The 8th edition of the Annual International Conference on Sustainability (SUSCON) of IIM Shillong was held during July 26-30, 2021. The conference was organized around the theme: Holism, Harmony & Happiness. The principles of Holism, Harmony and Happiness have been the very basis of natural systems that have thrived for billions of years. The conference propounded the idea that it is time for humanity to imbibe these principles to ensure its continued existence, i.e., its sustainability. SUSCON is the prime vehicle of the movement of Sustainability that IIM Shillong has integrated into its curriculum and all its academic programmes and initiatives since inception. The conference saw participation from many eminent academicians and practitioners, who brought in insights, experiences and rigour to the exploration of the concept of Sustainability covering its multiple dimensions. In this issue, we include four articles that were presented at the conference. In the article, Zoroastrian Ethics in Business, Anindo Bhattacharjee and Sandeep Singh dig deep into some of the salient values of Zoroastrianism that could contribute to the field of Business Ethics. They also provide an illustrative framework that might be useful for future research on Zoroastrian ethics, which remains a less understood and a rarely focused area in the context of Business Ethics. The article by Nishi Malhotra and Pankaj Baag, Process view of Peer Monitoring through theoretical lens of Agency theory, is organized as a review of literature wherein they try to understand how peer monitoring, selection, and enforcement might help formal financial institutions to overcome moral hazards and adverse Selection issues that come up while working with disadvantaged borrowers in an agency relationship. In New Earth Sastra for Harmonic Globalization and Sustainable Development, Subhash Sharma posits that the evolution of societies and management thought can be viewed in terms of emergence of four forces that are now influencing our nations, corporations, social institutions and us as individuals. He discusses how these forces are influencing the future of humanity and why we need to have newer business models for corporate social responsibility and governance. In their article, The Potential Role of Irrationality and Behavioural Nudges in Entrepreneurship Development Policies in India, Arnab Banerjee and Pradeep K. Jain have tried to understand entrepreneurship in the Indian context and validate the claim that there is still a need for its advocacy. Further, the authors use the notions of irrationality and behavioural economics to suggest a more effective and sustainable policy framework, by explaining entrepreneurship as a process such as the Trans-theoretical Model.
I would like to take this opportunity to thank the members of the advisory and editorial board for their support and encouragements. I express my gratitude to all the anonymous reviewers who devoted much of their precious time reviewing all the papers submitted to this issue. I also thank all authors who contributed to this special issue. I hope you will enjoy reading the issue and find it informative and helpful.