CEOs from the Business Roundtable, including the leaders of huge companies like JPMorgan Chase, Apple, and Amazon, made major headlines recently. They came together with the stated aim of redefining business’s role in society. Overturning decades of business-school orthodoxy that embraced economist Milton Friedman’s pronouncement that “the social responsibility of business is to increase its profits,” the nearly 200 CEOs signed off on a statement about the “purpose of a corporation.” This statement explicitly acknowledged
The Accountability Blog
Tag: corporate values
I work with a lot of senior corporate leaders. One of the things I notice is that some of them are a little confused about the concept of corporate values. They often talk about personal and corporate values in the abstract, almost as hypothetical behaviors attitudes, as though their personal and corporate values were some far-off destination they were hoping, someday, to reach. They may say they have values in different categories, one of which
I run into a lot of leaders who mislead themselves — without realizing that’s what’s happening. Here’s how they do it. They say things, like “My people aren’t creative – we need to get a creativity expert in here to talk to them.” Or: “My people aren’t great problem solvers – they need to get better at problem-solving. Go find me a program that will help them improve their problem-solving.”
Here’s the disconnect. Nine times out of ten, the problem is not with the team. The problem is with the leader!