David Leonhardt (NY TImes, today, the Looting of Americas Coffers) has it right. If you dont yet understand how overwhelming greed led bankers and investment bankers to build a house of cards, walk away with bonuses based on performance that would lead to billions of write-offs of their own companies and not care, you must [...]
Sunday, March 1, 2009
Betting Against Obama I recently heard someone at the local YMCA say “I hope Obama fails.” Aghast that someone not too rich and insulated to work out at the Y would hold such an ignorant and selfish view, I began thinking of the reasons he might fail. One that stands out flows from the management principle: “Change [...]
Sunday, March 1, 2009
Republicans: Betting Against the Home Team If this were sports, the Republicans would be investigated by Congress in very public and very nasty hearings. But it is just politics and the Congress is held to a lower standard than the rest of us. OK, the Obama plan still has holes and blank spots. God is in the [...]
Tuesday, February 3, 2009
Better late than never: “Daschle withdraws as cabinet nominee (NYTimes.com, Feburary 3)” article by Jeff Zeleny. If there is one promise that candidate Obama made that matters above all else it is the promise to restore a modicum of integrity to Washington D.C. People have become cynical: “Everybody does it.” And they have been [...]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Is our behavior in the face of challenge determined at birth or by our environment? Are leaders born rather than made?
My obsession with what makes some ordinary people become extraordinary leaders led to my interviews with dozens of CEOs which Random House published in 2007 and to the Master Class series at Pace. The thesis is that there are particular “shaping experiences” which develop leadership traits and capabilities.
Epi-genetics is the new field of study that is beginning to confirm that nurture determines a lot about us: our behavior, our illnesses and more. Work on animals and on human twins shows that no matter your genome, there is a system of markers that switch genes on and off in a way that controls your reaction to stimuli. These markers are largely from environmental factors from what happened while you were in the womb, to how you were treated in your childhood, to stressful situations to pollution. And the markers you have accumulated can go-awry as you age.
The good news is that by treatment, including drugs, these markers can be added or removed.
Together with breakthroughs in neuroscience (how our brain works during different mental and emotional conditions), we are about to glean powerful new understandings relevant to our lives as well as careers.
For an intro to the field, view the PBS Nova Science Now program on the subject:
http://www.pbs.org/wgbh/nova/sciencenow/3411/02.html
That’s my view. What’s yours?
For a few years now, Jim Blasingame and I have shared stories, insights and practical suggestions for survival of small business in tough times. He should be your fave for an unlimited supply of helpful ideas for your business. Go to:
http://blog.smallbusinessadvocate.com/management-fundamentals/small-business-economic-challenges
and also to the home page of smallbusinessadvocate.com
Please let me know how helpful you find this great resource. Jim is, himself, a very successful small business owner who knows whereof he speaks.
As I said in a prior post, the fruit vendor on a nearby street corner in New York City told me he is working on becoming a bank holding company so he can get in line for a bailout. Is there no end?
Today’s announcement it was announced that insurance companies will be allowed to reduce the reserve capital they have to make sure they can pay benefits to customers when the time comes. Isn’t this converting insurers to be like AIG? Isn’t insurance with low reserves the same as gambling?
There was no accompanying clear and detailed plan for oversight. Just like the billions of dollars that have flowed into the investment bank.
That’s my view. What’s yours?
Wednesday, March 11, 2009
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