Molding Conscious Leaders

Abstract

Innovation in education is important for developing the next generation of business leaders who also have to be innovators, creative thinkers and managers who will be more responsible towards society. The role of a company is to serve other stakeholders such as staff, clients, suppliers and society besides increasing the wealth of shareholders. In an era of continuous erosion of natural resources due to the progress of mankind, doing business following the path of conscious capitalism may create a competitive edge. The challenge is to orient the mindset of management students to mold them as conscious leaders. In 2009, Dr. Raj Sisodia and Conscious Capitalism Inc. asked Dr. Ernie Cadotte to create a new simulation to illustrate and reinforce the key tenets of the Conscious Capitalism movement. Business managers have a broad variety of conflicting issues to deal with, including product sustainability and reliability, environmental concerns, employee morale and corporate responsibility. The challenge for Cadotte and Sisodia was to develop a new pedagogy for learning to manage a full-enterprise business while addressing the conscious opportunities, situations and problems. In 2011, Cadotte created a game ( Conscious Capitalism in the Marketplace) that simulates the challenges a business manager has to face in today’s world. It is a ‘unique pedagogy’ and an innovative teaching practice that works on the ‘learning-by-doing’ method. This article will be an evidence-based case study of that simulation and its use with the next-generation managers.

The digital transformation of human resources and its impact on the organizational strategic sustainability: The mediating role of the conscious leadership

“…This leadership supports the personal values and beliefs of the working people, which are reflected positively in their acceptance of the strategic decisions and the change process, including the digital transformation of human resources (Bresciani et al, 2021). However, the conscious leadership can ensure sustainability through the characteristics that leaders have in order to ensure the continuity and survival of organizations (Lokhande et al, 2019). The study assumes that mediating the conscious leadership between the digital transformation of human resources and the organizational strategic sustainability can bring outcomes that have a positive impact on the Jordanian Islamic banks which is the focal point of the study.…”

Conscious Capitalism: An Emerging Economic Philosophy for Higher Purpose in Business

“…A review of literature revealed just one case study and case rubric on molding conscious leaders using CC (Lokhande et al, 2019). Additional case studies on this topic could help business professors teach students more about this emerging philosophy.…”

“…Ernest R. Cadotte, a professor at the University of Tennessee with expertise in building business and marketing simulations for higher education, teamed with Raj Sisoda, co-founder of Conscious Capitalism Inc., to create a non-computer-based CC simulation that aimed to develop leadership, teamwork and interpersonal skills (Lokhande et al, 2019). MBA student teams were taught the basic tenets of CC, and then wove them into their simulated decision-making in areas such as environmental concerns, worker training, quality control, employee health, and community relationships.…”

“…Feedback from the MBA students suggested they enjoyed hands-on practice in making business decisions that considered all stakeholders and not just maximization of shareholder wealth. The authors acknowledged that further research was needed to more empirically measure the benefits of having MBA students learn and practice the tenets of CC (Lokhande et al, 2019).…”

Facilitating Women Prosperity with Higher Purpose at Vyomini

“…They extract value rather than creating value. A business that pursues conscious capitalism would experience a synergistic effect on its performance (Lokhande, Cadotte, & Agrawal, 2019). Conscious businesses spend money where it makes a positive difference for a higher sense of purpose.…”