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President's Letter Every cloud has a silver lining and the good news resulting from the current economic storm is a renewed dedication to ethical behavior. This month, many of the country’s newly minted MBA’s pledged to make honesty and ethics a core value of their personal career path. From coast to coast, business schools are taking increased responsibility for leading their graduates toward ethical business careers and developing values-based leaders by integrating ethics not only into their curriculum, but into their environment and culture. Our coast to coast examples include the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University and Virginia Tech’s Pamplin College of Business. The Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University According to Ira A. Jackson, Dean and Professor of Management at Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University: "We challenge students to have the courage to ask themselves, as Peter did: 'What do you want to be remembered for?' We embrace management as a liberal art, placing emphasis on philosophy, history, sociology, religion and culture as well as on economics, politics and business.' Ethics, morality and responsibility are integrated in all of the courses at Claremont: accounting, marketing, strategy, organizational behavior and financial engineering. Every MBA and EMBA student is required to take the gateway course, "The Drucker Difference," which is taught as a team by core faculty members, revealing the basic premise of accepting responsibility for the consequence of one’s actions — in the organization, in society at large, and in one’s own life is taught. In subsequent courses, "students are required to confront the consequences of their proposed actions, considering the effects not only on shareholders but stakeholders, not only on communities but the environment, not only on others but also on themselves." While training students to be effective managers and ethical leaders, Claremont emphasizes, as Drucker did, the social responsibility and interdependence of all organizations. "Peter Drucker reminded us, as we remind our students, that every manager should adopt the managerial equivalent to the Hippocratic Oath: 'First, and above all else, do no harm.' Our values-driven approach to management education helps students address what Drucker called 'the mirror test:' Do you like what you see in the morning when you face yourself in the mirror? "Rather than peripheral, topical or timely concerns, ethics and responsibility are at the heart of our normative approach to management education. We explicitly expect our graduates to lead lives not only of institutional success but societal significance, and to incorporate a strong commitment to responsibility and effectiveness in both their personal and professional lives," says Jackson. "In fact, that is the essence of what we see as the Drucker Difference and the reason that we do what we do here at the school where Peter made his home for nearly 35 years." Virginia Tech’s Pamplin College of Business I was fortunate to receive my MBA from Virginia Tech. Since the 1970’s Pamplin College of Business, in collaboration with the Department of Philosophy, has offered ethics courses. By a unanimous vote in 1988, Pamplin College adopted a commitment to ethical values based on the example provided by the college’s namesakes. According to Robert B. Pamplin Sr., the college's namesake, who passed away this past Wednesday, June 24 at age 97, "In addition to my education, I received three things from Virginia Tech that have meant more to me in my life and in the business world than anything else. They are honesty, discipline, and humanity. My charge to all of you is that we continue to stress these values." Eight pylons are housed on Virginia Tech’s campus and represent the values of the university: Brotherhood, Honor, Leadership, Sacrifice, Service, Loyalty, Duty, and Ut Prosim, which means "That I May Serve." "Pamplin College of Business is committed to the goal of developing its students, faculty, and staff in a manner that inspires them to practice effective leadership, and considers these values essential to that goal," said Richard E. Sorensen, Dean of Pamplin College of Business (who was Peter Drucker’s graduate assistant at NYU). According to Richard Wokutch, Pamplin Professor in the Department of Management, "the spirit of mutual trust and intellectual honesty is central to the very nature of the university." At the bachelor, masters and doctoral levels ethics courses are integrated into the curriculum. At the doctoral level, business students are prepared to teach stand-alone business ethics courses or to integrate ethical considerations into other courses such as strategy, introduction to management, human resource management, or entrepreneurship. For the past 18 years the college has hosted an annual business ethics conference open to the university community featuring notable speakers such as Ralph Nader, Amatai Etzioni and James Fallows and in 2009 the Pamplin College business ethics program was ranked by Business Week as the fourth best in the country. We urge all business schools — and business, civic and corporate leaders — to follow the lead in truly living, learning and practicing ethical behavior. The National Crime Prevention Council (NCPC): Circle of Respect campaign Our lifelong habits begin with role models and experiences that begin, not in college, but in our very first social interactions, you may say they begin in the sandbox. We have heard the statistics: 30% of all students in the USA will not receive a high school diploma. 