Title: Chanakya's 'Arthashastra': management practices by Indian values

Authors: Jayant Sonwalkar; Chandan Maheshkar

Addresses: Institute of Management Studies, University of Indore, India ' Institute of Management Studies, University of Indore, India

Abstract: India is the country with the longest history. It is the world's most culturally varied country. Athashastra is the ancient book by Chanakya presented a balanced socio-economic and political structure of ancient India. Revelation of the texts in the Arthashastra informs a range of concepts of administration, economic development, management principles and practices, and society. This study presents the management practices propounded in this ancient scripts of Arthashastra and has compared with the modern practices of management.

Keywords: Arthashastra; Chanakya; management practices; manager characteristics; Indian thought on management; value-based management; ancient management; management competencies.

DOI: 10.1504/IJICBM.2018.092120

International Journal of Indian Culture and Business Management, 2018 Vol.16 No.4, pp.460 - 473

Received: 23 Jun 2016
Accepted: 22 Feb 2017

Published online: 02 Apr 2018 *

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