XLRI organises ‘27th Annual JRD Tata Ethics Oration on Business Ethics’
Jamshedpur, Nov. 29: XLRI- Xavier School of Management, one of India’s premier B-Schools today hosted the 27th Annual JRD Tata Oration on Business Ethics. This year, Dr. Jennifer J Griffin – Raymond C Baumhart, S.J., Professor of Business Ethics and Professor of Strategy, Loyola University Chicago, USA delivered the oration at the Tata Auditorium at XLRI Campus.
Dr. Griffin gave her speech on the topic – ‘Ethics in Action: Corporate Social Responsibility in the 21st Century’.
Dr. Jennifer Griffin’s oration speech emphasised on various steps towards effecting ethics into action – in particular emphasizing on ethical leadership. She talked about Corporate Social Responsibility and its role in creating a sustainable future.
Dr. Griffin pointed out how ethical actions and true CSR can guide a leader to do the ‘right thing’ and work towards creating a future for his/her employees and society by leveraging various entities like corporations, Market, Government.
Dr. Griffin elaborated how an organization can function and make a positive difference through ethical actions and adopting the right mindset towards Corporate Social Responsibility. Talking about role of corporations, she said, “Businesses can, and do, multiply positive spillover effects within local communities by transferring skills and expertise, incubating new businesses, and encouraging other businesses to co-locate.
Clusters of small and large businesses in urban and rural areas support artisans, farmers, and skilled trades. Together they build soft and hard infrastructure: roads, telecom, information services, education creating shared prosperity.”
Defining the role of Ethical Leadership, she advised the future business leaders at XLRI to be creative and and make wise choices in selecting business partners, as their actions can help create an inclusive and prosperous future for the community and world at large.
The session was attended by Mr. T. V. Narendran (Chairman, Board of Governors, XLRI & MD, Tata Steel Limited), Fr. E Abraham, S. J. (Director, XLRI), Dr. Ashis K. Pani (Dean [Academics], XLRI) and Fr. Oswald Mascarenhas, S.J. (JRD Tata Chair Professor of Business Ethics at XLRI).
In his welcome address, Fr. E Abraham, S. J. Director of XLRI said, “Globalization has further enhanced the importance of ethical moral compass in business. Globalization means that business strategy and business ethics cannot be separated from each other. Corporations have entered a new era, the “prove-to-me” era.
Unethical practices and organizations are not being shrugged off anymore and even reputed organizations and some outstanding CEOs are being named, shamed and fined or imprisoned for their ethical lapses world over. The culture of an organization is established by the tone set at the top. Chief executives must lead by example.”