Kautilyas Arthashastraforcorporates

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Kautilyas Arthashastraforcorporates

  1. 1. Management Practices from ‘ Kautilya’s Arthashastra’ (Written by Chanakya, The world’s first Management Guru)‏
  2. 2. Who was Chanakya ? <ul><li>Born in 3 B.C. </li></ul><ul><li>Vishugupta – Kautilya – Chanakya </li></ul><ul><li>Pulled down Nanda Dynasty </li></ul><ul><li>King maker – Chandragupta Maurya </li></ul><ul><li>Responsible for the defeat of Alexander in India </li></ul><ul><li>Kautilya’s Arthashastra & Chanakya Niti – Documented towards the end of his life </li></ul>
  3. 3. Kautilya’s Arthashastra <ul><li>Written in Samskrit </li></ul><ul><li>Contains 15 books, 150 chapters and 6000 sutras (shlokas)‏ </li></ul><ul><li>Covers over 180 topics. Known as a Book of Economics, state craft, Management, warfare, strategy etc </li></ul><ul><li>It’s a Book of ‘Total Management’ </li></ul>
  4. 4. Management Topics in Arthashastra <ul><li>Principles of Management </li></ul><ul><li>Management Education </li></ul><ul><li>Accounting systems </li></ul><ul><li>Corporate Governance </li></ul><ul><li>Time Management </li></ul><ul><li>Leadership Skills </li></ul><ul><li>Contracts </li></ul><ul><li>Selection of Employees </li></ul><ul><li>Consulting </li></ul><ul><li>Strategic Management </li></ul><ul><li>Handling competition </li></ul><ul><li>Expansion of Territory etc </li></ul>
  5. 5. Sample of Verses related to Management Topics in ‘ Kautilya’s Arthashastra’
  6. 6. Definition and the Basic elements of Management <ul><li>The means of starting undertakings (assignments/ projects)‏ </li></ul><ul><li>The excellence of men and materials </li></ul><ul><li>Deciding suitable place and time </li></ul><ul><li>Provision against failure </li></ul><ul><li>Accomplishment of the work </li></ul><ul><li>  (1.15.42)‏ </li></ul>
  7. 7. Wealth Creation <ul><li>“ Wealth will slip away from the foolish person, who continuously consults the stars; for wealth is the star of wealth; what will the stars do? Capable men will certainly secure wealth at least after a hundred trails” ( 9.4.26)‏ </li></ul>
  8. 8. Corporate Governance <ul><li>“ In the happiness of the subjects lies the benefit of the king and in what is beneficial to the subjects is his own benefit” – (1.19.34)‏ </li></ul>
  9. 9. Selection of Employees <ul><li>Appointment of trainees </li></ul><ul><li>A ‘trainable’ person is the one who has the following qualities   </li></ul><ul><li>1.Desire to learn </li></ul><ul><li>2.Effective listening ability </li></ul><ul><li>3.Ability to reflect (think from all angles)‏ </li></ul><ul><li>4.Ability to reject false views </li></ul><ul><li>5.Intentness on truth not on any person </li></ul><ul><li>  (1.5.4-5)‏ </li></ul>
  10. 10. Handling Employees <ul><li>Theory of Motivation </li></ul><ul><li>Sama (counseling)‏ </li></ul><ul><li>Dana (offering of gifts)‏ </li></ul><ul><li>Danda (Punishments)‏ </li></ul><ul><li>Bheda (creating a split)‏ </li></ul>
  11. 11. Role of a Consultant <ul><li>Consultation </li></ul><ul><li>“ All undertakings should be preceded by consultation. Holding a consultation with only one, he may not be able to reach a decision in difficult matters. With more councilors it is difficult to reach decisions and maintain secrecy” (1.15.2,35,40)‏ </li></ul><ul><li>Therefore sit and counsel with those who are matured in intellect ( 1.15.20-21)‏ </li></ul>
  12. 12. Why is information required ? <ul><li>To know what is not known </li></ul><ul><li>Finding out the rest in a matter which is partly known </li></ul><ul><li>Definite strengthening of what has become known </li></ul><ul><li>Removal of doubt in case of 2 possible alternatives </li></ul><ul><li>(1.15.20-21) </li></ul>
  13. 13. SWOT Analysis <ul><li>“ After ascertaining the relative strength or weakness of powers, place, time, revolts in rear, losses, expenses, gains and troubles, of himself and of the enemy, the conqueror should march” (9.1.1)‏ </li></ul>
  14. 14. For Training / Consultancy Contact : <ul><li>Radhakrishnan Pillai </li></ul><ul><li>ATMA DARSHAN </li></ul><ul><li>www.atmadarshan.com </li></ul><ul><li>[email_address] </li></ul><ul><li>91-98203 74796 / 98198 25474 </li></ul>
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