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What is Importance of Value Education?

In a world driven by technological advancements and rapid change, one essential aspect of education often gets overlooked: value-based education. Ramagya School firmly believes in the importance of value education and its role in shaping well-rounded individuals and future leaders. In this blog, we will delve into the significance of value education and why it serves as the cornerstone of holistic development.

Understanding Value Education

Value education is more than just imparting knowledge; it is about instilling a set of core values and principles in students that guide their behavior, choices, and actions throughout their lives. These values include honesty, respect, empathy, responsibility, integrity, and more. The primary goal of value-based education is to cultivate not just knowledgeable individuals but also morally upright citizens who contribute positively to society.

Importance of Value-Based Education

• Character Building: Value-based education is instrumental in character building. It helps students develop a strong sense of right and wrong, promoting qualities such as honesty, integrity, and empathy. These qualities are not only important for personal growth but also for building a harmonious and compassionate society.
• Ethical Decision Making: In today’s complex world, ethical dilemmas are commonplace. Value education equips students with the skills to make ethical decisions, even in challenging situations. It encourages critical thinking and a deep understanding of the consequences of one’s actions.
• Respect for Diversity: In a globalized world where diversity is celebrated, it’s crucial to foster respect for people from different backgrounds and cultures. Value-based education promotes tolerance and acceptance, teaching students to appreciate diversity and work collaboratively with others.
• Empathy and Compassion: Value education teaches students to be compassionate and empathetic towards others. These qualities are essential for building strong interpersonal relationships and addressing social issues effectively.
• Leadership and Responsibility: Leaders with strong moral values are the need of the hour. Value-based education nurtures leadership qualities grounded in ethics and responsibility, ensuring that future leaders prioritize the greater good over personal gain.
• Conflict Resolution: Conflict is inevitable, but value education equips students with conflict resolution skills. They learn to resolve disputes peacefully, fostering a more harmonious and cooperative society [1] .
• Stress Reduction: Understanding and practicing values such as patience and resilience can significantly reduce stress levels among students. It, in turn, leads to better mental health and improved academic performance.

Why Ramagya School Prioritizes Value Education

At Ramagya School, we believe that education should go beyond textbooks and exams. We recognize that the world needs individuals who are not only academically proficient but also morally upright and socially responsible. Here’s why we place such a strong emphasis on value-based education:

• Holistic Development: We aim to nurture students who excel not only in academics but also in character. We believe that true success lies in balanced development, and value education is integral to achieving that balance.
• Community Building: A strong sense of community is essential for the overall growth of our students. Value-based education helps build a close-knit community of individuals who support and care for each other.
• Preparing Future Leaders: Ramagya School envisions its students as future leaders who will bring positive change to society. Our value-based education prepares them to take on leadership roles with integrity and responsibility.
• Global Perspective: In an increasingly interconnected world, our students need to be culturally sensitive and globally aware. Value education fosters a global perspective, enabling our students to thrive in diverse environments.
• Moral Compass: We believe that a strong moral compass is essential for navigating life’s challenges. Our students are equipped with the ethical foundation to make wise choices and lead moral lives.

In conclusion, the importance of value-based education cannot be overstated. Ramagya School firmly believes that education is not just about acquiring knowledge but also about instilling values that shape individuals into responsible, compassionate, and ethical members of society. Our commitment to value education reflects our dedication to nurturing well-rounded individuals who will make a positive impact on the world.

As we continue our journey of academic excellence, we remain steadfast in our belief that education with values is the key to a brighter, more harmonious future for our students and society as a whole.

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Purpose of College Education

Do we send students to college mainly to grow and learn or strictly to prepare for a future career? The American public is somewhat split, but ultimately comes down in favor of the latter on balance. Just under half of the public (47%) says the main purpose of a college education is to teach work-related skills and knowledge. Another 39%, however, says that college is an opportunity for students to grow personally and intellectually. A little more than one-in-ten (12%) say the time spent at college should be dedicated to both pursuits. Americans who did not attend a four-year college are the most likely to say college is best for developing work-related skills — 55% say this should be the mission of college. Americans who did attend a four-year school, however, lean the other way:50% say that individual growth is more important; 40% say learning skills for a career. Adults with a post-graduate education, by a 56%-to-26% margin, are the most likely to say the mission of college should be to help an individual grow personally and intellectually rather than to prepare students for a career. Read More

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What is Ethical Leadership and Why is it Important?

Ethical leadership is not only the right thing to do, it is key to driving an organization's success.

Valerie Kirk

Errors, bad behavior, and poor judgment in leadership can negatively impact a company’s brand and reputation. For business success, it’s critical for organizations to fill their C-suite with ethical leaders.

Ethical leadership involves leaders and managers making decisions based on the right thing to do for the common good, not just based on what is best for themselves or for the bottom line. While profits are important, ethical leaders take into consideration the needs of customers, communities, and employees in addition to company growth and revenue when making business decisions. 

