Abstract

In the historical progress of nations, economic wealth plays an important role as well as prosperity in social and cultural make-up. When the entire Turkish history is considered, we come across with the institution of Akhism that is both related to the regulation of sociocultural life as well as to the operation of business life within the framework of certain principles and rules. Even though Akhism has aspects in parallel with today’s management philosophies, history has not been immutable and economical activities have changed since the thirteenth-century establishment of Akhism. This theoretical study intends to introduce Akhism that stands as a turning point in Ottoman history in social, cultural and economical aspects. Then the purposes of the institution, its principles and historical progress will be outlined. Furthermore, Akhi associations as well as conflicts with total quality management, social responsibility and corporate culture will be diagnosed.