Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business Review

Legitimate concerns over conflict of interest that have resulted in overly extreme preventative policies are a central cause. It is time for all parties to revisit those policies and replace them with rules that recognize both true conflicts and true confluences of interest. They are essential to forging the strong collaborations that are worthy of society’s trust. The Leading Edge of Health Care.

The Eight Pillars of Trust

Leading Blog

A lack of trust is your biggest expense. It is the currency of business and life. Trust is a confident belief in someone or something to do what is right, deliver what is promised, and to be the same every time in spite of circumstances. The eight pillars of trust form the framework for learning to build trust and overcoming the twelve barriers. Probably the most important pillar of all as it gives meaning to all of the other pillars.

How to Manage Subject Matter Experts

Lead Change Blog

As a business leader, you’ll often find yourself in the position of working with external subject matter experts (SMEs) to supplement your team’s knowledge base, or help you with a particular task that your team isn’t built to complete on its own. The expert has the “curse of knowledge”.

How to Be Generous in Business

Nathan Magnuson

It’s one of the greatest antidotes to selfishness there is. Obviously there is no shortage of needs both locally and globally. But the potency of individual generosity is far surpassed by the momentum organizational generosity can build.

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6 reasons a leader’s personal business is the company’s business

Bud to Boss

David Petraeus resigned from his post as head of the CIA, there was an outpouring of sympathetic media. New developments in the story might have quieted these critics a bit. But this is also true of businesses headed by powerful or charismatic founders, who see themselves as commanders of their own business universe. The ability to make difficult decisions consistently and use good judgment is part of why leaders get paid the big bucks.

StrategyDriven Editorial Perspective – No Free Lunch

Strategy Driven

Nothing, of course, could be farther from the truth. Winston Churchill Prime Minister of the United Kingdom (1940-45, 51-55) and Nobel Laureate (literature) The following video is that of a lecture made by Nobel Laureate and Economist Milton Friedman.

6 reasons a leader’s personal business is the company’s business

Bud to Boss

David Petraeus resigned from his post as head of the CIA, there was an outpouring of sympathetic media. New developments in the story might have quieted these critics a bit. But this is also true of businesses headed by powerful or charismatic founders, who see themselves as commanders of their own business universe. The ability to make difficult decisions consistently and use good judgment is part of why leaders get paid the big bucks.

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

Strategy Driven

This is my own Big Picture full-scope analysis of the Enron debacle. have been carefully observing Enron with interest since 1984 and have seen the trouble coming for most of those years. Business development. Body of Knowledge. Concept of Examining the Company.

Research: Do People Really Get Promoted to Their Level of Incompetence?

Harvard Business Review

Perhaps it’s the familiarity of this experience that lends the Peter Principle its popular appeal. In other words, organizations manage careers so that everyone “rises to the level of their incompetence.” To test whether firms really are passing over the best potential managers by promoting the top performers in their old roles, we examined data on the performance of salespeople and their managers at 214 firms. HIROKAZU JIKE/Getty Images.

Big Pharma's Hidden Business Model and How Your Company Funds It

Harvard Business Review

Business executives may not know it, but they are wasting billions of their gross profits on ineffective, even harmful drugs in their health plans. That's one implication of the study Joel Lexchin and I just published in the BMJ (formerly British Medical Journal ).

How Pharma Can Fix Its Reputation and Its Business at the Same Time

Harvard Business Review

The business model of research-based pharmaceutical companies is under significant pressure. By that I mean that pharma companies should develop innovative treatments for pervasive unmet medical needs; avoid corruption, collusion, and other unethical marketing practices; and make sure that their products reach as many patients around the world as possible. It’s a fact that the current business model of pharma companies is not working efficiently.

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6 Traits That Predict Ethical Behavior at Work

Harvard Business Review

Trust and openness are crucial elements of an ethical organizational culture. A first step in building this kind of culture involves a hiring approach in which companies actively seek those individuals inclined to speak up when ethical challenges surface. Research shows that conscientiousness is indeed positively associated with higher levels of moral reasoning, leading people high in this trait to display less antisocial, unethical, and even criminal behavior.

Adapting Your Organizational Processes to a New Culture

Harvard Business Review

We all know that in a foreign culture, one of the most important skills to develop is the ability to translate, to learn to speak the new language — or at least master a few key phrases. In large markets, it’s common for one person to occupy one job function, but in smaller markets, an individual may have two or even three roles at a time, based on market needs and the amount of work required. Make your leaders aware of cultural differences.

