Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

While their job may have been setting or applying strict credit policies in the past, they may now start to wonder whether their traditional credit rating models are still effective. Walsh is the CEO of Tomorrow, a global consultancy on designing companies for the 21 st century. * * * Like us on Instagram and Facebook for additional leadership and personal development ideas.

7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business

They are then reviewed by the company’s Manufacturing Leadership Council. According to Jim Gallogly, no matter how low the OSHA recordable injury rate, if there is a serious incident — a fire, a chemical release, a worker is seriously hurt — no manager gets a bonus. ” Rethink how you think about injury rates. Injury rates, often called “OSHA recordables” are important metrics, in that they reflect the very real experience of your workforce.

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A Lesson from Warren Buffet about Ethical Blind Spots

Harvard Business Review

It also accounts in part for the failure of security rating agencies to accurately gauge the riskiness of the instruments they rate. And, when we allow financial firms to choose for themselves the agencies that rates their financial products, the agencies have every incentive to be lax. Ethics LeadershipThe data seem clear on David Sokol's conflict of interest in the Berkshire/Lubrizol deal.

The Real Solution Is Growth

Harvard Business Review

Recent headlines have focused on the debt ceiling , the recent credit rating downgrade , unemployment , and the other thorny fiscal challenges facing the United States. But consider this: increasing the country's average growth rate by one percentage point over the next 20 years would not only result in much higher incomes and more jobs for all Americans but would also obviate the need for drastic spending cuts today to reign in the government deficit.