To Carluccio’s in Canary Wharf for a late lunch with an old friend who I haven’t properly caught up with in a few years. She’s planning to revitalise the Asian Network at KPMG and is currently organising their next big event. It was pleasing to hear that she hopes to bring some aspects of eastern philosophy into the proceedings.
On that topic it seems that the Bhagavad Gita has this decade outshone Sun Tzu’s Art of War (which took centre stage during the eighties) as the preeminent ancient eastern management text. Whilst an argument could be made for the current governance in India and China being a reflection of those books respectively, I think more interestingly the shift from one to the other perhaps echoes a general global change in attitudes. With the increasing emphasis placed on such matters as human rights and the environment, we have seen a movement in management theory towards more holistic stakeholder based agendas which have most obviously manifested themselves in business as CSR. However, I don’t really see this as having taken away from the importance of maximising shareholder value, rather I hope that it encourages managers to take a longer term view. After all, in an increasingly interconnected and media influenced world, consumers are more and more likely to vote against unethical corporations with their wallets.