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Management Practices from ‘Kautilya’s Arthashastra’ (Written by Chanakya, The world’s first Management Guru) ‏

Management Practices from ‘Kautilya’s Arthashastra’ (Written by Chanakya, The world’s first Management Guru) ‏. Who was Chanakya ?. Born in 3 B.C. Vishugupta – Kautilya – Chanakya Pulled down Nanda Dynasty King maker – Chandragupta Maurya

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Management Practices from ‘Kautilya’s Arthashastra’ (Written by Chanakya, The world’s first Management Guru) ‏

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  1. Management Practices from ‘Kautilya’s Arthashastra’ (Written by Chanakya, The world’s first Management Guru)‏

  2. Who was Chanakya ? • Born in 3 B.C. • Vishugupta – Kautilya – Chanakya • Pulled down Nanda Dynasty • King maker – Chandragupta Maurya • Responsible for the defeat of Alexander in India • Kautilya’s Arthashastra & Chanakya Niti – Documented towards the end of his life

  3. Kautilya’s Arthashastra • Written in Samskrit • Contains 15 books, 150 chapters and 6000 sutras (shlokas)‏ • Covers over 180 topics. Known as a Book of Economics, state craft, Management, warfare, strategy etc • It’s a Book of ‘Total Management’

  4. Contracts Selection of Employees Consulting Strategic Management Handling competition Expansion of Territory etc Management Topics in Arthashastra • Principles of Management • Management Education • Accounting systems • Corporate Governance • Time Management • Leadership Skills

  5. Sample of Verses related to Management Topics in ‘Kautilya’s Arthashastra’

  6. Definition and the Basic elements of Management • The means of starting undertakings (assignments/ projects)‏ • The excellence of men and materials • Deciding suitable place and time • Provision against failure • Accomplishment of the work •  (1.15.42)‏

  7. Wealth Creation • “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)‏

  8. Corporate Governance • “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)‏

  9. Selection of Employees Appointment of trainees A ‘trainable’ person is the one who has the following qualities 1.Desire to learn 2.Effective listening ability 3.Ability to reflect (think from all angles)‏ 4.Ability to reject false views 5.Intentness on truth not on any person  (1.5.4-5)‏

  10. Handling Employees • Theory of Motivation • Sama (counseling)‏ • Dana (offering of gifts)‏ • Danda (Punishments)‏ • Bheda (creating a split)‏

  11. Role of a Consultant • Consultation • “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)‏ • Therefore sit and counsel with those who are matured in intellect ( 1.15.20-21)‏

  12. Why is information required ? • To know what is not known • Finding out the rest in a matter which is partly known • Definite strengthening of what has become known • Removal of doubt in case of 2 possible alternatives • (1.15.20-21)

  13. SWOT Analysis • “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)‏

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