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Measuring Right: Understanding Goodhart’s Law

QAspire

If you don’t frame your metrics right, they can distort behaviors. A bank executive once insisted that I do him a favor by getting a free credit card (even when I did not require it). In an organizational context, how do we manage this? Over to you: How would you manage metrics so that they enable right behaviors?

Metrics 118
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Championing Diversity and Inclusion at Bank of America

HR Digest

In 2012, we began to launch Diversity Leadership Councils, starting with our Black Executive Leadership Council (BELC). When our employees have the tools and resources to manage their life and their career, they are able to better deliver for our clients. What do employees really value? Has that changed over time?

Banking 78
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Leading by Cause

Lead Change Blog

A recent conversation with a community bank CEO focused on his vision for the company. Logic tells us we can manage cause, but only measure effect. Shifting to cause-based analysis of results positions leaders to laser-target interventions – coaching, guiding, managing or taking direct action – to change the trajectory of outcomes.

P&L 220
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How should managers role-model inclusion in their workplaces?

Chartered Management Institute

And how should managers role-model inclusion in their workplaces? Start with authenticity “For me,” Catherine adds, “it’s important that those in positions of leadership can be their authentic selves. But what is inclusivity? What does it mean for organisations and leaders? It’s about being yourself.” He understands the challenges.

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The Optimist’s Telescope: Thinking Ahead in a Reckless Age

Leading Blog

At a Stanford Director’s College in 2016, Roger Dunbar, chair of the Silicon Valley Bank, told Venkataraman that “when he hears company executives or board members responding to short-term noise with outsize reactions, he likes to pretend he is lost. It helps too to look past typical metrics to see what is actually happening long-term.

Long-term 224
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3 Common Mistakes That Prevent Leaders from Building Trust

Lead Change Blog

It reminds me of the old project management adage: people don’t plan to fail; they just fail to plan. I’ve seen hundreds of representations of trust: wedding rings, a cross, a child holding a parent’s hand, a bank vault, and people shaking hands, just to name a few of the common ones.

Planning 264
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CMI Highlights – 9 August

Chartered Management Institute

At CMI, we disagree: we believe that better equipped managers means better performing public services. According to CMI’s recent research in collaboration with the Social Market Foundation , more than one in four NHS managers said senior leadership in their healthcare organisations was “ineffective”. Read the full story here.