Company Gone Well? Here’s What to Do With the Cash

Strategy Driven

Apart from that, you might have certain ethical requirements like wanting to avoid tobacco or fossil fuels, which are requirements you need to discuss with your wealth manager. Managing Your Finances business management Capital Gains Tax strategydriven

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. For Bogle, that's because the company where he spent his peak earning years was structured as a mutual — owned by its customers and operated on their behalf. Compensation Ethics Finance

The Big Picture of Business – Business Success Checklist

Strategy Driven

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. An inefficient operation results in unproductive activities which often miss the point and worse yet, result in wasted time and wasted resources. Objective analysis of how the organization has operated to date. Document practices, procedures, operations and structure in writing.

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It''s typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Operations (facilities, capacity, distribution channels, supply chain, costs, use of technology). Cultural (values, ethics).

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Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It's typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Operations (facilities, capacity, distribution channels, supply chain, costs, use of technology). Cultural (values, ethics).

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The Leadership Blind Spots at Wells Fargo

Harvard Business

Senior leaders were so focused on financial impact that they couldn’t see the ethical damage. Instead, he called this an operations and compliance issue, perhaps not realizing that both of those functions influence corporate culture. Pushing back against members of Congress last week, he asserted, “the culture of the company is strong” and is “based on ethics and doing what’s right.” Ethics Leadership Boards Digital Article

The “Maximize Profits” Trap in Decision Making

Harvard Business

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. It is a simple, clear, and highly useful criterion — for routine decisions in businesses operating in competitive markets and with sound legal systems. Decision making Leadership Ethics Digital Articl

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Starting Your Business In Style – You Don’t Have To Go It Alone

Strategy Driven

Financing the venture from your personal savings is an option, but won’t be open to many. The team ethic truly counts for everything. Outsourcing parts of the operation to companies rather than individuals can work wonders too. Once you’ve had that Eureka moment, your mind will be fully focused on growing those seeds of an idea into a fully grown business. As such, it’s only natural that you’ll want to take control of the entire venture.

Leadership Lessons from the Banking Upheaval

Great Leadership By Dan

Today, its separate and highly successful online banking and broking operation Boursorama has attracted nearly half a million customers. New CEO Antony Jenkins has set out an ethical vision for the bank, assessing performance “not just on what we deliver but on how we deliver it.” Finance should by definition be a risk-averse business.

The Libor Scandal and the Price of Prosperity

Harvard Business Review

Now, let me couch this for you in the human terms of political economy — the terms in which you and I should rightly conceive of an "economy" as the sum of the enduring human good; not merely as a set of pipes for the grease of finance to be injected into. Who's who — master and servant, mechanism and operator, principal and agent, sovereign and serf? Who's who, mechanism and operator, sovereign — and serf? Economy Ethics Finance

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Should CEOs Have Term Limits? | N2Growth Blog

N2Growth Blog

Posted on July 7th, 2010 by admin in Leadership , Operations & Strategy , Rants By Mike Myatt , Chief Strategy Officer, N2growth I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion. 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?

CEO 253

Why Bankers Need to Be Put Into Little Boxes

Harvard Business Review

From the same letter: [N]o company operates in a vacuum. The inability to differentiate between Wall Street and Main Street by Washington, as well as by the public at large, has hurt the image of Main Street banks and increased their cost of operations. Compensation Ethics FinanceThere's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design.

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.

Blog 327

How Share-Price Fixation Killed Enron

Harvard Business Review

Were the rating agencies aware of Enron''s oft-maligned financing structures? In essence, these financing structures were a "fail safe" designed to ensure that Enron''s balance sheet remained investment grade. Instead, the rating agencies downgraded Enron, the trading operations were forced out of business, $4 billion of debt was accelerated, and Enron was forced to file for bankruptcy. The financing structures built to protect Enron in just such an event were unwound.

Starting Your Business In Style – You Don’t Have To Go It Alone

Strategy Driven

Financing the venture from your personal savings is an option, but won’t be open to many. The team ethic truly counts for everything. Outsourcing parts of the operation to companies rather than individuals can work wonders too. Once you’ve had that Eureka moment, your mind will be fully focused on growing those seeds of an idea into a fully grown business. As such, it’s only natural that you’ll want to take control of the entire venture.

Loyalty vs. Tenure | N2Growth Blog

N2Growth Blog

These silos are staffed with legions of “tenured&# COBOL and C++ programmers, as well as &# tenured&# IT managers overseeing the operation. Reward talent, innovation, loyalty, attitude, creativity, work ethic, contribution, and leadership ability…not tenure.

Why Companies Are Blind to Child Labor

Harvard Business Review

For example, Apple says that whenever it finds an underage worker in its supply chain, it sends the child home safely, continues paying his or her wages, and even finances the child’s education and offers employment once doing so is legal. Is it truly impossible for these companies to determine the source of their raw materials and whether those materials were acquired ethically? Ethics Psychology Social responsibility Article

High Frequency Trading: Threat or Menace?

Harvard Business Review

While the rest of the stock market world was still operating in terms of minutes and seconds, the HFTers (led by two Chicago-based firms, hedge-fund giant Citadel and upstart GETCO, now called KCG ) found a whole new world of profit in the milliseconds and microseconds between when orders were placed and filled. Ethics Finance Technology

Bonus or No Bonus? | N2Growth Blog

N2Growth Blog

Posted on November 29th, 2010 by admin in Miscellaneous , Operations & Strategy , Talent Management By Mike Myatt , Chief Strategy Officer, N2growth Bonus or no bonus? 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.

