Stephen Covey died today. Stephen was a truly “good man” in every reasonable sense of that word. He did his best to practice what he preached and what he preached was not simply good management, but moral, spiritual, ethical conduct in the board room, the workplace and in the home.
Read MoreYesterday, a young executive at Goldman Sachs, Greg Smith, resigned in a very public way. He wrote an op-ed in the New York Times titled “Why I am Leaving Goldman Sachs.” In essence he accused the leadership of Goldman Sachs of...
Read MoreRudiger Fox who is the CEO of PFW Aerospace AG, a leading tier one supplier to the aviation and aerospace industry in Germany,has taken the components of Gross National Happiness and applied them to his corporation. He has developed a measurement methodology and strategic plans to improve Gross Workplace Happiness.
Read MoreThe child like and pseudo religious belief that the free market will, by itself, right all wrongs in time, a belief adhered to by Alan Greenspan and other groupies of Ayn Rand, is at the heart of our financial crisis and the crisis of capitalism. This Greek tragedy was played out at Enron, Lehman Brothers, and now Goldman Sachs and BP. The question is whether corporate executives are capable of adhering to principled behavior in the absence of punishment of significant severity to balance out the significance of potential rewards for unprincipled behavior.
Read MoreThe environmental disaster in the Gulf of Mexico is in part the result of political/ideological waste. Lean management focuses on the elimination of waste from manufacturing and other processes. Lean managers develop a keen sense for what adds value and everything else is waste. There is some mass schizophrenia when it comes to the role of government and the private sector. This madness is a complete waste of resources and is itself responsible for many of our problems. It is past time to get beyond this madness.
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