To Understand Complexity, Use 7 Dimensions of Ethical Thinking

Leading Blog

T HE BOTTOM LINE is that there is no “good leadership” without ethical thinking. The thinking that powers leadership choices must be grounded in ethical values or the impact on important constituents will be overlooked. 7 Lenses™ of Ethical Responsibility.

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The Problem with the Profit Motive in Finance

Harvard Business Review

Executive compensation has been reformed significantly to align with long-term performance. 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. leaving long-time archrival Fidelity in the dust. Over the long run, it may not be good for the financial sector, either.

How to Fix Financial Capitalism? Focus on Ethics

Harvard Business Review

It has forgotten, as economist Robert Shiller writes in Finance and the Good Society , that "financing is really creating the architecture for reaching a goal. The goals served by finance originate with us. Finance is not about making money per se. Investing in equities is the only way most investors can achieve the returns required to ensure their money lasts for as long as they are alive. Require training on ethical decision-making for yourself and your firm.

It's Your Country.Lead It!

Coaching Tip

For our children's future, America needs to get better by reengineering our shared values and implementing a united ethical purpose. The squeeze on middle America promises to be long lasting without change. . This low-income consumer is part of a long-term P&G study tracking several consumers over time to gauge how sentiment is evolving as the economic slowdown wears on. The American Dream is dying. .

Know Your History, Purpose and Direction

CoachStation

My career from that point has almost always been in leadership roles within the retail, hospitality, finance and contact centre industries in Australia and overseas. Industries we have worked within include finance, architecture, recruitment, health, government and local council.

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The Big Picture of Business – Business Success Checklist

Strategy Driven

Long-term investments plan is annually updated, with realistic, measurable goals. 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.

Loyalty vs. Tenure | N2Growth Blog

N2Growth Blog

Ask yourself this question…Who is more loyal; an employee who has been with the company a long time but is an under-performer, or a less tenured employee who always goes the extra mile and consistently exceeds expectations?

Interns to the Rescue! :: Women on Business

Women on Business

There comes a time, however, when an extra hand is needed to get something done and I don’t want to hire someone long-term or for a lot of money. Since they don’t typically end up as long-term employees, you shouldn’t have to spend a lot of time training the person for the job.

What It Will Take to Change the Culture of Wall Street

Harvard Business Review

One of the changes I document in the book is how Goldman drifted from a focus on ethical standards of behavior to legal ones — from what one “should” do to what one “can” do. Restricting stock sales could push their thinking and actions in a more long-term direction. This kind of interdependence has the potential to move the focus back to ethical standards of behavior instead of just legal ones. Compensation Ethics Finance William C.

Revisiting Our Masculine Side of Leadership :: Women on Business

Women on Business

In the masculine model of success, power and prestige take precedence, compassion, and long term consequences are secondary.

8 Traits of Ineffective Leaders | N2Growth Blog

N2Growth Blog

Long story short; if a leader receives a vote of non-confidence from their subordinates…game over. Only those leaders who can quickly recognize and adapt their methods to the situation at hand will be successful over the long haul.

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5 Important Things to Remember as an Entrepreneur :: Women on Business

Women on Business

Yes, a good product may encourage sporadic customers but a good relationship will establish long-term, loyal customers.

It’s Better to Avoid a Toxic Employee than Hire a Superstar

Harvard Business Review

Still, they aren’t likely to help the organization in the long term. “The medical term primum non nocere (first do no harm) I think applies here,” Minor told me. Hiring Ethics Human resource management Article

The Big Picture of Business: Been There, Done That

Strategy Driven

See consulting as an investment (short-term and long-term), not to be short-changed. For project purchases, such as printing, graphic production, video production and materials creation, consultants customarily mark up slightly, to cover bank financing and handling costs.

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.". Others are investing for retirement or to pay for a child's college tuition, and care about long-term returns. The old "efficient markets" idea that stock prices perfectly measure future returns has long been discredited.) Finance Leadership

Pack Some Energy into Your Lunch :: Women on Business

Women on Business

There are many nutrients that we need on a daily basis to keep our bodies running efficiently ona a daily basis, not to mention long-term. Fish, in particular, has long been associated with being an excellent brain boosting food.

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The Big Picture of Business – What Business Must Learn: Putting.

Strategy Driven

Or, do we now see the need and importance to embrace longer-term approaches? How much further should we extend ethics? Sadly, many of the perpetrators did not see lapses in ethics… it was legal and just business to them. By maintaining an awareness of further changing environments, there are further opportunities to be successful, ethical and move ahead of the competition. The term CEO has recently been held in disfavor.

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The “Maximize Profits” Trap in Decision Making

Harvard Business Review

Somehow, a theoretical assumption, widely used in a one cluster of academic specialties — economics, finance, econometric modeling, and the like — became transformed, primarily in the United States near the end of the 20th century, into a supreme decision principle. In these circumstances, thinking in terms of long-term profit and returns is an important way of putting society’s resources to their best uses.

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Still holding on to “life's leg warmers?” What would Jane Fonda.

