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Entrepreneurs and Ethical Dilemmas

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There are rotten apples in every fruit basket. We cannot let them spoil the other apples. What we see with Satyam is not representative of the average Indian industrialist and entrepreneur

President Abraham Lincoln said “Honor is better than Honors.”

Anurag Batra

The Satyam Saga has done a disservice to all entrepreneurs and India. India is a land of entrepreneurs and will flourish as a land of entrepreneurs in spite of this aberration called Satyam. Some entrepreneurs and businessmen forget what Abraham Lincloln said and go for material honors like wealth and property and forego the moral high of being ethical and right.

In one of my previous columns I had asked what were the motivations and drivers for being an entrepreneur, and I would reiterate that it is a combination of being wealthy, creating wealth, doing something that one is passionate about, doing and creating larger good and creating a legacy.

Most of us who have seen the movie Guru might tend to believe the old adage that behind every fortune is a scam. But that is clearly not true. There are rotten apples in every fruit basket. We cannot let them spoil the other apples. What we see with Satyam is not representative of the average Indian industrialist and entrepreneur.

Entrepreneurs in the future will be known by how enduring what they create is. Will what they call a world-class organization pass the test of time and generations?

In my view this can only happen if an entrepreneur follows the Indian value system of being honest, ethical, and giving, and builds the enterprise on the principle of no-compromise.

I know this can be very tough in today’s environment where the system may reward people who bend it rather than people who stand upright. I know that every entrepreneur has  ethical dilemmas, but the best way to get around them is to follow your heart.

As a young professional whose parents are both academicians and served in government jobs and lived lives of frugality and honor, today’s times do serve up a lot of dilemmas for me and it is easy for me to write about that in a column. I know it takes a lot out of you to go out everyday and do what is morally right. My father always looked at business people with suspicion, as a class that had pawned its peace of mind and conscience and made too many compromises. I hope you, me and our generation proves my and our dads wrong.

Let me end with an excerpt from a story that is perhaps an apt motto for all entrepreneurs and budding entrepreneurs:

But you were always a good man of business, Jacob,” faltered Scrooge, who now began to apply this to himself. “Business!” cried the Ghost, wringing its hands again. “Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence, were, all, my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!” (Dickens, C. 1843. A Christmas Carol).

Anurag Batra is real life, first generation entrepreneur who is Much Below Average (MBA) from the prestigious Management Development Institute, MDI. When he is not busy writing such columns, he can be reached at anuragbatrayo@gmail.com. This e-mail address is being protected from spambots, you need JavaScript enabled to view it . Anurag is the co founder and editor-in-chief of exchange4media group which includes exchange4media.com.

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