 Dear students, I welcome you in the course of leadership, emotional intelligence and the CN making. This is module number 105 and we are going to talk about Fair Process Managing in the Knowledge Economy idea in brief. As we all know that knowledge economy is something required by the contemporary world and to establish a knowledge economy, we need to have knowledge workers, we need to have knowledge management and we need to have knowledge enterprises who are there to create an environment of organizational learning. Now, in this knowledge perspective, when we work, remember there are certain ingredients of the knowledge economy in which the most important thing is that the people are there to come up with their true capability, innovation and creativity. For that purpose, remember, being a leader, you should always invite input from employees for any change. For any change, we welcome their ideas. Always remember that we have to explain the reasons of change so that the people should not be resisting. People should not be having objection to that particular change and we can utilize that change better, implement it better and institutionalize it. Again always remember that we have to share performance expectations with our employees and until we share performance expectations with them, they would not be able to demonstrate what is expected from them. We have to tell them that what are the key result areas they have to achieve, what are the key performance areas they have to visualize and what are the key performance indicators that they have to accomplish. So performance expectations, objectively or subjectively, they should be shared. And another important thing we have to bear in mind, always respect the human, always respect their capabilities, always respect that they can do the things in a rightful manner. Therefore, remember that when we are talking about fair processes, there are different things that we need to talk about. For example, let your decency be fair, the things should be clarified, shared and demonstrated. Number two, channel people's energy towards organizational goals, then develop an environment of trust and cooperation and the people would not be able to demonstrate what they are supposed to demonstrate. Another important thing is, as a leader, develop their commitment trust and innovation and as we all know that they should be not only inventing things but also commercializing those things which is the true spirit of innovation. So to bring that true spirit of innovation, it is necessary to have a trust based on them. Last but not the least point is that welcome the idea and creativity. So whatever the thoughts of their mind, whatever the way they want to do decency and making, whatever their novel ideas are, you should welcome them. Because of that, an encouragement will be created in the employee, they will feel enthusiastic, they will feel a sense of involvement and belonging. And that will help them to work better for the organization. Dear students, if we conclude all this, then remember that it is necessary for us to recognize the capabilities of people. Every person needs a unique capability. So it is the most important thing for a leader to be aware of that unique capability. Thank you.