Lessons beyond #Technology and #"B-

Schools"

Jul 2, 2015

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Today everyone is in a mad rush to make millions in a jiffy. However there is nothing wrong

in making millions/billions but how you make it ,certainly matters!.

This applies to both at individual level and also the Organization leaders, because it has a

direct impact on both sides of the coin. Tomorrow’s business leaders will need to be nimble

and able to incorporate all aspects of good decision making in an increasingly global and

complex business environment.

Ethical leadership is vital to the future of businesses around the world. Today’s executives

should take an active role with Top notch technology and business schools to ensure that

current students are fully prepared for the responsibility and authority they will take on.

Can ethics be taught? Yes it can, and yes it

should. The whole purpose of education is to help individuals develop their judgment.

Judgment is about making decisions among choices and ethics, at the basis level, is about

making choices.

Ethics can help students understand the dangers of rationalization. A lot of bad behaviour

goes on because good people tell themselves that such behaviour is not, in fact, bad. In the

vast majority of cases, such rationalizations are rooted in very poor reasoning—reasoning

that, if made explicit, would clearly and transparently be untenable. A course in ethics gives

students an opportunity to look at some of the most important rationalizations, in order to

examine them under the cold,dispassionate light of logic.

We don’t need to worry about turning bad people into good people. Most wrongdoing in

corporate settings is actually done by good, honest folks who make bad choices, sometimes due

to spectacular pressure and often aided by a range of self-serving rationalizations. When the

pressure is on to “make the numbers,” it can be awfully appealing to tell yourself that

“everybody does it” and that “no one is really getting hurt, anyway.”

Our world is rapidly changing – and the changes affect every business, every industry, and

every country. The future growth and competitiveness of businesses around the globe are at

stake. The business world eagerly awaits tomorrow’s strong and ethical leaders.

High-profile downfalls of corporate CEOs are not a new phenomenon :

The Rise and Fall stories.

Most recent one in India, Rahul Yadav of Housing.com. Venture capitalists having pumped in

$140 million into Housing.com till now, finally exhausted their patience: Not with the money

which they had invested, but with the person on whom they trusted their beliefs. REASON...Not

on performance but inappropriate behaviour towards stakeholders,ecosystem and media.

Kenneth Lay of Enron’s downfall, and the imprisonment of several of its leadership group, was

one of the most shocking and widely reported ethics violations of all time. It not only bankrupted

the company but also destroyed Arthur Andersen, one of the largest audit firms in the world.

Ramalingam Raju of Satyam computers: The Satyam Computer Services scandal was a

corporate scandal that occurred in India in 2009 where chairman Ramalinga Raju confessed that

the company's accounts had been falsified. The Global corporate community was shocked and

scandalised when the chairman of Satyam, Ramalinga Raju resigned on 7 January 2009 and

confessed that he had manipulated the accounts by US$1.47-Billion.

Rajat Gupta of Goldmansach group Inc. Rajat Gupta's impending journey into the federal

prison system for criminal insider trading ends a remarkable success story and punctuates his

swift fall from grace.

Latest one being, Toshiba's chief executive and president Hisao Tanaka has resigned after the

company said it had overstated its profits for the past six years.

The list can go on and on ...............................................

To conclude : Humble, Collaborative, reflective,self aware and adaptable are some of the key

behavioral traits needs to be nurtured by the Industry captains.