EXCEL International Journal of Multidisciplinary Management Studies
Year : 2012, Volume : 2, Issue : 5
First page : ( 29) Last page : ( 36)
Print ISSN : 0000-0000. Online ISSN : 2249-8834.

Importance to maintain a level of secrecy in corporate sector in the background of arthasastra

Smt. Mahapatra Debashree*, Dr. Das Sanjit Kumar**

*Lecturer in Sanskrit, Jhargram Raj College, Jhargram, West Bengal

**Reader in Commerce, Bhairab Ganguly College, Belghoria, Kolkata-700056

Abstract

This paper reasons with the importance of maintaining secrecy at level in business and corporate sector even when the society demands with pitches for openness and transparency. In the climate of rampant corruption and lack of reliability in higher eulachon of society this demand is welcome. However, camouflaging and expressing one‘s identity are some of the basic traits of any living creature developed from the survival instinct. This trend persists remarkably in corporate sector existing in a world of competition. Therefore, from stage of conceptualization to profit-making or from the stage of market survey to marketing a company has to frame policies to capitalize the situation to the maximum extent through consultation with the trusted officials and employees, those remain mainly confidential. In this context, this paper would concentrate on the directions of Kautily, the author of Arthasastra who probably appeared in Mauryan era around 2400 years back, only because he is very relevant in this present context. Arthasastra is a treatise on royal administration where the king is in the helm of the system. It may be shown how the suggestions of Arthasastra are really helpful to run a corporate administration where the maintaining secrecy plays a vital role.

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