Take the Lead Against Moral Hazard


Graham Ward

Today when I came back after work, I decided to search whether analysis of Trump’s speech is already published. Accidently I found an Article of Graham Ward, Adjunct Professor of Leadership at INSEAD and the INSEAD Global Leadership Centre Coaching Practice Director. (please check the link below). 

When I read a couple of paragraphs, I forgot that I was searching for an analysis of Trump’s speech for two reasons. First, because the Article is truly refreshing, straightforward and precise. It felt like a fresh breath of air.

And second, who cares about analysis. By now we should know that Trump seldom, if not never, means what he says. Besides, it is clear that he does not know what he talks about. Therefore, whatever he would promise, most probably, it would be unlikely to deliver.

Anyway, enough about Trump. 

The name of the Article is “Take the Lead Against Moral Hazard”. I could not agree more with the view that “Domestic upheavals wrought in political systems around the world during 2016 seem likely to shape societies for the coming decade.” It increasingly clear that aggressively promoted by Trump policy of isolationism is beginning to gain speed in Europe. 

In my opinion, if it becomes a dominant force, societies would depart from the idea of globalisation substantially limiting growth potential for businesses. Protectionism would eventually collide with the fundamentals of the global system which is based on the principle of constant growth causing severe crises worldwide. Deteriorating living conditions would catapult far-right parties to power and make our world extremely hostile place. 

However, just like the author, I do not believe that we are doomed. There are several options for us to fix the situation that almost got out of hands.

Graham Ward points out that it is possible to turn things around if we would utilise leadership tool. He rightly indicates that leadership is not only a right but an obligation

He writes: “At times, I see disbelieving stares in my classroom from middle management executives: “Surely, leadership is what happens at the top?” as if one ought to sit around and simply wait for leadership to show up. … The word “leadership” is suggestive of movement, from one place to another. The more interaction, the more action. Sit around and wait, and you will inevitably be told what to do. Act, speak up, innovate, influence, and you will disturb the system around you, shaping it to fit your own worldview.”