The Problem with the Profit Motive in Finance

Harvard Business Review

It was an event packed with prominent people who work (or worked) in finance, but seem to come from a different, more genteel world than the bulk of modern Wall Street: Bogle, Swensen, former Fed chairman Paul Volcker, former TIAA-CREF CEO John Biggs. It drives hard work, innovation, and the success of the capitalist system. You can make a lot of money in finance doing things that are bound blow up in someone's face a few years down the road. Compensation Ethics Finance

Quotes And Leadership Lessons From Ant-Man And The Wasp

Joseph Lalonde

Wonder leads to innovation – Leadership lessons from Ant-Man And The Wasp Click To Tweet. You can’t be an ethical leader while doing unethical things. A Reel Leadership Article Paul Rudd and Evangeline Lilly return in the 20th Marvel Cinematic Universe movie Ant-Man And The Wasp.

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The Future Is Where Brands Must Focus

Great Leadership By Dan

And the actions that these brands take to demonstrate their credibility must clearly illustrate a blend of corporate ethics and brand authenticity. Therefore, it includes issues such as the ethical sourcing of ingredients, to environmentally sound production methodologies, to paying a decent living wage to production line workers, to adhering to animal-welfare, to pricing in a transparent manner, to communicating totally honest claims, etc.

Brand 175

If You're Not Pissing Someone Off, You're Probably Not Innovating

Harvard Business Review

As the editor of the journal Innovations , I'm asked with some regularity, "So, what is innovation anyhow? But one thing is for sure: If you're not pissing someone off, it's probably not innovation.". I like this response because, if it doesn't end the conversation, it usually shifts it from definitions to dynamics — which is what innovation is all about, after all. Ethics aren't just important in business," Branson says. Innovating in the Scary Zone.

Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business

How the most innovative providers are creating value. Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. Ethics Research & development Government Healthcare Pharmaceuticals Digital Article

Leadership Lessons from the Banking Upheaval

Great Leadership By Dan

But it’s the opposite of what’s needed to drive the things the financial industry needs right now – in particular, innovation. Only 53% of financial employees rate their firm’s ability to innovate: at top-performing companies, this figure is 70%. Leaders have a critical role to play in creating the conditions for successful innovation. If one thing stifles innovation, it’s closed minds. In any industry it’s hard to innovate and change from within.

These Are the People You Need on Your Startup Team

Chart Your Course

Business leadership researchers tell us that the best traits for your CFO are emotional stability and global ethics. The finance department is your business foundation so you need it to be one that you can trust. One of the issues that tech innovators find is the mad-genius paradox. New ventures, especially tech startups, have a character of their own. Often the leader is brilliant and quirky and the team is passionate and driven.

CFO 100

The Trust Issue

Strategy Driven

The ‘actual’ difference between ethical brands with a moral code and those exposed as being without one, is increasingly a key factor in consumer brand adoption or rejection. This approach very much links to social innovation and indeed conspicuous altruism. Fortunately there are numerous shining examples of organisations that are showing us all ‘how to do it better’ ranging across the business spectrum, in sectors ranging from beauty to finance, and from fashion to beverages.

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Statesman vs. Politician | N2Growth Blog

N2Growth Blog

This is the distinction between what he terms the 'Character Ethic' vs the 'Personality Ethic' The prior depends on deep changes within each of us including our view of creating a legacy for future generations.

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Why Bankers Need to Be Put Into Little Boxes

Harvard Business Review

To mainstream economists the Glass-Steagall Act that separated the banking and securities industries looked like a competition-restricting, innovation-damping anachronism. And in an era when innovation is (rightly) celebrated , it is a sector where traditions — and compartments — serve a clear purpose. Compensation Ethics Finance

Loyalty vs. Tenure | N2Growth Blog

N2Growth Blog

Tenure Inhibits Change and Cripples Innovation : Organizations that favor tenure also tend to be prone to majoring in the minors. All of these traits preclude the advancement of change initiatives and cripple innovation. Reward talent, innovation, loyalty, attitude, creativity, work ethic, contribution, and leadership ability…not tenure.

5 Voices Church Leaders Should Be Listening to Right Now

Ron Edmondson

They are a trusted and reliable source on issues of law and finance. ERLC – When it came to whether or not we should ethically apply for government relief funds, Russell Moore and his team were my most trusted voice. Pastor, don’t be afraid to be the innovator. There is so much information today about COVID-19 and how the church needs to respond to it – especially going forward. I’ve been invited to more webinars than I can count.

Should CEOs Have Term Limits? | N2Growth Blog

N2Growth Blog

Furthermore, last time I checked a CEO can always be removed for lack of performance, or moral and ethical indiscretions, so what purpose do CEO term limits serve other than to disincentivize the CEO? My recommendation is not to hand-cuff or bridle your CEO, rather give the CEO room to lead, maneuver, innovate and succeed.

