AMBA's Ambition magazine: Issue 76, October 2024

PEDAGOGY 

One pressing issue is the gap between theoretical knowledge and practical application. While academic excellence remains a cornerstone of business education, translating this knowledge into effective leadership practices is often challenging. Traditional educational methods sometimes fall short in addressing these needs, with a focus on technical skills and less emphasis on developing the soft skills and ethical frameworks necessary for genuine leadership. We need business programmes that incorporate philosophical and reflective practices so that students are encouraged to explore and question their own values and motivations deeply. Developing self-awareness in this way is the bedrock of ethical leadership, enabling future leaders to make decisions that are not only effective but also morally sound. Moreover, fostering a culture of ethical leadership within educational institutions themselves sets a powerful example. When faculty and professional services prioritise ethical behaviour and transparent decision-making, they model the very principles they seek to instil in their students. This creates an environment where ethical leadership is not just taught but also lived and experienced daily. Benefits behind studying the works of philosophers In response to these challenges, innovative approaches in leadership development have emerged that seek to bridge the gap between theory and practice, fostering leaders who are self‑aware, reflective and ethically grounded. At Lancaster University Management School, the integration of existentialism into the MBA programme is shifting perspectives and changing leadership practices. Existentialism plays a crucial role in developing ethical leaders by encouraging individuals to confront fundamental questions about meaning, responsibility and authenticity. Rooted in the works of philosophers such as Jean-Paul Sartre and Søren Kierkegaard, existentialism argues that individuals must create meaning in their lives through their actions, guided by personal values and ethical principles. Meaningful actions reflect an individual’s core values, providing a sense of purpose and fulfilment when they act consistently with what they believe to be important. By integrating these elements into their lives, leaders not only create and experience meaning for themselves but also foster a richer, more fulfilling existence for those they lead. This approach emphasises self-awareness and introspection, prompting leaders to reflect deeply on their individual biases, beliefs and motivations, as well as the impact of their decisions.

I n an era where societal and business landscapes are marked by volatility and uncertainty, the call for authentic leadership rings louder than ever. The demand for leaders who are genuine, purposeful and grounded in unwavering values is not a passing trend, but rather a necessity. Underpinned by existential principles, authentic leadership development can foster self-aware, ethically driven and critically thinking leaders who are well‑equipped to navigate today’s multifaceted challenges. Higher education and business schools in particular, have a crucial role to play in cultivating these qualities. Confronting the ethical deficit In a world increasingly plagued by ethical scandals and a loss of public trust, the importance of developing leaders who embody ethical principles cannot be overstated. The rising complexity of the business environment demands leaders who can think critically and act ethically. There is a growing recognition of the need for leaders who are not only technically skilled but also authentic and trustworthy. The current crisis of trust in many organisations underscores the urgency for leaders who can engage their people, balance competing demands and make decisions that are congruent with their core values. Ethical leadership is a commitment to conduct oneself with integrity, honesty and fairness. This form of leadership is not about avoiding misconduct; it is about proactively fostering a culture of trust, respect and accountability. By focusing on the development of genuine, authentic leaders who prioritise values, purpose and meaning, business schools can play a pivotal role in reshaping the business landscape. Studying Jean-Paul Sartre and other philosophers could help tomorrow’s leaders develop the self‑awareness and authenticity needed to foster ethical organisational cultures and curb a lack of public trust. Lancaster University Management School’s Neil Ralph reveals how small learning groups support the integration of existentialism into its MBA programme

Ambition | OCTOBER 2024 | 27

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