Women on Business

Baby steps work just as well as long as you keep to a reasonable timeframe. Whatever you consider the “monkey on your back,” just know that you’re better off in the long run by letting it go and taking some new risks…and don’t even think about looking back!

w Can You Make Your Resolution a Reality? It's all in the Timing

Women on Business

Cast the Net Wide – Make the Most of Your Promotional Time and.

Women on Business

For long-term relationship-building, be sure that your values and those of your clients mesh. Pitches MUST be short, which is more time-consuming than presenting long ones.

Are Business Schools Creating Higher-Ambition Leaders?

Harvard Business Review

Higher-ambition leaders are able to integrate multiple business disciplines (strategy, ethics, marketing, finance and so on) into a coherent, systemic approach for building a great company. Southwest's business policies — little or no long-term debt and growth limited to two cities a year, despite opportunities to expand much faster — allow it to minimize the financial and cultural risk that comes with debt and rapid growth.

Can We Keep Our Biases from Creeping into AI?

Harvard Business Review

The quickest way to flip this public perception on its head is to render AI genderless, something I advocate for tirelessly and practice with Sage’s personal finance assistant, Pegg. The more long-term approach requires expanding the talent pool of people working on the next generation of AI technologies. Bias testing would also help account for the blind spots created by the lack of diversity at present in terms of who builds AI.

How Military Veterans Can Turn Their Skills into a Corporate Career

Harvard Business Review

Do you have a strong work ethic?’” He tried tech, finance, and real estate — all to no avail. By recognizing that there’s no one “perfect transition,” it becomes easier to do the deep work necessary to find the right job and career for you over the long term. Hayon Thapaliya/Peter Dazeley/Getty Images.

The Economics of Why Companies Don’t Fix Their Toxic Cultures

Harvard Business Review

Over the last decade, industries, academics, and the public sector have turned their focus toward culture and ethics in response to the financial crisis as well as misconduct at a broad range of corporations. Yes, because the impact of employee misconduct extends beyond the individual and even the firm — in finance it can affect the safety, soundness, and effectiveness of the financial sector and the broader economy. naqiewei/Getty Images.

Calculating the Market Value of Leadership

Harvard Business Review

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. Wise, long term investors recognize that leadership affects firm performance. intellectual, emotional, social, physical, and ethical behaviors)?

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A Model Stakeholder Strategy from the Garment Industry

Harvard Business Review

We strive to build a long-time dedicated partnership and to share knowledge and experience with them. With our cotton farmers in Xinjiang, we changed many of the unfair trade practices and now aim for more than just fair trade by promoting higher cotton yields and quality through assistance in cotton research, farming techniques, and access to micro-finance. This blog post is part of the HBR Online Forum The CEO's Role in Fixing the System.

For a New Way to Manage Risk, Look to the Past

Harvard Business Review

And getting past the usual employee complaints about the financial sector (long hours, for one), he offers several often-hidden occupational hazards for the stellar university graduates who think they can make it in the industry while also holding on to ethics and personal responsibility. One: "Anyone who works in finance will sense, at least at first, the pressure to know more than he does."

What Parents Should Tell Their Kids About Finding a Career

Harvard Business Review

I call the first couple of years in one’s career the Aspiration Phase, in which it’s all about exercising one’s intellectual and interpersonal energies, and bringing enthusiasm, work ethic, and energy to an organization. Photo by Andrew Nguyen.

How to Build a Meaningful Career

Harvard Business Review

Ethics Feature. Think long term. Buckle down on your finances. Don’t : Focus on your next role — think about what you want from work over the long term. Neglect your finances so that when you want to make a change, you don’t feel able to.

Be Your Own Talent Scout

Harvard Business Review

But equally important is character, by which I mean solid ethics and especially the ability to inspire trust. Finding people with the right combination of competence, character and team skills isn't easy, of course, even if you conduct a long, carefully-orchestrated search. To find these people, you have to develop a long-term, very consistent strategy. Every month, I have dinner with two of the top people in any field — finance, marketing, I.T.,

A Board Member’s Guide to Corporate Political Spending

Harvard Business Review

Supreme Court Justice John Paul Stevens wrote in the Citizens United campaign finance decision that “Business corporations must engage the political process in instrumental terms if they are to maximize shareholder value.” The 2016 U.S.

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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business Review

Three finance professors once asked more than 400 executives what they would do if their quarterly earnings targets were at risk. Our prior research had found that increasing employees’ sense of play, purpose, and work potential can increase their adaptive performance, improving sales, customer experience, creativity, ethical behavior, and grit. Maintaining great performance over the long term will require organizations to also emphasize adaptive performance.

To Reform Capitalism, CEOs Should Champion Structural Reforms

Harvard Business Review

They go by names like corporate social responsibility, sustainability, shareholder advocacy, social assessment and auditing, consumer action, government regulation, leadership development, ethics, realignment of incentives , attracting long-term investors , creating shared value , and more. getting investors to think long-term) or to modify the interaction between the for-profit firm and its stakeholders (e.g.

Make Sure Your Team’s Workload Is Divided Fairly

Harvard Business Review

Without a purposeful plan, Davey says that “managers too often do what’s easy in the short-term and ask the most talented person” to do the hard work. “You need to be clear to this person about how his level of effort has consequences in terms of his chances of promotion, financial incentives, and choice assignments,” she says. “I knew her work ethic,” he says.