“No corporation can afford the reputational risk of marketing
unsuitable product or engaging in slippery business conduct. Values and culture speak to both of these
perils.” The G30 Report Toward Effective
Governance of Financial Institutions, 2011 said this with respect to financial
institutions, but I substituted “corporation” as I think it is a more universal
statement. One could also add “unsuitable
services”. We see so many lapses in business
ethics and governance these days; I can’t help but think that they could be
avoided by having a proper environment of values and culture.
Showing posts with label culture. Show all posts
Showing posts with label culture. Show all posts
Thursday, August 16, 2012
Wednesday, April 6, 2011
ElisabethBass Blog: Confessions of a Glam Girl - The Social Media Darliings I Love
I should declare my bias up front - this is a post by one of my daughters. But she has totally impressed me with her interesting insight and well written expressions of taste. She makes a very valid observation about the effect of the digiverse. Well worth a read, and a blog worth following.
ElisabethBass Blog: Confessions of a Glam Girl - The Social Media Darlings I Love: "A few years ago I realized I was obsessed with fashion. It may have started when my luggage was lost, never to return that I realized how m..."
ElisabethBass Blog: Confessions of a Glam Girl - The Social Media Darlings I Love: "A few years ago I realized I was obsessed with fashion. It may have started when my luggage was lost, never to return that I realized how m..."
Thursday, October 7, 2010
Rebooting Prosperity May Require Updating Our Culture
http://blogs.hbr.org/haque/2010/10/sam_zells_tribune_and_the_high.html
Wow! This article has a great message and is entertainingly written. The author talks of a “company making all the wrong moves – and one where the boardroom is like a parody of Animal House”. Ok, now he has my attention. He describes the newspaper company in question as “pursuing tired old 20th century advantage – in the most simplistic way possible, hoping that cutting costs to rake in a few tiny efficiency gains or adding a few ad pages will save it from sweeping strategy decay”. His conclusion: there’s a deeper problem at a cultural level.
He then winds around examining corporate strength and concludes that it is no longer about dominance, but about the capacity to evoke. “It’s the power to inspire, animate, infuse, spark, evoke – and then connect, link, and collaborate, to be a force multiplier.”
He feels that booster jumping the economy is going to take more than stimulus packages, bailout and quantitative easing. It is going to require something deeper; a change of values. And it is not just in the corporate arena, but in society in general. There is a need to examine the culture of our society. I think he has a point.
Wow! This article has a great message and is entertainingly written. The author talks of a “company making all the wrong moves – and one where the boardroom is like a parody of Animal House”. Ok, now he has my attention. He describes the newspaper company in question as “pursuing tired old 20th century advantage – in the most simplistic way possible, hoping that cutting costs to rake in a few tiny efficiency gains or adding a few ad pages will save it from sweeping strategy decay”. His conclusion: there’s a deeper problem at a cultural level.
He then winds around examining corporate strength and concludes that it is no longer about dominance, but about the capacity to evoke. “It’s the power to inspire, animate, infuse, spark, evoke – and then connect, link, and collaborate, to be a force multiplier.”
He feels that booster jumping the economy is going to take more than stimulus packages, bailout and quantitative easing. It is going to require something deeper; a change of values. And it is not just in the corporate arena, but in society in general. There is a need to examine the culture of our society. I think he has a point.
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