In other words, the interface of values education with the study of various conventional knowledge areas including management has become the need of the day. Furthermore, values are enshrined into spirituality which has been the essence of most religions.

I consider a value as a belief on which a person acts by an ethical preference. Also, values put meaning to our existence and guide our righteous relationship and behaviours. In many ways values are inherent in the structure of our spiritual reality; they have their own justification; and they transcend un-analyzed and un-questioned worldly ways of living and behaving.

In late 1980s and early 1990s, some attempts were made in India for values education in schools but the efforts were half-hearted. It was promoted as a course for spiritual, moral and social development students and as a school-based initiative for values education. But, schools were clueless how to go about effective values education. The lack of innovative teaching approaches and pedagogies led to the disenchantment with values education.

The inseparable link between education and values in evident in the nature and aim of education for an holistic development of individuals. Therefore, it is one of the aims of education to deal with the meaning of life and making it values-based. In this light, value-orientation of education in various knowledge areas, including management sciences, becomes imperative.