CEO 251

Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

The result was an intense focus on risk, including risks related to ethical standards. But leverage limits may have unintended consequences for capital markets’ competitiveness, innovation, growth, and efficiency. Ethics Finance Risk management Over the summer, U.S. regulators announced new rules that would limit the leverage (ratio of debt or assets to equity) that the biggest U.S. banks can use in their business.

Leadership and Product Management

Lead on Purpose

Accounting/Finance: This group is often completely ignored by product management.

Bonus or No Bonus? | N2Growth Blog

N2Growth Blog

I personally dont feel bonuses work to promote a good work ethic. salary X, if certain milestones are met on schedule and also tied work ethic and thorough performance-both field and paperwork… a person would have the ability to increase their pay by X.

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Manager vs. ?

Lead on Purpose

I think about the things I manage (personal finances, household, a team of people).

Nabob and the Coffee Kerfuffle: How the 120-year-old brand managed to maintain its challenger status.

In the CEO Afterlife

Years later, it took on bigger players by introducing new innovative packaging to the market, and subsequently carving out a double-digit share when few thought it could be done. Its strategy to get out ahead of the competition rested on the innovative, hard, vacuum-sealed packaging its then-parent company, Jacob Suchard, was using in Europe at the time. So we had to make sure our advertising was [intrusive], our promotions were better and to continually innovate with new things.”.

Top 10 US Cities to Capture Small Business Recovery Act Dollars.

Women on Business

Energy : Promote solar power , renewable energy , smart grids and develop domestic energy sources Green Building : Build energy-efficient homes and public buildings Science and Technology : Promote scientific research and innovation Transportation : Upgrade the transportation infrastructure with new roads, bridges, and mass transit systems Education : Improve public schools and job training The Recovery Act envisions a smarter, more efficient, more productive future.

Leadership & Influence Summit | N2Growth Blog

N2Growth Blog

How about a discussion on what leaders can do to inspire cultural innovation. Many organisations talk about the need to become more innovative and to seek game-changing improvements to their business models or business processes but they need to look at the cultural inhibitors which prevent people from committing to and exploring unpopular and industry changing ideas (tried before, not invested here, never fly in our organisation etc.)

8 Traits of Ineffective Leaders | N2Growth Blog

N2Growth Blog

The best leaders are focused on leading change and innovation to keep their organizations fresh, dynamic and growing. They find ways to consistently engage them and incorporate them into their innovation and planning initiatives. Others include a lack of focus on culture, failure to question assumptions, and poor innovation.

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Stretch Assignments for High Potential Employees


Secure financing for a key acquisition. Lead people from different cultures, gender, or racial or ethic backgrounds. When Steve Jobs saw an opportunity to innovate or a new market, he went after it, even if it meant cannibalizing one of his own successful products. Think of the last time you really grew fast. Chances are, you faced a significant challenge.

Vision vs. Mission | N2Growth Blog

N2Growth Blog

Our responsibility is to respect the ethic. Furthermore, the enduring anchor of an organization is found in its values and ethics, not its mission. While values and ethics remain consistent, delivery models must change with time to in order to endure.

Blog 313

Nominations Being Accepted for Exceptional Women in Business.

Women on Business

According to today’s press release from Veuve Clicquot, the award recognizes successful British businesswomen with judges focusing on the following qualities: Achievement Motivational ability Innovation Creativity Business acumen Entrepreneurship Dynamism Charisma A profound concern for the sustainable growth of her business and development of her team A focus on responsible and sustainable growth as it relates to the environment Do you know a British woman in business who fits the bill?

Leadership Self Examination | N2Growth Blog

N2Growth Blog

They will not compromise their value system and personal ethics for temporary gain.

Blog 290

Building Your Brand “Buddy The Elf” Style – Part 2 :: Women on.

Women on Business

If they are feeling your brand understands them and their needs, is innovative, is a good value, and cares about them, they are now ready to jump in and interact with you.

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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business

As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR. Uber apparently lacked oversight about sexual harassment behavior; it seems far less likely that such oversight would be lacking when it comes to finance. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

Leadership & Political Correctness | N2Growth Blog

N2Growth Blog

I don’t know about you, but it’s almost as if we have raised a generation of leaders who feel they have a moral and ethical obligation to be politically correct – WRONG. In my opinion politically correct thinking is a large contributor to a decrease in workplace productivity, and of greater concern, to the moral and ethical decay of our society. We need to look to leadership examples of truly radical, innovative, in-your-face teams like that at Nucor Steel.

Great Leaders Make Decisions | N2Growth Blog

N2Growth Blog

Walt Disney, one of the greatest creative talents and true innovators of our time realized the value of action when he said: “The way to get started is to quit talking and begin doing.&# Furthermore, if your company isn’t leveraging action learning to develop leaders, fuel innovation, foster collaboration, and catalyze growth then you are missing a substantial opportunity.

