Prof. Ravindra Gadgil
Business ethics are a key area of interest for Institute of Management Technology Nagpur's Prof. Ravindra Gadgil.
"Business ethics and values vary from country to country and are a function of the nation's economic development, culture and tradition, law enforcement and timely judicial intervention, enlightened citizenry and various other factors," he says.
He points out that while things are improving in India, more has to be done and as such he tries to ensure that his students understand the simple truism that "in the long term ethics pay, even though there might be so- called reversals in the short term."
Prof. Gadgil says there may be pressures inthe job to cut corners in order to meet targets, but students would have to understand that "in order to build a sustainable, ethical society, personal sacrifices would have to take place"; and inner conflicts are very much a part of that.
His teaching methods also serve to highlight his core beliefs and concerns. "In the classroom, we discuss examples of companies that have core ethical values and have had to forego business opportunities due to unethical demands on them."
For the first half of his career, Ravindra Gadgil was entrenched in the American way of life, working for one of the top mining solutions companies there. He decided to return to India in 1987.
Personal and family matters played a big part in that decision, but so did the fact that he was "slowly reaching the point of no return and a decision one way or the other had to be made."
After returning to India, and after more than 25 years in the corporate world, Prof. Gadgil decided to shift careers and join academia.
"I had taught as a visiting faculty member in the U.S. for two years during my industry career and thoroughly enjoyed the experience," he said, "so there was always a thought lurking inside that someday I might want to share my corporate experiences with young minds so that they could avoid some of the pitfalls."
On staff at IMT Nagpur since 2005, Prof. Gadgil thinks that three words his students would use to describe him are: strict, caring and professional.
He says the reasons for this lasting relationship with IMT Nagpur are many.
"To cite a few: a very open and encouraging atmosphere created by the management, the serene and lovely campus, a diverse set of colleagues, extremely supportive staff and of course, the joy of watching young, tentative students grow into confident, assertive professionals ready to change the world."