Ethical leaders encourage their team members to model this behavior, too. They help to build a workplace culture that values transparency, collaboration and inclusion, and where everyone feels safe to share their voice.

They can also help organizations recruit and retain top talent. Professionals are increasingly seeking out companies whose leaders strive to do the right thing. Generation Z, who will make up 25 percent of the workforce by 2025, demands leadership ethics more than generations that came before them. 

“Gen Z is not going to negotiate. They have really strong values and ethics, and they don’t bend them because of intimidation or because they are just getting a paycheck,” said Michael McCarthy, instructor at Harvard Division of Continuing Education’s Professional & Executive Development and host of the “ Happy at Work ” podcast. “The idea of letting harmful or hurtful behavior slide is not acceptable.”

Leaders who weigh ethical considerations before making key business decisions drive a company’s long-term success. 

The 6 Main Principles of Ethical Leadership

Having ethical leaders isn’t as simple as hiring “good” people. Companies should strive to fill their leadership ranks with people who embody the principles of ethical leadership. The six main principles include: 

Respect includes valuing others’ skills and contributions. While historically respect in the workplace may have been one-way (leaders demanding respect from employees), in an ethical work environment, respect is mutual. 

Mutual respect leads to healthier workplace relationships where both sides appreciate and support what the other is doing and feel secure in talking through issues and challenges. Healthy relationships create positive work environments, which drives increased productivity.

Current and upcoming business leaders should take mutual respect into account as workforce expectations continue to shift.  

“I tell current leadership to respect Gen Z. They have values and morals, and you’re going to have a better organization because of them,” McCarthy said. “They aren’t going to put up with the old hierarchy that doesn’t offer mutual respect.” 

2. Accountability

Ethical leaders hold themselves accountable for their actions. They make decisions based on integrity and stand behind their work. They also lead by example, communicate openly about challenges, and don’t look to place blame on others for any shortfalls.

Leaders make ethical decisions based on doing what is right for employees, customers, and the community. Because these constituents are always top of mind for ethical leaders, they often have a strong sense of service. They engage in activities such as charitable giving and volunteer work to give  back to their communities — and encourage their teams to do the same. 

Leaders who are transparent build trust amongst their organizations and amongst customers. 

To build and maintain trust, leaders must be good communicators who speak openly and honestly about issues. Regardless of the issue’s severity or unpopularity, leaders’ responsibility to be clear and candid  empowers others to make the right decisions with the information they have. 

Honesty and transparency also help to build a brand’s reputation, leading to long-term customer loyalty.

Justice is not just about following the law, but about ensuring that everyone is getting what they deserve. Ethical leaders approach situations with a focus on treating everyone fairly, and they expect their teams to treat each other and customers the same way. Through their actions, they build equitable work environments where everyone feels respected. 

6. Community

Ethical leaders view their companies as communities and consider everyone involved when evaluating situations and making decisions. By viewing their organizations this way, they build equity and inclusion into their decision-making process and create work environments that encourage collaboration across teams. 

Learn more about Harvard DCE’s Ethical Leadership program

Examples of Positive and Negative Ethical Leadership

The following three examples are of companies that were faced with ethical dilemmas and how different leadership styles led to vastly different outcomes. 

Johnson & Johnson

One of the most famous examples of ethical leadership was the case of the Tylenol cyanide poisonings in the early 1980s. Seven people died of cyanide poisoning, and the only connecting factor was that they had all taken extra-strength Tylenol. During investigation, it was discovered that the tablets were laced with cyanide.

Johnson & Johnson’s leaders acted quickly and pulled all Tylenol products off the shelves — 31 million bottles, worth over $100 million — and stopped all production and advertising. The swiftness of their decision, although costly, put customers’ well-being first and saved lives.

They partnered with law enforcement to find the perpetrator and subsequently developed the first-ever tamper-resistant packaging. They were transparent with the public about what they were doing to ensure this tragedy never happened again. 

The Tylenol brand recovered from the incident, largely because of Johnson & Johnson’s ethical leadership team’s swift action and transparent care for customers.

In 2008, JetBlue left passengers stranded on the tarmac at the John F. Kennedy International Airport for more than five hours during a snowstorm. The delay had a ripple effect — JetBlue had to cancel more than 1,000 flights over the following five days.

In response, JetBlue’s CEO wrote a letter of apology to customers. He also directed his team to draft a customer bill of rights, which outlined customers’ rights to information about flights and information about compensation in the event of delays or cancellations.

The CEO also participated in a public apology tour, taking full responsibility for the incident rather than blaming it on the weather.

His transparency and accountability created trust with customers, who stayed loyal to the airline.

Wells Fargo

In September 2016 , it was revealed that employees of Wells Fargo, one of the largest banks in the United States, opened millions of unauthorized accounts in order to meet aggressive sales targets. This widespread fraudulent activity was the result of a work culture that prioritized quantity over quality and pushed employees to engage in unethical practices.

