Robert Reich’s article Work and Worth presents a ‘what’s it worth to society’ argument regarding what various people get paid for what they do. Reich’s argument centers on the societal value derived from the actual service provided. Continue reading
The foundation of our economic system was formulated in the 18th century, at a time when the understanding of humankind was quite limited. Yet we continue to adhere to its precepts as if this 18th century understanding was a full and complete understanding.
The conduct of this (egoistic) capitalist system rest upon the following set of assumptions and precepts: a) the world is a material world explainable as matter-in-motion; b) humankind has no interior essence and is, like the planets above, grounded in matter and the material; c) the cause of human action is external and material; d) with no shared or common interior essence there is no inherent ‘We’ only ‘Me’ as independent individuals; e) each individual is his own property and destined to improve his lot in pursuit of selfish pleasure through material gain; f) the wealth of a nation is the linear sum of the material gain of individuals; and g) Nature’s bounty is limitless and ours’ individually to act upon, dominate and exploit to satisfy our individual pleasurable pursuits. With these assumptions and rules as the guide what could possibly be the future for people and Nature? Continue reading
Our economic system is keeping us in troubled waters and is informing misguided and inhumane practices in the organizing and managing of business. Accordingly a fundamental change in the corporate structure is indeed required as Richard Wolff explained in a recent essay (Enterprise structure is key to the shape of a post-capitalist future), and success with this requires a change in one’s worldview. Continue reading
When do managers talk about improvement and development with those they manage? In most cases it is when managers are required to do so, during the organization’s annual performance appraisal time period. In three previous posts (Replace performance reviews with leadership for quality; Facilitate performance, don’t appraise it; Performance appraisal: A pathway to mistrust) performance appraisal was discussed but since the practice is still very popular another appraisal of it is in order. Continue reading
With the race to become more productive, more competitive and more profitable having the answer to the question that continues to challenge business managers, how do you motivate people, can be the ticket to winning. Even though Frederick Hertzberg offered a direct and complete answer give them something motivating to do, the question for the majority of business managers remains unanswered. Further, not understanding the depth of Hertzberg’s answer, we’ve even advanced another classification of management—management can’t do it but leadership can—in hopes of meeting the challenge. Yet whether you are labeled a manager or a leader the challenge goes largely unmet.
What could be the root of the problem and the difficulty in dissolving it? Continue reading
Many of America’s business-minded, especially corporate CEOs, are unabashedly advocates for the market being the solution to everything. Privatize it, is the answer to it all! Yet at the very same time they also spend vast sums of money on lobbyist to rig things in their favor, which often minimizes (and even eliminates) the dynamics of the market. Seemingly for maximizing their profit relying on the market alone is not their preference, yet it is thought best for everyone else. Some even sing the praises of a free market and yet oppose full disclosure in labeling of products. It appears they think free means free to maximize profit in any way one can. Go figure! Continue reading
Have you ever wondered why so little improvement can be found even though the vast majority of people—almost all—are in favor of improvement? Have you ever wondered why almost everyone would like the future to be better but yet very few actually do anything—like learning anew—to affect it? Why do these contradictions emerge? Continue reading