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Definition of Leadership | N2Growth Blog

N2Growth Blog

Life is either a daring adventure or nothing.&# - Helen Keller “Let no pleasure tempt thee, no profit allure thee, no persuasion move thee, to do anything which thou knowest to be evil; so shalt thou always live jollity; for a good conscience is a continual Christmas.&# - Benjamin Franklin “A person who is fundamentally honest doesn’t need a code of ethics. The Ten Commandments and the Sermon on the Mount are all the ethical code anybody needs.&# - Harry S.

The Big Picture of Business – Business Success Checklist

Strategy Driven

It is important to identify swings and trends so that innovation can remain a strength of your business. Strategic Plan includes provisions for refinancing, equity and debt financing. Finance charges are negotiated. The organization maintains and lives by an ethics statement. When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation.

Why Do Corporations Need A Single Purpose?

Harvard Business Review

A generation of economists, finance theorists, business school professors, and would-be governance experts has embraced the notion that companies exist only to maximize "shareholder value.". The idea that directors' only goal should be to raise share price in the near future resolves these differences among shareholders by privileging the small subgroup who are most short-sighted, opportunistic, willing to impose external costs, and indifferent to ethics and others' welfare.

The Fallacy of No | N2Growth Blog

N2Growth Blog

The word no ends discussions, stifles creativity, kills innovation, impedes learning, and gates initiative. It's not – Unless the request infringes upon our values, moral or ethical standards using no as a response is just intellectually lazy, avoidance or ego centric – imho [link] mikemyatt So Dan, tell me how you really feel All kidding aside, you and I are definitely on the same page here.

Blog 305

The Marvelous Connector

Women on Business

What are some innovative ways you can target and reach your potential advocates?

People Do Business With You…But Why?

Women on Business

In this TED video , Sinek explains what he believes to be the reason for Apple’s constant innovations and their repeated successes.

What If Google Had a Hedge Fund?

Harvard Business Review

The same investment logic holds for Apple's innovation ecosystem; the flow and fortune of its third-party apps development alone would yield valuable insight. Yes, this exercise will surface all manner of ethical — and possibly legal — conflicts and risks. But those are exactly the kinds of values conversations (privacy, exclusivity, fairness, and intellectual property) innovative organizations need to have. Finance Google Information & technology

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Introducing 100 Coaches: Pay It Forward Champions

Marshall Goldsmith

Co-founder of Rose Park Advisors—Disruptive Innovation Fund. A leading thinker on strategy and breakthrough innovation. Formerly a leader in the automotive, retail, restaurant, media innovation and consulting industries. Darek Lenart – Senior VP HR, Finance MasterCard. Leads Tuck’s incredibly innovative coaching program. Sanyin Siang – Executive Director of the Duke University Fuqua/Coach K Center on Leadership & Ethics (COLE).

CEO 70

Tanya Maslach Joins Women On Business as a Contributing Writer.

Women on Business

Tanya energizes leaders to help them light the spark in their teams that results in: the proliferation of ideas and innovation,shorter cycle times, more collaborative environments, and high customer and employee loyalty.

Attitude Reflects Leadership

N2Growth Blog

Unless an untreated psychological, neurological or psychiatric condition exists, an inability to change is likely self-inflicted by one or all of the following: no recognition of needed change; no desire to change, or lack of work ethic needed to cause the change.

Guest Post: Watch Out for Flying Monkeys!

Lead on Purpose

Maintaining a relationship with executive administrators, travel, finance, sales and development can provide valuable information on travel schedules, agendas and the details that will reinforce the emergence of Flying Monkeys.

Lessons from the Three Cups of Tea Controversy

Harvard Business Review

In case you have just returned from, say, a long trek in the Himalayas and haven't heard about it, 60 Minutes and well-known adventure sports author Jon Krakauer claim that, among other things, many of the schools that Mortenson has helped build in Pakistan and Afghanstan are sitting unused and empty, and that the finances of his charity are mismanaged.). Education Ethics

Diversity & Leadership | N2Growth Blog

N2Growth Blog

In evaluating any relationship in the value chain I’m looking for value, talent, performance, leverage, efficiency, economy of scale, work ethic, integrity, character, discipline and many other traits irrespective of your skin color, age, etc. A sense of entitlement is not a substitute for work ethic and a desire to achieve. link] Anna Smith “Let the attacks begin” – The number one source for innovation/change is pissed-off people (Tom Peters).

How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

Change and innovation are choices, not givens, in any organization, and there are managerial levers for making these selections wisely. Within EB, Merck first created a Global Health Innovation Fund and then a Healthcare Services and Solution unit to identify, develop, and operate nascent opportunities that fit that thesis. To do that, Merck formed a Strategy & Innovation Council with people from across the company.