The value of ethics in management education

According to Swami Vivekananda, education is the discovery of the inner self. He laid emphasis on the development of integrated personality through education and stressed that real education is that which prepares an individual for the struggle for existence.

Management education has presently moved to the centre-stage of higher education. It is one of the most sought after areas of study for both students as well as working executives. In this context, it becomes imperative to examine the management education curricula — in terms of their content and learning processes, to understand what their current status is, what are the emerging directions, and what do they reflect about the philosophy and objectives of contemporary management education in the country.

The basic management curriculum should include values and culture of humankind, management by human values, economical ethics and environment management, comparative ethos in management etc.

The vital elements essential for an ethical curriculum are: Value-based curriculum, interdisciplinary subjects, employability orientation and integration of modern teaching tools. Such a curriculum helps address and advise social diversities in a holistic manner.

Inculcating skills

Education is not merely about imparting knowledge or cultivating intellect, but invariably about inculcating skills that help in the development of wisdom. Presently, education is only achieving its technical goal by providing various degrees and diplomas through mastery of fundamental subjects associated with any discipline of technology or management. But, the inculcation of a social goal is of significance and should be included as part of education, which inculcates leadership qualities, morale and ethics.

The first and foremost step for moving towards an ideal society is to deal with curriculum content. For achieving this goal, moral, ethical, and social concepts are essential to satisfy personal philosophy, to a career consistent with a sound professional attitude and public welfare. This will bring about an improvement in every phase of personality including physical, emotional, spiritual and intellectual dimensions.

Empowerment of the Gen Z is the outcome by which youth, as change agents, gain the skills to impact their own lives and lives of other individuals, organisations and communities. A three-pronged approach that effectively engages young people in work that challenges them to develop skills, gain critical awareness, and participate in opportunities are necessary to bring about change.

The curricular components should therefore include helping the student to learn to deal with any situation, in terms of fundamental principles, with confidence and sound judgment.

The ultimate aim of the society is to conscientiously, wisely and competently supply valuable services to the public and the profession. Individuals are to be provided with knowledge, skills, understanding and appreciation that encourage them to pursue a personally rewarding career.

(The author is a professor at a management institute)