Sunday, September 23, 2012

Money for More Money

"The objective of any king is to create, expand, protect and enjoy wealth"

According to chanakya, the role of a leader is to create wealth for all the stakeholders of the organization, the employees and for himself to enjoy.

He should not be satisfied with what he has got. He should constantly think of how to expand his territories and reach new markets

Chanakya says "Just as elephants are needed to catch elephants, so does one need wealth to capture more wealth"

This is old but a very important aspect, of wealth creation. There's an old saying - there's no business that can create wealth without any investment. Chanakya conveys the message with the elephant catching example.

Having produced wealth, the leader should know how to protect it. Chanakya says "The leader should constantly hold an inspection of their works, men being inconsistent in their minds."

The employees are primarily concerned with thir salaries. An attitude of complacency can crop up if a regular and vigilant check is not kept on them. The reason is quite obvious. The human mind is very unpredictable. No organization quantity reach its goal without a continuous push and pull system.

Chanakya says "All state activities depend first on the treasury. Therefore the king should devote the. Est attention to it."

Chanakya proposes a daily timetable for the king. He says during the first half of the day, a king should check the accounts of income and expenditure of the state. It is only after doing this he is advised to look into the affairs of the citizens.

Canakya teaches not to get carried away by the regular problems faced by the subordinates. Once a leader enters his office, he should just take control of the financial status by monitoring the financial reports first.