Corruption and collusion are poisoning SA. Business schools have a critical role to play in creating honest, transparent leadership 01 OCTOBER 2018 – 10:53 JON FOSTER-PEDLEY Once upon a time we were appalled when the minister of health squandered R15m on the musical Sarafina 2. That was 1995. Today, we wince and brace for more bad…
Henley Business School Africa Dean Jon Foster-Pedley The Organisation for Economic Co-operation and Development (OECD), a 35-strong group of mostly advanced economy countries, has a cool tool with which you can compare stats about its members. The Better Life Index (BLI) is an attempt to move conversations about national wealth aware from the overly broad…
Profit is not intrinsically bad, but profit for profit’s sake alone is not just bad it’s unimaginably damaging.
Business is not about profit but fundamentally to reinvest profit to create better value and through that a prosperous society. If we are colluding because business profit is our imperative then we are collusive in the creation of an elitist future for our children.
It’s time to lose the prisms through which we view the world and see people for who they are and in doing so discover our own true self.
Corporate crashes cost a lot of money
The final lesson all business schools should be imprinting on the DNA of all their students is corporate activism; the responsibility to speak up in the face of bad business practices that do not just harm society but actually have catastrophic implications for the companies they work in.