Public officials used to be worthy of being looked up to – not anymore.
By Kenneth T. Walsh – Where have all the role models gone?
They certainly are vanishing from politics and government, at least based on the seemingly endless series of accusations and admissions involving famous politicians and public officials who have been engulfed in the swamp of alleged sexual misbehavior.
Now the media are investigating public figures more thoroughly than ever, and are more willing than ever to expose the flaws they find. And people with grievances against public figures are increasingly willing to go public.
Trump, at the top of the political pyramid, has been widely condemned for failing to live up to the standards of civility, decency and honesty that have been expected of presidents for many years. Sen. Bob Corker, R-Tenn., told CNN recently: “The president has great difficulty with the truth on many issues….I don’t know why he lowers himself to such a low, low standard and debases our country in the way that he does, but he does.”
Questioning Trump’s “stability,” Corker, chairman of the Senate Foreign Relations Committee, said Trump is not a “role model” for the world and for America’s children, and added: “I think at the end of the day when his term is over, I think the debasing of our nation, the constant non-truth-telling, just the name calling, I think the debasement of our nation will be what he’ll be remembered most for, and that’s regretful.” more>
Posted in Business, CONGRESS WATCH, Education, History, Leadership, Media, Net
Tagged Congress Watch, culture, Donald Trump, Government, Leadership, Role model
How I Remade GE
By Jeffrey R. Immelt – I led a team of 300,000 people for 6,000 days. I led through recessions, bubbles, and geopolitical risk. I saw at least three “black swan” events. New competitors emerged, business models changed, and we ushered in an entirely new way to invest. But we didn’t just persevere; we transformed the company. GE is well positioned to win in the future.
The changes that took in the world from 2001, when I assumed the company’s leadership, to 2017 are too numerous to mention. The task of the CEO has never been as difficult as it is today. In that vein, my story is one of progress versus perfection. The outcomes of my decisions will play out over decades, but we never feared taking big steps to create long-term value.
For the past 16 years GE has been undergoing the most consequential makeover in its history. We were a classic conglomerate. Now people are calling us a 125-year-old start-up—we’re a digital industrial company that’s defining the future of the internet of things. Change is in our DNA: We compete in today’s world to solve tomorrow’s challenges. We have endured because we have the determination to shape our own future. Although we’re still on the journey, we’ve made great strides in revamping our strategy, portfolio, global footprint, workforce, and culture. more> https://goo.gl/L9nX1b
Posted in Broadband, Business, Economy, Energy & emissions, History, Leadership, Product, Technology
Tagged Change management, culture, GE, Manufacturing, Technology, transformation
How to split equity without drawing blood
By Mike Moyer – We live in a world where entrepreneurs and early-stage company participants get taken advantage of so frequently that we hardly notice. Bad equity deals are the rule, not the exception. Fairness is rare.
The intent for fairness is there in the way equity is split among business partners, but the practice of fairness is not. This is a correctable problem.
When a person contributes to a start-up company and does not get paid for her contribution, she is putting her contribution at risk with the hopes of getting a future reward. And, while the timing and the amount of the future reward is unknowable, the amount of the contributions at risk is knowable. It is equal to the fair market value of the contributions.
Because it’s impossible to know when or even if the rewards will ever come, we can never know how much people must put at risk to get the rewards. Every contribution, therefore, is essentially a bet on the future of the company, and nobody knows when the betting will end. more> https://goo.gl/F3ELyY
Posted in Business, Economic development, Economy, Education, History, Leadership, Media
Tagged Chicago Booth, culture, Finance, Inequality, Startup
By Katy Steinmetz – The world’s most valuable venture-backed company is no doubt in crisis. And the story of Uber, in its extreme success and what may turn out to be extreme failures, is in some ways singular. But it also hits on issues in the technology industry that are far bigger than one company.
Silicon Valley has struggled for years with diversity and inclusion, as critics have wondered whether the industry can achieve its grand self-image: a bunch of brilliant minds set on making the world a better place, for whom no problem is too tough to solve, no status quo too established to upend.
Despite whistle-blowing at other companies about hostile office cultures and widespread acknowledgement that the industry needs to “do better” when it comes to hiring and retaining women and people of color, those problems have persisted.
The fact that Uber, the brightest product of the Silicon Valley ecosystem of the past several years, could become such an influential global powerhouse while seemingly neglecting its own workplace speaks to some of the reasons that broader progress, as many see it, has been slow.
The pressure for startups to grow fast — and the prospect of profits or an enriching “exit” for investors — can be blinding. Taking time to think about unsexy HR practices often feels antithetical to hard-charging disruption.
Company culture and bias can be hard things to see, much less change, especially if the people at the top believe they’re running a meritocracy. more> https://goo.gl/WwGncQ
Posted in Banking, Broadband, Business, Economic development, Economy, Education, Leadership, Media, Net, Regulations, Technology
Tagged Capital, culture, Exit strategy, Silicon Valley, Startup, Workplace
Working With Culture: the Way the Job Gets Done In Public Programs, Author: Anne Khademian.
By Howard Risher – “Culture Eats Strategy for Breakfast.” That quote is credited to the father of modern management, Peter Drucker. He was saying that leaders need to understand and address their organization’s culture in their planning.
Writers tell us that culture encompasses the values, beliefs, underlying assumptions, attitudes, and behaviors shared by a group of people. It sets forth the rules—unspoken and unwritten—for working together.
It’s relevant to reform because it governs behavior in work groups. It influences virtually every interaction of people in performing their jobs. It affects the time they start work, their tolerance for sexist comments, the way they deal with customers—everything.
Culture plays an important role in every successful organization. More than a few writers have argued that it would be great if government could develop a performance culture. That’s one where employees are committed to achieving results. Employees in high performing companies are energized by the culture. It’s reinforced by their reward and recognition practices. more> https://goo.gl/AiEOKL
Posted in Book review, Business, CONGRESS WATCH, Economic development, Economy, Education, History, Leadership, Media, Regulations
Tagged Business improvement, Congress Watch, culture, Government, Leadership, Organization, United States