Background

The recent incidences of corporate fraud and greed that resulted in economic burst of 2008 and triggered one of the worst economic recessions worldwide in decades has forced us to take a fresh look at both the current management programs and prevailing business practices. The long list of failed corporate giants and banks caught in these scams and the magnitude of their mismanagement for profit maximization with complete disregard to well beings of their employees and common shareholders tells us that something is seriously missing or has gotten lost in this race to economic prosperity. That brings us to the core of this problem - a total lack of conscience or moral bankruptcy.