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Follow on Google News | Why so many management concepts from Harvard fail, causing massive damage in global business societyBy: iusv Current approaches to corporate governance are extremely formal, bureaucratic, cosmetic, non-holistic and non-authentic, and therefore provide no protection from potentially catastrophic ethical failures. We need a sustainable and innovative solution to this global epidemic urgently. It is time that we become aware that corporate governance cannot be controlled effectively with formal and exhaustive rules, regulations, guidelines, and procedures only. It's about decency and personal integrity and this must be cultivated from within. Personal integrity has no need of rules and laws. It must be a way of life. The main underlying reason for most corporate governance failures is the fact that the current higher education system sucks. Successful corporate governance implementation requires a multidisciplinary, authentic and holistic approach. Many top Law Schools and Business Schools (Harvard, Stanford, Yale , MIT Sloan, Berkeley-Haas, IMD, London Business School,..) have a mono-disciplinary curriculum with a narrow non-holistic and non-authentic focus. In this way most of these schools destroy creativity and many of their graduates in the corporate governance world (such as lawyers, advisors and executives) miss the bigger picture and do not think holistically. Due to this they focus solely on formal and woolly corporate governance regulations, procedures and guidelines. Remember: creativity and innovation in the classroom come down to the professor's creativity, self-innovation and self-knowledge. Many law, accounting and business management professors at the mentioned top schools are to blame for most of the above mentioned corporate governance failures. They lack both emotional and spiritual intelligence. This inner process starts with self-knowledge, or knowing, which leads to wisdom. Between knowing and wisdom lies an enormous distance which can be reduced by systematic application of my authentic governance system. This will help them to create balance between the left and right sides of their brain. The left half of their brain has mainly an analytical, logical and quantitative function, while the right half of their brain has an intuitive and holistic function. They do not have a proper balance between the left and right sides of their brain. These professors and most of their graduates use the left side of their brain only; because of this, they miss opportunities that allow them to become more adept at using the right hemisphere of the brain and to deal with complex corporate governance problems in an integrated and authentic way. This is also the main reason why Harvard Business School professor Kaplan's Balanced Scorecard implementations fail and lack sustainability. .....read further http://pbuniversity.wordpress.com/ End
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