Role of leader in corporate Sector: An insight to Arthashastra

The basic objective of corporate management is to scientifically handling of various elements of management. The success of corporate sector depends on the efficiency of the leader of the organization in utilizing the available resources within and outside of the company. There are stark similarities between administrative structures of present day modern organizations and governing a monarchy as depicted by Kautilya in Arthashastra. Kautilya has directed that a king (may be identified as a leader or CEO in the context of organisation) should try to establish a welfare nature of state with a key role in the protection and promotion of the economic and social well-being of its citizens (arthamulau hi dharmakamaviti). Kautilya's Arthasastra can also be called as a treatise on leadership and it gives more values on leadership than any other subject.