Ethical values have assumed paramount importance in the today's complex business world but we are hesitant to talk on ethics and ethical values in India said Dr. J.L. Gupta, Principal, Shri Ram Collage of Commerce, University of Delhi in a seminar on Leadership Behaviour and ethical value at India Institute of Finace, New Delhi tody.

According to Prof. Gupta managers as leaders have always been discussing and debating about social responsibilities of business. According to him most courses on management in the past did not include anything on business ethics. However, lately business ethics has appearing as an important component in the management courses. Business leaders need to pursue ethical values for several reasons. Dr. Gupta feels the business leaders are not born but made through appropriate ting provided a person has necessary potential. Acording to Dr. Gupta dynamic leadership is lacking today whish a which is a wise use of power. According to him a leader requires to posses sensivity, credibility, flexibility and trust so as to be a dymnamic business leader. Leadership accroding to Dr. Gupta is interpersonal power to influence. Drawing a distinction between a leader and a manager and their influence on a business Dr. Gupta feels that the people in organisations today are over manaed but underled . While managers focus more on system, structure and influencing the mind of the pepole, leaders often influencing the heart, the feelings and emotions and just the minds leaders often focus on what should be done and according a closer to pursuing ethical values.

The current wake of scandals, financial laundering and annexure between some politicians, bureaucrats and business men have raised serval issues on the question of leadership and ethical values, said Prof. J.D. Agarwal, Director, Indian Institute of Finance while introducing Dr. Gupta in the above seminar. Dr. Agarwal emphasised a strong need of ethics for leaders in general, and business leaders in particular. According to him there is a great need for emphasising and teching of ethics in the courses on business management.