Today, we are in an age of disruption. Global crises challenge just about every aspect of society – finance, food, fuel, water, resources, poverty. The list goes on and on.
Yet this disruption brings with it the possibility of profound personal, societal and global renewal. We need to stop and ask ourselves why we collectively create results that nobody wants? What keeps us locked into the old ways of operating? And, perhaps most importantly, what can we do at a societal level, but specifically in business schools, to transform these patterns so that we are no longer locked in the past?
Business and ethics needn’t be mutually exclusive, says Leigh Hafrey, senior lecturer in Communication and Ethics at the MIT Sloan School of Management. The longtime expert in professional ethics sat down with genConnect at the 2012 Aspen Ideas Festival in Aspen, CO to talk about why “value-based leadership” is so important, particularly in the 21st century.
Recently MIT Sloan alumna Judy Lewent was inducted into the Financial Executives International Hall of Fame. A former executive vice president and chief financial officer of Merck, Lewent was recognized for her performance, leadership and integrity as a financial professional who has made significant contributions to the betterment of her organization and profession. The following is an excerpt of her remarks at the event:
“It is a momentous time for finance. As the global economy teeters on the brink, much of the world stands by holding its collective breath. This is, no doubt, a time of great anxiety. That anxiety is shared, not just by 50% of the public or 75% or even 99%. Everyone shares it.
The President of the United States, major news media, bloggers, bankers, stand-up comics, and people all around the world are shaking their heads and wondering what the Occupy Wall Street (OWS) protest is all about. Is it a display of leadership or anarchy, revolution or Sunday in the park? And the answer is, we just don’t know yet. This is a new form of drama that is just beginning to play itself out.
Many pundits argue that this is a leaderless protest. But this view of leadership is stuck in the old model of the single heroic leader in command and control mode. What we are witnessing is a different leadership model-distributed leadership. Here multiple leaders take on various leadership activities in an attempt to move toward the collective good. Read More »
LinkedIn’s recent IPO is generating tremendous buzz in the world of high-tech and the financial markets. Doubling your stock price doesn’t happen every day, so company euphoria is completely understandable. In fact, passing around the champagne and caviar is a good thing. Company employees should be able to party when good news abounds; celebrating success helps build morale and team cohesion. It also lays the groundwork for Read More »