 India students welcome you in the course of leadership and most intelligence and the seaian making. This is module number 106. And we are going to talk about fair process managing in the knowledge economy. And we are going to talk about in terms of idea and practice. When we talk about idea and practice we technically want to demonstrate our ideas by looking at their wprowaditions of that. As we discussed in the idea brief of the manager is there के हम उनको चलिझन्टंग आईटीआज दें आईटीआज को अपने अईटीआज को इस्त्रह से कराफ्ट करें, के जिस में इक इनर्जी, इक जील तो हमें मिल सकेः. और अब मेंजिनेह्सास, निगे aquarium is, how can we create an environment where there is respect, where there is trust, where there is wisdom, विसुडंको ल्खंगा किया जा इ हो, and at the same time, when we talk about engagement then we have to come up with commitment of the employees, उनकि न्वाल्डिलिक, उनकि अनकरज्मन्त कि सात सात, हमें गमितमाद भी दरकार है, ताके these should be committed to work for the organization for its long-term survival above average return the second important principal in the fair process is talking about explanation. औब हमigned the second important principal in a fair process is talking about expression औब when we are going to talk about explanation, then the most important thing in the explanation is that we clarify our ideas with others, that we did any decision just because of the background of that decision. Our noses are about which processes we had a particular decision based on that the people should feel involved. Second, in explanation, we discuss that we can reassure others that their opinion is always welcomed. We do not let their opinion go astray. We give their opinion a particular weightage in our decisions. And obviously, today or tomorrow, their opinion will be contributing to our future decisions. At the same time, when we talk about explanations, we have to create an environment of trust and obviously the sharing because without sharing, what you want to communicate is incomplete. The third important principle in the fair process when we talk about the creation of knowledge economy is basically related to expectations. As we visualized in the total leadership context we have to work according to the expectations of our stakeholders. By meeting and sharing expectations, we are better able to demonstrate our true capabilities. Now, remember about expectations. First of all, we have to share the expectations. Secondly, we have to see what our performance standards are so that qualitatively or quantitatively people should be knowing what to do, when to do, how to do. Thirdly, we have to see that we will penalize the failures and if we do a good job, we will reward them. With this, people's learning can develop better because they will try to better contribute to the reward in a constructive manner. And the last but not the least point in expectation is that we have to avoid the favoritism. We should not use any kind of biasness or prejudice attitude because from that people would not be able to demonstrate their capabilities and they would be feeling as if they are left behind. Therefore, expectations, explanations these are all the things we want with which we can bring people's involvement and engagement. Dear students, if we try to conclude this whole discussion remember in the creation of the knowledge economy we are there to come up with fair processes or fairness to be created when the people are aware about what's going on, what are the things done in their motivation and how can they contribute towards betterment of the organization or the facility they are working in. Thank you.