Abstract
‘Responsible Leadership' is said to be a gift of ‘Management Education' as these two complement and supplement each other. However, this ‘gift-giving' comes in for serious criticism during times of economic crisis, corporate scandals, and ethical violations. The perception that management education ensures responsible global leadership is being questioned. There is a growing demand to re-vitalize management education and make it more meaningful, ethical and beneficial to the global society than just as a status-booster degree with a managerial tool-kit. The B-schools feel the pressure to shift their focus from producing such ‘tool-kit managers' and redefine themselves as centers for responsible leadership development. The ethical challenge in management education for global leadership and sense making sustainable development is the focus of this study. Relevant literature reviews and survey responses show optimism that the dream of passionate and visibly responsible global leadership can come true with vibrant industry-academia association in ethically healthy climate.
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