Professor Neil Malhotra of the Stanford GSB expert on business ethics and non-market strategy says in an interview published in BNET – “Most business schools have some required ethics class, but a lot of students haven’t taken it seriously……a lot of students think, ‘Ethics is a constraint on profits’. The bigger concern with ethics, though, is a lot of these firms [who did not pay enough attention to ethics] just don’t exist anymore, potentially because some practices were unethical. Lehman Brothers doesn’t exist. Enron doesn’t exist because some practices were unethical.
A Response from the students at Harvard Business School. Student Oath!
Here’s what Peter Escher, one of the Harvard Business School students behind the MBA Oath has to say CNN – “We were thinking about how to respond to the financial crisis taking place around us and some of the accusations about how HBS was preparing MBAs for the ethical dilemmas taking place in the business world,” The uncomfortable fact is that many of the business leaders who played a part in the current financial crisis are MBAs. Jeffrey Skilling, the disgraced former CEO of Enron, earned their MBA at HBS.
“Above all do no harm”
The oath was inspired out of a recent Harvard Business Review article by HBS professors Nitin Nohria and Rakesh Khurana calling on reforming business management education. In this context also do read the two professors insightful article titled “Its time to make management a true profession”.
The Oath is a voluntary expression of the voice of the students?
Many may have made fun of this oath initiative by the HBS students but to me it reaffirms my faith in the young students who I feel are the only hope to bring in a ‘Change’ in the new world.
Business Ethics program at TASMAC, Pune
I wish to share some pictures of a Business Ethics program conducted recently at Tasmac (Pictures taken kind courtesy Pratik Gore).
Business ethics was introduced in Tasmac from its very first course 10 years ago. Great emphasis is given by Tasmac to this program to bring an awareness in the the budding MBAs.
The pictures and the expressions of the students speak for themselves.
Please do give your critical comments or suggestions on how to enhance the value creation potential of MBA programs in Business Ethics. Thanks.