Kautilyas Arthashastra For Corporates

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 Responsible for the defeat of Alexander in India • Kautilya’s Arthashastra & Chanakya Niti – Documented towards the end of his life

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’

Management Topics in Arthashastra • Principles of Management • Management Education • Accounting systems • Corporate Governance • Time Management • Leadership Skills

• Contracts • Selection of Employees • Consulting • Strategic Management • Handling competition • Expansion of Territory etc

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

Definition and the Basic elements of Management

1. The means of starting undertakings (assignments/ projects) 2. The excellence of men and materials 3. Deciding suitable place and time 4. Provision against failure 5. Accomplishment of the work •  (1.15.42)

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)

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)

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)

Handling Employees

• • • • •

Theory of Motivation Sama (counseling) Dana (offering of gifts) Danda (Punishments) Bheda (creating a split)

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)

Why is information required ? 1. To know what is not known 2. Finding out the rest in a matter which is partly known 3. Definite strengthening of what has become known 4. Removal of doubt in case of 2 possible alternatives • (1.15.20-21)

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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