Frank Sonnenberg Online

AUGUST 17, 2021

Long story short, depending on a person’s short-term goals and long-term aspirations, money isn’t always the primary factor motivating them at work. These employees want more than a paycheck because they’re taking a long-term view. For the employer: The free market has an invisible hand. Invest in yourself.

Short-term 137

Short-term Long-term Ethics Motivation 137

Harvard Business Review

MARCH 22, 2018

Over the last decade, industries, academics, and the public sector have turned their focus toward culture and ethics in response to the financial crisis as well as misconduct at a broad range of corporations. Market Failures and Misconduct Risk. The justification for this attention comes from relatively simple economics. Externalities.

Company 10

Company Banking Incentives Human Capital 10

Harvard Business Review

NOVEMBER 16, 2018

Studies show that it’s also counterproductive resulting in lower profit margins, return on equity , and employee morale ; costly delays as players haggle over the size of the kickback; and poverty and poor governance in the markets where they’re paid. ” Identify “moon markets” and walk away.

Management 9

Management Ethics Cost Bureaucracy 9

Harvard Business Review

MAY 25, 2017

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. ” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. The Commonwealth Bank appeared to shareholders as simply putting out a fire.

TSR 8

TSR Banking Committee Incentives 8

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. But that's not what goes on.

CEO 13

CEO Benchmarking Long-term Banking 13

Harvard Business Review

MAY 1, 2012

Fastow suggested that to avoid falling into an ethical trap he should have asked himself the right questions: Am I only following the rules or am I following the principles? Banks are now engaging in "capital relief" deals that inflate regulatory capital in advance of the new Basel standards. The market must value transparency.

Chief Financial Officer 10

Chief Financial Officer Finance Banking Class 10

Harvard Business Review

FEBRUARY 3, 2014

Instead, the regulatory filing simply listed, in summary fashion, “factors” supporting the raise, without any analysis elsewhere: JPM’s long-term performance; gains in market share and customer satisfaction; resolution of regulatory issues; improved control structures and processes; and leadership improvements.

Banking 8

Banking Fashion CEO Short-term 8

Harvard Business Review

JULY 6, 2018

Who should be involved in decisions regarding business impact, regulatory compliance, technical approach, and even ethical values when companies integrate machine learning into business operations? Do different use cases require different types of explanations? A business analyst should map out the end-to-end business process.

Compliance 8

Compliance Document System Learning-by-Doing 8

Harvard Business Review

APRIL 22, 2011

The microfinance industry has in just a few years gone from making headlines for the Nobel Peace Prize to stories about limited impact, allegedly abusive tactics, client suicides, government crackdowns, major lenders struggling with insolvency and the forcible removal of Mohammed Yunus as Managing Director of Grameen Bank.

Microfinance 15

Microfinance Entrepreneur Crisis Short-term 15

Harvard Business Review

AUGUST 31, 2015

Similar controversies have erupted in recent years following the publication of Anne Marie Slaughter’s essay “ Why Women Still Can’t Have It All ,” or news of an investment bank intern’s death. This loosening of long-term bonds has brought more uncertainty to all workers, and more freedom to a fortunate few.

Long-term 8

Long-term Loyalty Uncertainty Banking 8

Strategy Driven

MARCH 2, 2012

Short tenure in consulting, believing that recent corporate experience readily translates to the entrepreneurial marketplace. Niche consultants place emphasis in the areas where they have training, expertise and staff support for implementation… and will market their services accordingly. What They Claim They Do. Sales trainers.

Consultative 59

Consultative Short-term Budgeting Strategic Planning 59

Harvard Business Review

NOVEMBER 28, 2017

One of your executives comes to you with a proposal: she wants to lower the quality of service at the restaurants, reduce product safety standards, use deceptive marketing practices, lower employee pay, and adopt worse environmental practices. Why do anti-profit beliefs persist in a market society? Our research.

Company 8

Company Short-term Long-term Price 8

Harvard Business Review

JULY 20, 2016

Japan’s educational institutions and cultural work ethic give its managers a jump-start in their careers, but most companies don’t continue the development process as far as it could go. Just look at the leaders of ANZ, the global banking group headquartered in Melbourne. What we found was an incredible paradox.

Drotter 8

Drotter Charan Leadership Pipeline Short-term 8

Harvard Business Review

MAY 15, 2015

I call the first couple of years in one’s career the Aspiration Phase, in which it’s all about exercising one’s intellectual and interpersonal energies, and bringing enthusiasm, work ethic, and energy to an organization. Money, which includes base salary, bonus potential, and perhaps equity or long-term compensation.

Career 8

Career Follow-up Advice Learning-by-Doing 8

HR Digest

JANUARY 10, 2024

Can you share specific examples of how these capabilities have measurably impacted market value? Over the last four decades, drivers of market value have shifted significantly. In the late 1970s 95% of market value was derived from earnings. Fast forward to the 2020s, and earnings now account for only 15 to 20% of market value.

Ulrich 52

Ulrich Leadership Diversity Audience 52