Once again, the good faith of many people was challenged due to the latest news item: the bankruptcy of Gowex. The company had led the Mercado Alternativo Bursátil (MAB) as a benchmark on this alternative stock market after multiplying its value 18-fold since it was first launched in March 2010. And though it boasted a […]
Ethical Free Riders: An Insidious Disease Inside your Organization
What is an ethical free rider? Working in an ethically healthy firm has enormous benefits: at the internal level of the organization one may for instance have access to more information or enjoy more freedom and larger responsibilities due to an atmosphere of trust. At the level of external relations, the good reputation may attract investors, […]
The ‘Moral Factor’: Learning from a Management Classic
Today many recognize the importance of ethics in management, and particularly in leadership, although some others remain unconvinced. This post presents some insights from Chester I. Barnard (1886-1961), one of the pioneers of management thinking. He wrote The Functions of the Executive (Boston: Harvard University Press, 1938), a book which for decades was widely read […]