Plato's theory of forms suggests that abstract concepts like peak performance exist as ideal forms that are copied but never fully realized in the material world. The document argues that modern management could benefit from separating abstract forms like value and commitment from subjective interpretations, and instead managing by the objectivity of the forms themselves. It proposes future research merging Plato's theory of forms with positive psychology and modern management to elevate business practices to a "higher realm".

1. Plato's theory of forms and
Modern Management
Practices
Sandeep Kulshrestha

2. The premise
• A form is an abstract quality
• Theory of Form meant to solve the ethical
problem and that of permanence and change
• The forms are more material than the
material objects
• Objectivity is the only real thing

3. Few Examples of "Forms" in
business setting
• Edge over the competition
• Peak Performance
• Joy at workplace
• Value for the shareholders
• Commitment

4. Applicability of Plato's
theory (example)
• Peak performance is an abstract quality
which is created as an "ideal" form. It is
copied but never realised
• Peak performance as a form will not change
but its applicability would as people start
defining it with their own subjectivity

5. What should be the new
management paradigm
• Management by Objectivity
Trying to get the objectivity in everything
and separating the form with the individual

6. Future Scope for Research
• Merger of Plato's theory of the form with
Positive Psychology applications along with
modern management thought
• There is a need of going on a "higher realm"
in Business Management and Leadership

7. Thank You