Informatics Publishing Limited

Abstract

Challenges of business activities have become complex and demanding with the passage of time. Skills required to keep pace with the changing requirements of the market have also increased many folds, to the extent that super specialties in every profession and industry has become the norm of the day. The methodology of building talent itself has undergone a sea change. The urge to attain greater heights in the professional arena at a young age in this highly competitive business world is pushing a large number of people towards multifarious academic activities. Mushrooming of educational institutes offering a plethora of certifications and degrees in a variety of fields has further added fuel to the aspirations of the younger generation. While many of these institutions lack even the basic infrastructure, they are nowhere near to providing quality education.

Competency building is a multi-faceted process, which not only involves multiple players but also innumerable processes extending over a long period of time. This long gestation period has its toll, both positive and negative, on the individuals and organizations. The task of assembling and putting into place a highly competent team though an uphill task, efforts invested in this direction pays off in the long run. Organizations who have done it over a period of time have demonstrated the value addition to business objectives accrued by the contributions of their employees. In the backdrop of this situation at ground zero, while the debate on ownership of the final sculpting of these aspirants is on, it has been assumed partially by educational institutions. However, much more needs to be done by organizations to create champions at work places, who can not only deliver but also lead teams through tough time. The question that needs to be addressed is - who should take on this herculean task and how should it be executed?

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Abstract

The ancient adage “as you sow, so shall you reap”is an insight into the future based on the current efforts. Triumph is when one reaps the positive benefits of the endeavour, be it a simple action of empowering an under privileged,or conducting business legally and ethically. Unfortunately in today’s highly competitive environment, beginning from their formative years, what one sees in practice, is contrary to what is said and taught. This dichotomy in words and actions poses challenges in the choice of ethical route to be institutionalized within an individual. The dynamic business environment is another major challenge to conduct business ethically and create one’s own niche position. Where lobbying, corruption and bribery is on a rampage, educational institutions should take the lead in fostering an ethical environment in prospective leaders of tomorrow’s businesses and ensuring the beacon directs them in an ethical path.

The conflict of ethics and profits in a business environment is as old as recorded history, and challenges the ethical barometer of both institutions and individuals alike. India’s corporate world needs dynamic and righteous workforce which will not just prove to the world that they too exist, but also iterate that we live up to the great philosophies taught by Swami Vivekananda who said “If the whole world stands against you sword in hand, would you still dare to do what you think is right?”. Educational institutions have a major role to play in developing this robust pool of virtuous human resource while building ethical resilience which is the need of the hour.

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