Corporate Chanakya of Management

 Hello, guys today instead of sharing with you different marketing strategies and other marketing concepts. I will be sharing with you a review of a book 'Corporate Chanakya of Management' by Radhakrishnan Pillai.


 Radhakrishnan Pillai, fondly known as CHANAKYA Pillai, He is a teacher to his students, an author to his readers, a management trainer, consultant and guide to his clients. He has been awarded with the Sardar Patel National award for this research on Chanakya and his principles.


Corporate Chanakya of Management by Radhakrishnan Pillai holds a record for being a book with highest number of pre-release sales for any first book of an author.

This book talks about the essentials of management like leadership, courage, economics, teambuilding and so on. 

Through this book Radhakrishnan Pillai has interpreted the wise teachings of Chanakya,


Who is considered as the wise master of Politics , Economics and a renowned master of Management which can be understood by the book ' The Arthashastra' where he has documented his idea of Management. By taking  inspiration from Chanakya, Radhakrishnan Pillai has interpreted his teachings  as per our modern times.

 The book is divided into four sections i.e. Employees, Finance, Teamwork and Strategy and under each section there are short chapters which  includes guidelines on varieties of topics under these sections.

 Like it guides about taking care of employees, reducing employee turnover, selecting right business partner, maintaining public relations, constantly educating yourself, working in new regions and time management.


In the first section of the book, the author asks managers to work on their people, only then their people will work for them. Through this statement the author asks the manager's to go and communicate with the employees in an informal way like friends. Don't make them feel like you are only considered about giving orders to them and get the work done by them. If a manager is able to get the problems and feelings of employees and helps him in solving them. Then nothing can stop the manager from becoming a leader which will help in the growth of the organisation. 

 The author explains that niether the brand nor  the salary  can retain people, organization should be able to give the human touch. For this he asks managers to understand and become totally aware of what the employees think. He clarifies that for understanding the minds of it's people organization needs to get involved in HR processes as outsourcing it to an agency may not help. 

Author points out that, people don't leave companies they leave their bosses. 


That is why top management needs to understand the relationship of employees with their immediate boss.


In the second section, the author suggests managers to focus on cash flow. He states that managers should be sure of their plan and build a model where the cash flow is regular and sustainable. Besides making a model, managers should properly implement them by training the employees and audit it from time to time to ensure that things are in place. Author warns the managers about athe credit card's  “buy now, spend later” philosophy. This encourages to spend money in a reckless manner and can be dangerous if bills are not paid in time. The idea that he communicates in finance section is to create financial stability so that you can take bigger risks, invest in new ventures for strategic benefit.


In the third section,  the author emphasizes on teamwork. For this he clarifies managers must have great PR or Public Relations,  it includes relationships that the manager maintains with his clients, suppliers, shareholders, employees, and every other person you come in contact with. He states that excelling in teamwork, managers will be clear about what they want and they should be able to communicate the same to bring alignment. The most important lesson he provides is that too much dependency on one person is very dangerous.


 In the fourth section,  the author explains about the need of strategy to succeed in any business. He guides how one can become more strategic and plan his or her own and company’s growth. He adds that the mind is like a parachute, it works only when it is open. He also advises how to handle multiple projects in this competitive world. He elaborates the need of learning politics, and also shows the way how managers can learn that. Besides that author explains the need of disaster management, managers should remain proactive and prepare for both man-made and natural calamities.

     Though This book provides lot's of suggestions to the manager's about how they can help in the growth of the organisation but still it's rating is 3.7/ 5 because these teachings vary from one organisation to another. Moreover, who can ever study the mind's of all the humans. But this does not mean that the teachings of this book is a not applicable in real world. It is applicable in the real world but to some extent.

        Thank you guys for your support and wait for my next blog. 

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                   This is S. Merchant signing off.
                           
                                S.Merchant


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