Dr. Bluford Putnam urges MBA candidates to value the basic principles of business

The Citadel School of Business Administration’s mission is to “educate and develop leaders of principle to serve a global community,” and Dr. Bluford Putnam’s presentation on the themes that confront business leaders in the multi-cultural world as part of the fall Leadership Forum couldn’t have been more fitting.
 
Dr. Putnam is the CEO and Director of Research for Bayesian Edge Technology and Solutions, Ltd., a financial risk management and portfolio advisory service specializing in financial market research utilizing Bayesian statistical techniques integrated with the disciplined application of economic theory. He formed Bayesian Edge in 2000, after a long and distinguished career on Wall Street. Dr. Putnam has authored five books on international finance, many academic articles, and an eclectic assortment of articles for the business press. At various times, he has served on the adjunct faculties of business schools of The Wharton School, New York University, and Columbia University.
 
Dr. Putnam delivered his talk on international business to a group of MBA candidates utilizing a series of seven issues often found in the ever-evolving global business world, particularly when working in a foreign country. Peppering his talk with dry-witted humor, Dr. Putnam addressed the business tone set by government, labor practices, payment, business practices, language differences, personalities, and leadership. Ultimately, he emphasized that in a multi-cultural business community, players in the business world must revert to the basic business principles of listening and flexibility.
 
He also expressed the positive impact openness in business practices has on success, and the need for leaders to admit mistakes and to allow their team to make mistakes.
 
“Leadership is how you come to these decisions,” he said, “and how you get people to follow you even when you make bad decisions.”
 
The biannual Leadership Forum series is series presented by the school and underwritten by South Carolina Bank and Trust.
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