MANAGEMENT

THE CHANAKYA WAY

GROUP MEMEBERS
ANURADHA MAHAJAN RAJAT AGARWAL SONALI PATANGE NEHA RAMWANI MOHIT SHARMA

CONTENTS
BACKGROUND SEVEN PILLARS OF AN ORGANISATION FIVE BASIC ELEMENTS OF MANAGEMENT CHANAKYA NITIS VS JIM COLLINS STUDIES SIX STRATEGIES TO DEAL WITH COMPETITION

CHANAKYA - BACKGROUND
Estimated to have lived from 350 B.C. - 283 B.C. Touted as the "Pioneer Economist of India" An adviser and Prime Minister of Emperor Chandragupta He was a professor at the University of Takshila He was an expert in commerce, warfare, economics He is well known for his works namely, Nitishastras, Arthashastra, Chanakya Niti His famous work called Arthashastra is a classic example of statecraft and politics and is read in Europe even today

SEVEN PILLARS OF AN ORGANIZATION

As per the Arthashatra, the constituent elements of a state are; The King (The Leader): The Visionary, the Captain, the man who guides the organisation The Minister (The Manager): The person who runs the show - the second-in-command of an organisation The Country (Your Market): The area of your operation The Fortified City (Head Office): A control tower - a place from where all planning is done and strategies are made

SEVEN PILLARS OF AN ORGANIZATION

The Treasury (Your Finances): Your treasury is your Financial Hub The Army (Your Team): The army consists of your team members The Ally (Friend/Consultant): The one who can stay close and identify your problems

FIVE BASIC ELEMENTS OF MANAGEMENT

The most refined view of management in five pointers in Verse 42 of Chapter 15 of the Book Arthashastra The Means of Starting Undertakings (Assignments / Projects): We need some project, or an assignment, in order to start managing The Excellence of Men and Materials: To make resources at the discretion of a Manager
Highly Productive Men Ensure the optimum utilisation of materials

Deciding Suitable Place and Time: Management is all about deciding the right place and the right time to make our moves

FIVE BASIC ELEMENTS OF MANAGEMENT

Provision Against Failure: Every move has to be carefully planned, taking into consideration two alternatives & therefore, a backup plan for each move
the best-case scenario of success and the worst situation of total failure

Accomplishment of the work: Finally, Management is all about getting 'results'. It is very important to set a parameter to check if one has actually achieved what one set out to

SIX STRATEGIES TO DEAL WITH COMPETITION

SANDHI: Get into the contract for peaceful running of business and not to harm each other VIGRAHAM: Competition between the organizations ASANAM: Waiting for proper time SHARANAM: Providing shelter YAANAM: Acquiring new territories DWAIDHI BHAAVA: Dual policy

JIM COLLINS - BACKGROUND

Born on January 25, 1958 (age 54) at Boulder, Colorado, United States Occupation : Management Consultant and Writer Most recent book, GOOD TO GREAT: Why Some Companies Make the Leap & And Others Don't
 Attained long-running positions on the New York Times, Wall Street Journal and Business Week best seller lists, has sold 3 million hardcover copies since publication  Has been translated into 35 languages, including such languages as Latvian, Mongolian and Vietnamese

SIMILARITY BETWEEN CHANAKYA & JIM COLLINS

ELEMENTS CHANAKYA
Qualities in Great Leaders; Self-discipline Integrity Courage Decisiveness Sensitivity towards others Humility Selflessness

JIM COLLINS
Intense will and humility - most important characteristics of leaders in the 21st century Until today s leaders make the transition to develop intense will and humility, their ethic deficiencies will negatively affect the performance and sustainability of their organizations Claims organizations are in desperate need of greater discipline: Disciplined Planning Disciplined People Disciplined Governance Disciplined Allocation of Resources

Leadership

Planning

Stressed the need for planning, Says that a failure to plan is a plan to fail People should be firm about the goal but flexible with the process of achieving it

SIMILARITY BETWEEN CHANAKYA & JIM COLLINS

ELEMENTS CHANAKYA
Knowledge is important and cumulative, and that small differences in ability can lead to enormous differences in results

JIM COLLINS
Leaders should have the humility to admit what they don t know, and diligently pursue the knowledge

KNOWLEDGE

RESULT & SUCCESS

Success is no accident; it results from Success comes through focus well thought actions aligned with on the Hedgehog Concept , focused vision the intersection of each To sustain success, organizations must organization s unique passion, implement a reliable system to collect best-in-the-world ability, and real feedback and put corrective economic engine actions into place Organizations that know their Hedgehog and operate within it are far more successful than those that don t

CONCLUDING
Though Chanakya lived 2,400 years ago, he was one of the Great Leader and a Management Guru He was responsible for the creation of one of the most successful empires in the history of India His principles and techniques continue to resonate even today And his books are considered as one of the Oldest Management Book

THANK YOU