Archive for January, 2006

Jan 31st 2006 Tom Penderghast

Since norms, whether formal or informal, reflect some underlying values, they are difficult to change unless it can be shown that the new behavior is also consistent with an important value, or that the old value itself needs to be changed.
Tom Penderghast

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Jan 29th 2006 ManyWorlds, Stephen Covey

Integrity is the measure of the degree to which we have developed our independent will in our daily lives—how well we have implemented the goals chosen through personal leadership. Integrity is our ability to make and keep commitments to ourselves.
ManyWorlds, Stephen Covey

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Jan 29th 2006 ManyWorlds, Stephen Covey

Principles should not be confused with values. Principles describe how things are and how they work, whereas values state where we aim to go. If principles are the territory, then values are maps. Only when we value correct principles, do we have “a knowledge of things as they are.” Practices are helpful in formalizing how to do things, but whereas “practices are situationally specific, principles are deep, fundamental truths that have universal application.”
ManyWorlds, Stephen Covey

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Jan 27th 2006 Henry Mintzberg

Because analysis is not synthesis, strategic planning has never been strategy making… No amount of elaboration will ever enable formal procedures to forecast discontinuities, to inform detached managers, to create novel strategies. Thus planning, rather than providing new strategies, could not proceed without their prior existence.
Henry Mintzberg

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Jan 27th 2006 Henry Mintzberg

Effective strategists are not people who abstract themselves from the daily detail, but who immerse themselves in it while being able to abstract the relevant messages from it.
Henry Mintzberg

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Jan 25th 2006 Steven D. Levitt

So much of what we hear and what we’re taught turns out to be false on closer scrutiny. Whether it is expert advice, what you read in the paper, or what your mother told you, if it is important, take the time to figure out for yourself whether it is really true.
Steven D. Levitt

No Comments » Posted by Administrator / Analysis and Decision

Jan 25th 2006 Warren Buffett

When you get out of bed in the morning and think about what you want to do that day, ask yourself whether you’d like others to read about it on the front page of tomorrow’s newspaper. You’ll probably do things a little differently if you keep that in mind.
Warren Buffett

No Comments » Posted by Administrator / Character

Jan 23rd 2006 Milton Friedman

Nobody really believes that it’s an ethical precept that you obey every law. If you obey a law that requires you to do something that is unethical or amoral, I think everybody in the room would agree it’s a proper human behavior to break that law as long as you’re willing to accept the responsibility for that. That was the justification for conscientious objection during the war.
Milton Friedman

No Comments » Posted by Administrator / Ethics and Law / Legal

Jan 23rd 2006 Milton Friedman

It’s hard to know what is meant by business ethics. Only people, not businesses, have ethics. Ethics is me, the individual, as a person. I’m ethical or unethical. If I’m employed in a business that I think is unethical, I have a clear choice. I can get out of that business and find something else to do. It doesn’t seem to me it’s ethical for me to do unethical things because the business can let me do it.
Milton Friedman

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Jan 23rd 2006 Bowen H. “Buzz” McCoy

In globalization we can come closer together, but we still don’t know one another. We can start up a new business fast, but growing wise in the way of life takes a long time. It’s never complete, never right, and never perfect. An ethic is deeper than morality or custom. It comes out of our deepest desire to make meaning out of our lives and hence resides in the areas of spirituality and religion. The deepest and most meaningful relationships develop out of this level of interaction. To have integrity is to bring deep meaning to bear in all aspects of one’s life. And to deal effectively in a global arena, one must have some notion of the deep meaning imbedded in various cultures.
Bowen H. “Buzz” McCoy

No Comments » Posted by Administrator / Culture and Integrity