-wrong at worst. Those televisions, cars, and houses? They have almost no impact on our happiness. The good news is that we now know what kind of spending does enhance our happiness — insight that’s valuable to consumers and companies alike.

Tatjana: A lot of people want to achieve success in life and in business and generally in the beginning they don’t know how? Somehow they start the business, they have certain success but they get stuck somewhere. On the other hand, they start having certain discipline, and become better people and start having a better communication with their business partners because they see that this is needed. And because they hear about it or they have a family custom, they practice some type of spirituality. But it seems like there is no connection between their business life and their spiritual life. So is there a connection between business and spirituality?

Clarity might help you achieve success and happiness.

Lack of clarity is probably more responsible for frustration and underachievement than any other single factor.

That’s why we say that “Success is goals, and all else is commentary.”

People with clear, written goals, accomplish far more in a shorter period of time than people without them could ever imagine.

I try to always give clients a clear list of what they will receive from me and when I will have the work completed. Often, clients don’t know what to expect or have unrealistic expectations. Knowing what their expectations are is key to managing them. Since I am the one who sets their expectations- it’s my fault if they’re disappointed.

Conscious Business is about people who are aware of the impact each of their habits and actions has on their environment (people and planet). It is about people who live their lives based on the knowingness that everything is interconnected. It is about people, who know who they are:

* who know about their strengths and weaknesses and
* who desire to live and work with joy, creativity and ease instead of fear, power and domination

Spirituality, however, is more an individual matter; it does not rely on an external organization. Rather, spirituality is an experience of depth in life, it is living life with heart rather than just superficially. For some, spirituality involves a belief in a God. For others, it takes different forms. But in any case, spirituality is an experience that there is something more to life than just our narrow, ego-oriented view of it.

People who have developed the spiritual side of their life typically have a quality of lightness, appreciation and humor. They bring a sense of “all-rightness” and optimism to life, even in the face of problems. They don’t take themselves too seriously. They are fully alive, and they radiate this aliveness to others.

Many believe business ethics is a recent phenomenon because of increased attention to the topic in popular and management literature. However, business ethics was written about even 2,000 years ago — at least since Cicero wrote about the topic in his On Duties. Business ethics has gotten more attention recently because of the social responsibility movement that started in the 1960s.