MANAGEMENT LESSONS FROM ANCIENT KNOWLEDGE SYSTEM-ARTHASHASTRA AND THIRUKKURAL.pdf
- 2. ARTHASHASTRA AND THIRUKKURAL ● LEADERSHIP AND GOVERNANCE ● STRATEGY AND PLANNING ● HUMAN RESOURCE MANAGEMENT ● FINANCE AND ECONOMICS ● ETHICS AND INTEGERITY ● DESICION - MAKING ● RISK MANAGEMENT ● ORGANISATIONAL CULTURE ○ ● LEADERSHIP AND GOVERNANCE ● STRTEGY AND PLANNING ● HUMAN RESOURCE MANAGEMENT ● FINANCE AND ECONOMICS ● DISICION MAKING ● TEAM WORK AND COLLABORATION ● CUSTOMER FOCUS ● PERSONEL DEVELOPMENT
- 3. ARTHASHASTRA "Arthashastra," an ancient Indian treatise on statecraft, economic policy, and military strategy written by Kautilya (also known as Chanakya) Leadership and Governance : 1. Lead by example: A leader's character sets the tone for the organization. 2. Appoint capable ministers/advisors: Surround yourself with knowledgeable and experienced people. 3. Encourage open communication: Foster transparency and honest feedback.
- 4. Finance and Economics 1. Manage finances prudently: Balance revenue and expenses. 2. Encourage economic growth: Foster entrepreneurship and trade. 3. Monitor and control expenditure: Prevent waste and corruption. Ethics and Integrity* 1. Uphold fairness and justice: Ensure impartial decision-making. 2. Protect confidentiality: Maintain secrecy and trust. 3. Avoid conflicts of interest: Separate personal and professional interests.
- 5. Strategy and Planning 1. Set clear goals and objectives: Align actions with organizational purpose. 2. Conduct SWOT analysis: Assess strengths, weaknesses, opportunities, and threats. 3. Adapt to changing circumstances: Stay flexible and responsive. Human Resource Management 1. Hire based on merit: Select talented and skilled individuals. 2. Train and develop employees: Invest in continuous learning. 3. Motivate through incentives: Reward performance and achievements.
- 6. Decision-Making 1. Gather relevant information: Consult experts and data. 2. Weigh options and consequences: Analyze potential outcomes. 3. Make timely decisions: Avoid procrastination. Risk Management 1. Identify potential risks: Anticipate challenges. 2. Develop contingency plans: Prepare for uncertainties. 3. Mitigate risks proactively: Address issues before they escalate.
- 7. Organizational Culture* 1. Foster teamwork and collaboration: Encourage unity. 2. Promote innovation: Encourage creativity. 3. Reward loyalty and dedication: Recognize commitment “Arthashastra" offers timeless wisdom for effective management, emphasizing the importance of leadership, strategy, ethics, and adaptability.
- 8. THIRUKKURAL Thirukkural," an ancient Tamil wisdom text written by Thiruvalluvar, Leadership and Governance* 1. Lead with integrity (Kural 131): Leaders must uphold moral principles. 2. Empower subordinates (Kural 471): Delegate tasks and trust team members. 3. Foster open communication (Kural 451): Encourage honest feedback.
- 9. Strategy and Planning 1. Set clear goals (Kural 381): Establish well-defined objectives. 2. Plan ahead (Kural 462): Anticipate challenges and opportunities. 3. Adapt to change (Kural 483): Stay flexible in dynamic environments. Human Resource Management 1. Hire based on merit (Kural 411): Select talented and skilled individuals. 2. Develop employees (Kural 421): Invest in continuous learning. 3. Recognize and reward performance (Kural 441): Motivate through incentives.
- 10. Finance and Economics 1. Manage finances prudently (Kural 371): Balance revenue and expenses. 2. Encourage entrepreneurship (Kural 541): Foster innovation and growth. 3. Prevent waste and corruption (Kural 561): Monitor and control expenditure. Ethics and Integrity 1. Uphold fairness and justice (Kural 131): Ensure impartial decision-making. 2. Protect confidentiality (Kural 151): Maintain secrecy and trust. 3. Avoid conflicts of interest (Kural 171): Separate personal and professional interests.
- 11. Decision-Making 1. Gather relevant information (Kural 241): Consult experts and data. 2. Weigh options and consequences (Kural 261): Analyze potential outcomes. 3. Make timely decisions (Kural 281): Avoid procrastination. Teamwork and Collaboration 1. Foster unity (Kural 301): Encourage teamwork. 2. Promote diversity (Kural 321): Value diverse perspectives. 3. Empower teams (Kural 341): Delegate authority.
- 12. Customer Focus 1. Understand customer needs (Kural 401): Listen to customer feedback. 2. Deliver quality service (Kural 421): Exceed customer expectations. 3. Build long-term relationships (Kural 441): Nurture customer loyalty. "Thirukkural" offers timeless wisdom for effective management, emphasizing leadership, strategy, ethics, and teamwork.