Isn’t it enough to keep people employed and earn a profit?
The short answer is yes CSR matters and no it isn’t enought to just employ people and earn a profit; and it never really has been otherwise. The truth is that now there is more transparency (like it or not) around what companies and business owners are doing. And there is obviously much discontent over the widening gap between the “haves” and the “have nots” or, if you will, between the 1% and the 99% to use the now quite ubiquitous rallying cry of the Occupy Wall Street Crowd.
Read the rest of this entry
Corporate Social Responsibility, CSR, Ethical Corporation, Growing Edge, Leadership, Management
By now you know that Buffett’s heir apparent, David Sokol, has had to leave Berkshire Hathaway under an “ethics cloud.” As you would expect, there is much speculation around how much of this falls on Buffett and what he should be telling us about the incident. My view is that Buffett owns it all. Harsh?
Read the rest of this entry
Berkshire Hathaway, Buffett, business ethics, Ethics, insider trading, Leadership, Lubrizol, Management, Sokol
Nice guys finish last. The only reason for a business to exist is to increase shareholder value. As long as it’s legal, you can do it. If it’s not legal and the fines are less than compliance costs, you can do it. If you think you won’t get caught, you can do it. Caveat emptor. Enron, WorldCom, Bernie Madoff, Three Mile Island, Chernobyl, Fukushima. And lest you think it’s only business, check out the Federal Workers Unions, Teacher’s Unions and the Teamsters. And go ahead and name your favorite political scandal; Joe Wilson, Tom Delay, Charlie Rangel, Richard Nixon, Bill Clinton. The list goes on and on and on. How about the sports figures and scandals?
Read the rest of this entry
Ethical Business, Ethical Corporation, Leadership, Management
In 1784 Immanuel Kant suggested that “Out of the crooked timber of humanity, nothing straight was ever made.” This quotation came to mind as I was reading several recent blogs discussing the sad condition of US business. Off the record, many CEOs of larger corporations fear for our country; research, operations and new facilities overseas. The ease with which we can now outsource pieces of our operation has even very small private companies outsourcing some “back office” functions, for example.
Read the rest of this entry
Ethical Corporation, Governance, Leadership
So, it’s no fun to have made the call, but I see that Tony Hayward is in fact on his way out. He is being held accountable (not necessarily blamed, but the buck stops with him).A recent Gallop Poll showing how the “confidence” people had in various institutions means we have a very long way to go in getting folks to have faith in big business. Luckily, many still have confidence in small business. “Small businesses rate a 66% while big business gets 19% and organized labor 10%.”
Read the rest of this entry
Corporate Culture, Crisis Management, Governance, Leadership
Many years ago I heard the statement made that “corporate staff is like body fat. You have to have some in order to survive. But the goal is to have as little as possible.” I think the same is true of Government. You have to have some, but the goal is to minimize it. So I start from the premise that Governments and Businesses have the same challenge – deliver value and necessary services while keeping the nonproductive activities and costs to an absolute minimum.
Read the rest of this entry
BP, Communication, Gulf Oil Disaster, Leadership, Management, Sustainability
A colleague, Ira Wolfe, asked a great question over on one of the many leadership blogs we frequent. His question was, “The BP Gulf of Mexico Crisis is just gushing with leadership lessons. What do you think are the most important lessons leaders can learn from this?” I like this question and had been thinking about this very thing for weeks now. There were several responses, and I too contributed since I’d been pondering this topic anyway.
Read the rest of this entry
Ethical Corporation, Governance, Leadership, Management
I can’t help it. The outrage at BP over this oil spill is getting out of hand. People are complaining about things that are not at all helpful to complain about. One bright light was complaining because BP is paying for Ad Words on the major search engines so that when people type in a search phrase having to do with the oil spill, BP’s website is showing up in the paid ad section. Duh!
Read the rest of this entry
Communication, disaster, Education, Gulf Oil, Leadership, Management
Toyota apparently felt they had done well by convincing the NTSA to limit the recall investigation. Oops. It’s backfired. Now the money they saved is going to be lost and more. The banking industry seems oblivious to the disdain of the consuming customers and is already finding “sneaky” ways to charge higher interest. They are also fighting Credit Union requests to allow the Credit Unions to lend a higher portion of their assets to small businesses. They never learn.
Read the rest of this entry
Communications, Leadership, Management, Marketing, Networking
“We,” that is the royal we, are apparently in no mood to put up with politicians, greedy executives and big bankers on Wall Street. Main street, as the saying goes, “hates” Wall Street. No leader of big organizations (including religious and other not-for-profits) or small business owner is exempt from this disgust with the rich and powerful. How did all this happen?
Read the rest of this entry
Communications, Ethics, Opinion, Shaping the Corporate Culture, Trust