50% of all minority students will not receive a high school diploma. 70% of all poverty level students – no high school diploma. Every day, 160,000 school children in the United States skip school. According to Kirkland Hamill, National Crime Prevention Council (NCPC) Chief Development Officer, many of these cases are a result of bullying and cyberbullying issues — enormous public health concerns affecting the lives of millions of children in this country – especially our most vulnerable populations. "From crippling depression to extreme violent behavior, children have suffered the consequences of our collective unwillingness to address bullying and cyberbullying in the past. These issues may directly affect high school graduation rates and it is unlikely that society can prosper with these statistics." NCPC recently announced the launch of the Circle of Respect campaign. By creating a nationwide pro-social campaign to target the root cause of bullying and cyberbullying NCPC hopes to fundamentally change the way kids view this type of behavior. "In much the same way that this country was able to make wearing seatbelts and recycling an expected behavioral norm, NCPC intends to do the same on the bullying and cyberbullying issue by making the practice uncool and unacceptable. "Along with our beloved icon, McGruff the Crime Dog, and the help of creative partners Saatchi & Saatchi of New York, we will once again rally the country around a cause to create a more caring and safer nation, especially for our children," said Hamill. Please contact Robin Warren at rwarren@ncpc.org or go to www.circleofrespect.org to learn more. Finally, as some of you may know, Frances Hesselbein and I attended the Drucker Centennial Conference, “The Drucker Solutions: Key to Responsible High-Performing Society” in Seoul, Korea last week. The conference was part of a series of events being held around the world to mark the 100th birthday of Peter Drucker. In next month's newsletter, I will share highlights and photos from the conference. Sincerely,
Susan Phillips Bari
Congratulations To... Lindsey Pollak was named Campus Spokesperson for LinkedIn.com and will be leading a series of free LinkedIn training webinars for college career services professionals. Learn more and register for a webinar.
Notable On July 29 Women Presidents’ Organization (WPO) Chapter Chair Anni Bodington will facilitate a kickoff of a new chapter in Capetown, South Africa. Anni was one of the 39 participants certified by the Leader to Leader Institute at the April Peter F. Drucker Facilitator Training Program.
Save the Date We are proud to announce that this year's recipient of The Leader of the Future Award is The Honorable Eric K. Shinseki, (U.S. Army Ret.) Former Chief of Staff, U.S. Army. According to Frances Hesselbein, the Leader to Leader Institute’s Chairman and Founding President, "General Shinseki embodies Peter Drucker’s definition of a leader and leadership." The Leader of the Future Award is given to an ethical leader of integrity and character, who is a model for all of us in defining the future, in serving the common good, and in the end, sustaining the democracy.
2009 AMA Scholarship Opportunity "Many thanks to the Leader to Leader Institute for the Scholarship Award. Recently, I participated in the AMA course 'Finance and Accounting for Non-Financial Managers.' I gained considerable understanding and confidence in my financial management and I now have a deeper understanding of financial analysis thanks to the outstanding structure of the course, collaboration with student team members and the professional expertise of the instructor. This training will help to inform my work going forward. Thanks again to the Leader to Leader Institute!"
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Quote of the month "Every achievement of management is the achievement of a manager. Every Failure is a failure of a manager; the vision, dedication, and integrity of managers determine whether there is management or mismanagement." Management: Task, Responsibilities, Practices by Peter F. Drucker
Recommended Reading
"How do the mighty fall? Can decline be detected early and avoided?" Jim Collins confronts questions like these, providing leaders with hope that they can learn how to avoid decline, and if they are falling, reverse their course. Read an excerpt from How the Mighty Fall in the May 25 issue of BusinessWeek.
Jim Collins;(May 19, 2009) Darlyne Bailey, Kelly McNally Koney, Mary Ellen McNish, Ruthmary Powers, and Katrina Uhly; (2008) |
For information about the Award Dinner, individual and table tickets, as well as sponsorship packages, please contact 
Sustaining Our Spirits, Women Leaders Thriving for Today and Tomorrow, co-authored by Darlyne Bailey, Kelly McNally Koney, Mary Ellen McNish, Ruthmary Powers and Katrina M. Uhly.