From 600+ conversations with the world’s leading thinkers.
No industry and indeed no activity at all whether commercial or not should act unethically, or immorally and so the relationship of bioethics, or ethics, to anything it studies is the relationship of authority.
Just because a decision doesn't work out doesn't mean it was the wrong decision. If it was based on the best available information at the time, it was still a sound choice.
A corporate bond is ultimate a long-term loan structured in the form of a bond. Corporate entities are not default-remote and are not guaranteed to pay-back their debts.
Upon inquiry, I learned that we were using American technology, suitable for American roads but not Indian ones. So, the next step was understanding the market, and we went to the field, spoke to the truckers and understood their requirements and expectations.
The truth is that we live in a very unethical society. We don't teach ethics at home, schools or university. As a consequence most businesses don't have a code of ethics or conduct.
One major overhead entrepreneurial business often grapple with is the exorbitant rent in cities. Moving to a smaller town offers a significant reduction in these costs and promotes regional economic balance.
Few have the boldness to assert, 'Not my circus, not my monkeys,' choosing to focus on select issues rather than superficially ticking off an extensive list.
The Stoic concept of courage is about letting reason prevail over emotion. Risk naturally triggers fear—fear of a bad outcome. But using reason to manage risk means applying a more analytical approach, almost like a mathematical assessment of risk and reward.
For large corporations, globalization opened up opportunities without the correlate responsibilities which usually travel with that- so things that banks must do at home they didn't have to do abroad. This took globalization out of balance, into a vicious cycle – and we're now dealing with the consequences of that.
The physical world isn't going away. We are a physical species. While digitisation is enabling incredible things – the best companies seem to be combining the physical and digital; they seem to understand what it means when products and services are connected.
I typically think impact investing, on the whole, can generate better risk-adjusted yields than the alternatives.
For me, starting a business was something that kind of ended up happening, not something I had the intention of doing. You so often hear stories of amazing entrepreneurs who tell you they always had that business instinct, even when they were at school they used to sell marbles or chocolate; and that wasn't me in any shape or form. It all happened incredibly naturally.