That's the message coming from Professor Jean-Pierre Lehmann, Professor of International Political Economy, IMD Lausanne, Switzerland & Founding Director of the Evian Group while he addressed a group of business executives gathered at the seminar organized by NIIT Imperia.
Said Prof Lehmann, "Business World cannot function with rules and regulation and effective implementation of the same. It cannot be a wild west! The global governance systems have failed us leading to this crisis. Also, ethical behavior by corporate is important. Ethics should guide the behavior, not greed and profit motives alone."
NIIT Imperia - Center for Advanced Learning, the specialized institute for providing management education to working professionals, held a seminar on 'The Global Crisis: Prospects for Globalisation & Implications for India' on December 16, 2008. It was delivered live through the interactive Imperia platform to the NIIT Imperia centers across the country.
Commenting on India's role in the global world, Prof Lehmann said, "Today the world is dominated by America and China. India, Brazil and a few other countries are up there on the global map. India can play an increasingly important role in the world business and political order, especially since it's a vibrant democracy."
Advising business executive to watch out for 'Black Swan' phenomenon, Prof Lehmann said, "Its no point looking at the world only with one point of view. You need to watch out for 'Black Swans' which are basically trends that you never thought will come about. Like rise of GOOGLE, or consolidation of global steel industry by MITTAL Steels. These new trends create massive opportunities for companies and individuals who can spot them."
Since 1997 Jean-Pierre Lehmann has been Professor of International Political Economy at IMD in Lausanne, Switzerland. Prior to joining IMD, his career, which has included academe, journalism and strategic consulting, has encompassed activities in virtually all Asian and Western European countries, as well as North America. He is the author of several books, numerous articles and reports on modern Asian history, global governance, development, trade and the international political economy.
In 1995 Prof Jean-Pierre Lehmann founded the Evian Group, a coalition of business, government and opinion leaders from both North and South, committed to an open, inclusive, equitable and robust world economic agenda. The Evian Group has been described as a marketplace of ideas and a forum for action. Jean-Pierre Lehmann, a French citizen, obtained his undergraduate degree from Georgetown University, Washington DC (1966), and his doctorate from Oxford (1976).
Established in year 2006, NIIT Imperia (www.niitimperia.com) offers management programs for working professionals in association with IIMs and other leading management institutions. At the core of NIIT Imperia's educational delivery methodology is Synchronous Learning technology. NIIT Imperia has built around this technology a unique learning methodology and student experience that includes the best features of conventional classroom education coupled with advanced e-learning and learning management techniques.
