MBAs to take oath
Now, MBA graduates
and entrepreneurs around the world are going to be asked to take a pledge
similar to what school children take, aimed at instilling moral and ethical
values in how business is done and how an enterprise is run, reports Times of
India.
According to the people behind this initiative, it
was the lack of such values that contributed, at least partially to the Great
Recession of recent years. Drafted by the Harvard Business School in
association with the forum of Young Global Leaders of the World Economic Forum
(WEF), the oath is aimed to instill moral and ethical values in how business is
done and how an enterprise is run.
The Global
Business Oath - or the Davos Oath, since it will be announced at the WEF meet
in Davos later this month - comprises of two parts. One is the MBA Oath, which
will be taken at B-Schools by graduating students to become responsible
managers, similar to the Hippocratic oath for doctors. The second is the
Business Oath, which will be taken by business leaders.
Though not binding in nature, business tycoons and
aspiring business tycoons participating in WEF are said to have given their
consent to take the oath. The 100 member strong forum of Young Global Leaders
have all pledged their support to the initiative. That includes Suhas Gopinath,
the 22 year old CEO of Globals, and the only Indian face on the forum. Globals
is the platform partner of this initiative, and has designed and built the
official oath website www.globalbusinessoath.org.
