Back in 4th century B.C., a philosopher-statesman
Chanakya a.k.a. Kautilya wrote the first few principles of
administrative management. Widely regarded as India’s first
economist, his
management theories guided royalty from times immemorial.
Kautilya documented his life’s labour in the
Arthashastra, a list of principles that would ensure sound governance. The book is known more for its contents on
economy and
polity, but also contains advice on
financial management and
administration. While a lot of his management principles have been subject to extensive study, his
leadership lessons are also more than relevant in today’s society.
Business Insider India unfurls a bounty of Vedic wisdom from Chanakya for modern day managers and administrators.
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