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October 2020 Leadership Development Carnival

Lead Change Blog

Salary transparency and pay equity are a powerful tool in the fight against social injustice, unconscious bias, and a lack of diversity in the workplace. A seemingly small change in any one of these can threaten your viability and weaken your financial leverage. Find Dana on Twitter at @DanaTheus.

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Understanding Financial Leverage

Harvard Business Review

The first suggests strength: "power, effectiveness." Combining the two suggests that the party which borrows has the leverage — they have the power and advantage over others. However, there are two conditions necessary for financial leverage to actually become power.

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I Got My Strategy from Greenpeace

Harvard Business Review

But there our story deviates from the norm because our turnaround wasn't based on cost control, financial leverage, or manufacturing efficiencies. It's a powerful selling point for the product and puts us in a position where we can advocate for more stringent health and safety regulations rather than be cast as the villain.