article thumbnail

Two Kinds of People You Should Never Negotiate With

Harvard Business Review

The time and energy it will take to continue will eventually outweigh any potential gains you could achieve through negotiation. Negotiation is a method for resolving conflicts of interest, not for adjudicating who is at fault. Your goal should be to extricate yourself with the most gains (or least losses) possible.

article thumbnail

Ten Essential Tips for Hiring Your Next CEO

Harvard Business Review

Effective succession requires offering incentives to these potential chief executives—including extra compensation—to retain their presence as CEOs-in-waiting if a well-performing chief executive still has ample energy in the battery. Review outside consultants carefully to prevent conflicts of interest.

CEO 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When Transparency Backfires, and How to Prevent It

Harvard Business Review

In a tragic example, at a Dutch energy supplier that used rigorous, transparent safety standards to deal with toxic waste, employees came to work one day to find the company’s safety officer dead of a workplace accident. A similar effect can happen when the goal of transparency is not only ethics but also other desired behavior.

How To 8
article thumbnail

The Big Picture of Business – Business Lessons to be Learned from the Enron Scandal

Strategy Driven

Yet, when the company shifted from being an energy supplier to the hucksterish energy trader, the charitable activities were dispensed with. The way the California energy crisis was handled speaks to Enron’s disdain for media openness. When goals are only in financial terms, the company is disproportionately lopsided.