Harvard Business Review

NOVEMBER 16, 2018

Yet, according to the World Bank , roughly one-third of firms around the world use kickbacks, paying an estimated total of $400 billion a year. ” Of course, copying what your competitors do — especially when it is illegal and inefficient – is the opposite of innovative. authorities on charges of overseas bribery. .

Management 10

Management Ethics Cost Bureaucracy 10

Harvard Business Review

SEPTEMBER 27, 2011

A friend who has worked for decades at the Bank of America told me that the company fully understood the poor loans it was making. The people working for the bank weren't idiots. If the analyst didn't like the fact that this might constrain profits in the short term, he could sell the stock. As former Procter & Gamble CEO A.

CEO 13

CEO Benchmarking Long-term Banking 13

Harvard Business Review

FEBRUARY 2, 2012

A few of the bullet points: • Banks insured by the Federal Deposit Insurance Corporation have $1.5 trillion in capital — the highest capital levels in the history of American banking. • Executive compensation has been reformed significantly to align with long-term performance. The largest U.S. The largest U.S.

Finance 13

Finance Motivation White Paper Banking 13

Harvard Business Review

MAY 18, 2015

For example, Jamie Dimon, CEO of JP Morgan, said that since 2012 his bank hired an additional 13,000 people to work in the area of compliance. Research in the area of behavioral business ethics has demonstrated that most of the initial ethical transgressions in business go unnoticed, even for those committing the transgression.

Compliance 8

Compliance Company Self-aware Ethics 8

Harvard Business Review

MARCH 11, 2011

The shorthand explanation: Globalization, technological change, and deregulation have disrupted long-established industries and professions. In times of change, businesses have to adapt and innovate. But businesses and professions that have been around for years tend to develop codes or ethics or at least norms of acceptable behavior.

PR 9

PR Public Relations Porter Hedge 9

Harvard Business Review

JULY 6, 2018

Advocates for rapid technology adoption often argue that humans are no better at explaining decisions than machines, and so we should table the question to accelerate innovation. It’s hard to measure and get feedback on long-term outcomes, but these known unknowns can be the most valuable for a system’s performance.

Compliance 8

Compliance Document System Learning-by-Doing 8

Harvard Business Review

FEBRUARY 6, 2014

When asked how she had built great relationships with three different sponsors, Sian McIntyre, head of Legal at Lloyd’s Banking Group, says simply, “I’ve delivered.” He was amenable to that as long as I kept it private,” Tiger recalls. “We To begin with, you must come through on two obvious fronts: performance and loyalty.

Loyalty 10

Loyalty Bottom-up Short-term Bond 10

Harvard Business Review

JANUARY 14, 2013

It's a long read, but it's worth taking the time to do so. In sentencing the executives responsible for what happened, the judge described how "what has occurred in this case, in terms of wrongfulness — it's 11 on a scale of 10." billion, which as one analyst noted is about five weeks of income for the bank.

Guidelines 11

Guidelines Banking Download Library 11

Harvard Business Review

OCTOBER 10, 2017

Adaptive performance manifests as creativity, problem solving, grit, innovation, and citizenship. In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve Maintaining great performance over the long term will require organizations to also emphasize adaptive performance.

Organization 12

Organization Tactics Call Center Metrics 12

Strategy Driven

FEBRUARY 4, 2011

Or, do we now see the need and importance to embrace longer-term approaches? How much further should we extend ethics? Sadly, many of the perpetrators did not see lapses in ethics… it was legal and just business to them. The term CEO has recently been held in disfavor. Juliano Howard T. Dickens Jr.

Ethics 58

Ethics Cost Crisis Learning-by-Doing 58

Harvard Business Review

NOVEMBER 28, 2017

Even in one of the most market-oriented societies in human history, it appears very difficult to make most people appreciate that ethical and profitable business practices do not fundamentally conflict. Making them think about profit in the long run had little effect. We describe these views as anti-profit beliefs. Our research.

Company 8

Company Short-term Long-term Price 8

Harvard Business Review

JUNE 27, 2017

As brands assume more and more AI functionality, businesses must proactively manage any potential ethical and legal concerns. Because of that, good and bad impressions may have long-term, global reach. ” All this is very much in keeping with the Apple brand, which has long espoused individuality over conformity.

Brand 10

Brand Disintermediation Ethics Technology 10

HR Digest

JANUARY 10, 2024

Walmart wants customers to know them for low prices, Singapore Airlines customers know them for customer connectivity, Apple customers perceive innovation and Fed Ex customers expect speed. My excitement and positive feelings for the project didn’t last long. Day-to-day support work is concrete, urgent and short-term.

Ulrich 52

Ulrich Leadership Diversity Audience 52