The “Maximize Profits” Trap in Decision Making

Harvard Business Review

This logic and the institutions that reinforce it, like competitive markets and the rule of law, have transformed the world and lifted billions of people from poverty. Should you simply follow the law and make whatever decision maximizes profits–or should you think hard about the impact of your decision on the health and lives of patients? From a humanist perspective, this notion is an astounding way of thinking.

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Why Hillary Clinton Gets Interrupted More than Donald Trump

Harvard Business Review

Whether consciously or not, Lauer behaved toward the presidential candidates in a way that was consistent with much of the research about gender stereotypes and discrimination. These differences in the treatment of men and women are robust, research shows. Take the issue of interruption, for instance. times over the course of a three-minute dialogue; if his counterpart was male, however, that number was 1.8 They interrupted an average of 2.9

How Risk Reduction Is (and Isn't) Rocket Science

Harvard Business Review

The secret isn't rocket science — it's a full-time commitment to the art and science of project management. PMI's Pulse of the Profession Survey shows that more than two-thirds of project-based organizations have created a dedicated Project Management Office to lead such efforts.

The Case for Corporate Disobedience

Harvard Business Review

If your company puts you in charge of developing a foreign market or a new line of business, your challenges are in many ways similar to those facing a startup. In theory, you have decent odds of getting it right.

Connect Inventors with the Right Problems

Harvard Business Review

When one of us (Walker) helped developed the idea that became Priceline.com, the challenge was to solve a decades-long problem: how could airplanes and hotels fill their last, otherwise empty and perishable rooms and seats while holding the line on the price and profitability of most bookings?

How Risk Reduction Is (and Isn't) Rocket Science

Harvard Business Review

The secret isn't rocket science — it's a full-time commitment to the art and science of project management. PMI's Pulse of the Profession Survey shows that more than two-thirds of project-based organizations have created a dedicated Project Management Office to lead such efforts. More important, the study highlights the key role that project teams play in the success of their initiatives and how organizations can best support their teams.

Make It Easier for Your Boss to Say Yes to a Vacation Request

Harvard Business Review

In an office where overworking is a badge of honor — if not a competitive sport — a request for vacation can be daunting, even if vacation time is part of your compensation package. Her family, however, would hear of nothing less.) Photo by Andrew Nguyen.

Integrating Maintenance of Board Certification and Health Systems’ Quality-Improvement Programs

Harvard Business Review

Health care systems are transforming themselves to deliver the “Triple Aim” of providing better care and a better patient experience, improving the health of populations, and lowering the cost of care. Develop standards for QIPs.

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Ten Essential Tips for Hiring Your Next CEO

Harvard Business Review

Include in the current CEO’s evaluation an assessment of how well the company is building a succession plan for the next generation of company leaders. Seek candid comparative data on inside CEO candidates from those who had worked with all of them.

Two Kinds of People You Should Never Negotiate With

Harvard Business Review

The vast majority of the time, this is sound advice. But as a psychologist, I know that approximately 1% of the time , people are the problem. First, determine what sort of person or people you’re trying to negotiate with (i.e.

At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

One of the great challenges for business leaders is to separate fact from opinion. In 2011, Woodford was asked to lead the Japanese maker of optical equipment, first as president (in April) then as CEO (in September). In July, he was confronted with a piece of investigative journalism in Japan alleging improprieties in two large Olympus acquisitions. When word reached the Olympus board in Tokyo of the inquiry, Woodford was fired.

Are Uber and Facebook Turning Users into Lobbyists?

Harvard Business Review

Facebook’s News Feed stream is an incredibly valuable piece of digital real estate, without historical precedent. This week, Facebook took advantage of this asset for political purposes. We’re being introduced to a new lever of corporate influence on democracy.

The Future Economy Project: Advice from Sustainability Experts

Harvard Business Review

The discussion with Michael Toffel and Rebecca Henderson of Harvard Business School, Tensie Whelan of NYU’s Stern School of Business, and Andrew Winston of Winston Eco-Strategies has been condensed and edited for clarity. HBR: Of the interviews, what jumped out at you? Toffel: I thought Paul Polman was spot-on when he was breaking down the challenge of corporate sustainability into tactical and systemic issues. Future Economy. Future Thinking.

What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back

Harvard Business Review

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank , the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession. Dodd-Frank is enormously complex, and we didn’t touch on all of it. This is a core dilemma of Dodd-Frank, and all financial regulation.