Blog 305

Vision vs. Mission | N2Growth Blog

N2Growth Blog

Just like an algebraic formula, business also functions according to rules governing order of operations. 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

Why Accountability Is So Muddled, and How to Un-Muddle It

Harvard Business Review

Most companies have some version of a matrix, with a combination of enabling "functions" (such as IT, HR, and Finance) and line business units. Ethics Operations Organizational cultureOne of the most sacred tenants of management is the need for clear accountability. As such, organizations spend enormous amounts of time and energy defining jobs, roles, and goals — and then figure out who to reward or punish when things go well or poorly.

Leadership Self Examination | N2Growth Blog

N2Growth Blog

They will not compromise their value system and personal ethics for temporary gain. Leaders who operate behind a veil of secrecy are only setting themselves up for a rude awakening.

Blog 294

8 Traits of Ineffective Leaders | N2Growth Blog

N2Growth Blog

When we view our responsibilities three-dimensionally as if through a prism that simultaneously allows us to keep focused on the MRC concepts, we will make better mission-focused decisions that are based upon how our resources must be deployed to accomplish them, and we will operate in ethical ways that resonate with our partners and employees.

Blog 330

Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business

But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. 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.

Leadership & Influence Summit | N2Growth Blog

N2Growth Blog

link] ATIG Mike, authenticity and transparency for better and ETHICAL business.

Leadership & Political Correctness | N2Growth Blog

N2Growth Blog

That said, buckle-up and join me for a ride as we journey into the politically incorrect mind of Mike Myatt… The institutionalization of “Politically Correct Thinking&# in the corporate world has done more to harm operating businesses than just about any other social and/or cultural influence in recent times. If we operate from a level of consciousness beyond the ego – in other words, our higher self, spirit or soul, then we experience no such fear.

What If Google Had a Hedge Fund?

Harvard Business Review

But that mind-set's simply too focused and operational. Yes, this exercise will surface all manner of ethical — and possibly legal — conflicts and risks. Finance Google Information & technologyGoogle's Sergey Brin knows a multibillion investment opportunity when he sees one. Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund.

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Great Leaders Make Decisions | N2Growth Blog

N2Growth Blog

I am always so refreshed by the centrality of ethics, doing the right thing, and people as capital – in your work!

Blog 308

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.

Where Teamwork Thrives in the Money Management Industry

Harvard Business Review

He notes that knowledge workers are mainly motivated by: 1) mastery, or continuous improvement, progress; 2) autonomy, or freedom to operate independently; and 3) purpose, or meaningful work, not busywork. Client Satisfaction, Excellence, Ethics/Integrity, and Professionalism round out the top five values that leaders know their firms must embrace. Finance Leading teams Organizational culture

The Fallacy of No | N2Growth Blog

N2Growth Blog

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 307

Introducing 100 Coaches: Pay It Forward Champions

Marshall Goldsmith

a holding company that operates seven distinct business. Operations Group Baring Private Equity. Darek Lenart – Senior VP HR, Finance MasterCard. Sanyin Siang – Executive Director of the Duke University Fuqua/Coach K Center on Leadership & Ethics (COLE). Former Operating Partner at Blackstone, Chief Human Resources Officer for Unilever. His vast experience from serving on the Committees of Finance, Judiciary, Education, and Rules.

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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.

What It Will Take for Us to Trust AI

Harvard Business

AI systems must be built from the get-go to operate in trust-based partnerships with people. Many professions, such as medicine, finance, and law, already require evidence-based audit ability as a normal practice for providing transparency of decision-making and managing liability. In addition, AI systems can and should have mechanisms to insert a variety of ethical values appropriate to the context, such as the task, the individual, the profession, or the culture.

Case Study: Culture Clash in the Boardroom

Harvard Business Review

As the president of Almond China, he wanted to show his Chongqing colleagues how much he cared about the topic under discussion: ethical business practices. The two went way back: Both had been with their German parent company, Almond Chemical, since 1999, when it first established operations in China. Liu kept an eye on Wang as the HR director leading the training explained Almond's ethics regulations and the legal consequences of business bribery.

How the CFO and General Counsel Can Partner More Effectively

Harvard Business

The CFO-GC alliance has always been important because the finance function and the legal function are truly the nervous system of the corporation—sending critical signals to all parts of the company about the accuracy of the financials and compliance with law. As a result, the optimal CFO-GC alliance is now much more like a peer relationship, jointly coordinating and overseeing fundamental corporate issues of performance, compliance, ethics, risk and governance, and organization.

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“No idea” Means I Have One :: Women on Business

Women on Business

The choice to stay in a very black and white world of facts and figures is important for keeping the trust of all team members—and is particularly relevant when you’re operating at one remove.

There's Still Time

Women on Business

How great would it be if everyone would operate with the ultimate goal being love?

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

Strategy Driven

Tactics deemed as ’standard operating procedure’ for some companies were exposed and ridiculed by others. 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. Operational Statistics.

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.

Too Big to Manage: JP Morgan and the Mega Banks

Harvard Business Review

But, at the end of the day, it is bank leaders and employees who must take the right business, legal and ethical actions under existing law. Its purpose is to prevent undue business risk, prevent violations of the spirit and letter of formal rules (financial and legal) and to prevent transgressions of global standards (ethics) which an organization imposes upon itself to enhance sound performance or to promote integrity. Boards Ethics Risk management

Can Lean Manufacturing Put an End to Sweatshops?

Harvard Business

Workers specialize in simple, highly routinized operations. They are incentivized to complete operations as quickly as possible. Operations in a Connected World. The initiative sought to improve manufacturing operations — to deliver high-quality products in relatively small batches and on shorter production deadlines. While no one advocates for labor abuses, poor working conditions are often seen as an inevitable consequence of global trade.