Company leaders denied knowledge of fraudulent practices. The bank was hit with significant financial penalties, but because of the lack of accountability, they damaged the trust of their customers and investors. They reported a 50 percent profit loss in the quarter following the scandal.

Meeting the Ethical Challenges of Leadership

Companies cannot underestimate the power of different leadership styles on their growth and long term success. Those who practice ethical leadership have positive corporate cultures where employees are engaged, motivated, and feel good about coming to work. Companies without ethical leadership face lower productivity and high turnover rates, impacting the organization’s bottom line.

Ethical leaders aren’t just born with these skills — they develop them over years of experience and training. 

Harvard DCE Professional & Executive Development offers a two-day Ethical Leadership program that helps leaders develop skills to make ethical choices and lead companies through challenging dilemmas. 

Topics covered include: 

• Making ethical decisions with conflicting responsibilities 
• Building a moral framework within yourself and the organization
• Understanding the role of employees in both their professional and personal lives 
• Navigating a slippery slope when seemingly good people do bad things
• Building a corporate culture that values moral behavior

Learn more about the ethical leadership program, including how to register.  

Leaders looking to expand their ethical leadership skills should also consider the two-day Authentic Leadership program , where they will learn how to develop mindfulness and authenticity to build trust, create engagement, and promote productivity. 

Explore all Executive Leadership and Management courses

About the Author

Valerie Kirk is a freelance writer and corporate storyteller specializing in customer and community outreach and topics and trends in education, technology, and healthcare. Based in Maryland near the Chesapeake Bay, she spends her free time exploring nature by bike, paddle board, or on long hikes with her family.

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Higher education listen up: These are the 5 trends Deloitte says are most important for 2024

Parts of higher education are facing existential crises. 

While that may sound like hyperbole, there is a growing number of students who are questioning the basic value of a college degree. And this is translating into action. Enrollments are down , and colleges have been forced to permanently shut their doors .

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This is just part of the challenges and opportunities that Deloitte has sought to analyze in their annual Higher Education Trends Report . The 2024 edition, released today and shared exclusively to Fortune addresses five areas of importance for higher education:

• Outcomes and articulating value proposition; 
• Crises in leadership; 
• College athletics; 
• Artificial intelligence (AI); and
• Public-private partnerships.

The overarching theme for all these trends? “The eroding trust in higher education,” says Megan Cluver, principal within Deloitte’s higher education practice.

Shifting from completion to outcomes

Confidence in higher education is falling—down from 57% in 2015 to just 36% in 2023, according to Gallup . And what’s even more telling is research released this year from Strada and The Burning Glass Institute that found that just a little over half (52%) of graduates are underemployed a year after graduation; a decade post-graduation, that number is still  45%.

When coupled with increased tuition , it’s difficult to see the worth of a attending college.

Cole Clark, managing director of Deloitte’s higher education sector, says this rapidly eroding confidence in higher education to prepare students for the true workforce is posing challenges all around.

“Focusing on outcomes is one way to begin to change the narrative on the ROI of a post-secondary degree,” Clark tells Fortune. “For the longest time, the higher education sector was focused on completion, which were suboptimal—in some cases, they still are still suboptimal—but there’s a significant shift from completion now to outcomes, employability.”

The trends report, which he co-authored with Cluver and others, suggests that higher education institutes should prioritize aligning offerings with the demands of the labor market, which will not only help more students land jobs but also provide better returns on investments.

Additionally, universities can expand lifelong learning opportunities through continuing education programs or online degree offerings, the report adds. Moreover, to gain back trust, schools can simply be more transparent with program costs and degree outcomes. For example, the University of North Carolina System studied and published ROI data of all of its programs.

Tackling AI together

AI, and in particular, generative AI continues to be the top of mind of students, faculty, and administrators alike. 

Larger, R1 research institutions are very heavily focused on AI, Cluver explains, to not only improve their own university but also the world and society at large. For smaller universities that may not have the resources to dedicate to AI, she expects there to be more partnerships across higher education as well as with third-party providers to tackle AI together . 

“I think it’s going to open up a whole new world of educational opportunities that we thought were going to totally disrupt higher education, and now I think we’re gonna see other ways of experimentation,” Clark says.

They both noted Khan Academy and its AI assistant, Khanmigo as a promising example of how AI can be truly integrated effectively into learning and work toward leveling the playing field.

The Deloitte report highlights three key areas of impact in which AI can truly make the world of higher education better, if integrated appropriately: curriculum evolution, enhancing core operations, and streamlining routine tasks. It also encourages schools to train its faculty and staff so they too can apply it to courses and evaluate appropriate and ethical uses. 

“Higher education is uniquely suited to serve at this moment by helping to envision a future in which society trusts humans and machines to work together while leveraging the promise of generative AI to make education more accessible and affordable for all,” the report states.

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