Skip to main content

Ten Commandments for good corporate governance?

MIT professor Dan Ariely (Duke University PhD) has been recently profiled in Fortune as one of the top new management gurus. In his book Predictably Irrational, Dan describes an experiment aimed at understanding dishonesty — an important topic in this age of the Satyams and the Enrons.

One of the questions he tested was “Would the Ten Commandments have an effect on participants’ integrity?”

Dan says “But what a miracle the Ten Commandments had wrought! We didn’t even remind our participants what the Commandments were — we just asked each participant to recall them (and almost none of the participants could recall all 10). We hoped the exercise might evoke the idea of honesty among them. And this was clearly what it did.”

While concluding, Dan suggests “… perhaps we could bring the Bible back into public life. If we only want to reduce dishonesty, it might not be a bad idea.”

Interestingly, that suggestion is not very different from what Tom Peters recently asked while getting tough with three specific business leaders: “Did any of them go to Sunday School?”

Coming back to the honesty experiment, Dan however adds “… some people might object, on the grounds that the Bible implies an endorsement of a particular religion …”

First posted in WordPress on February 6, 2009

Comments

  1. AnonymousJuly 14, 2009

    This is a copy/paste of a Reader's comment on this post, which was first published in WordPress.

    "This is a divine thought but, as the author concludes, people are loathe to be associated with a specific religion. I think business leaders need to look outside their offices at their stakeholders. They need to ask themselves if their actions will get full endorsement. Most importantly, they need to wear the shoes of their stakeholders and experience what its like at the receiving end. They also need to have the wisdom to question their advisors and associates, management and board." - Peter Yorke (Director, Yorke Communications)

    ReplyDelete

Post a Comment

Popular posts from this blog

Business model intimacy

Courtesy: NobelPrize.org
The Grameen Bank success story continues to be researched and written about. Other companies have tried to repeat the Bank's model. Is there a fundamental difference between the original innovation and the followers? In MIT Sloan Management Review (Summer 2009), Erik Simanis and Stuart Hart compare the original model with that of India-based Hindustan Unilever's model and point out a crucial difference.

Grameen Bank was a result of personal bond and shared vision between Nobel laureate Muhammad Yunus and Bangladeshi farmers/villagers. Yunus and the villagers spent quality time together as a community before the innovator launched the bank. While Grameen Bank became a profitable and scalable village bank, the authors say that Hindustan Unilever's project is "unlikely to grow into anything more than a new distribution channel." While Grameen Bank generated a "groundswell" of demand," Hindustan Unilver's entrepreneur turnov…

clinton/obama/media cabal to be exposed starting june14

A lot of people have surrendered themselves to be constantly duped by leftist media outlets.

The duped people now believe things that are entirely different from facts – as regards the obama/clinton/media cabal.

For the duped leftists, the coming Inspector General (IG) reports and follow-up actions (assuming they're both carried out unobstructed) will be a shock.

The shock will be so powerful, the duped leftists may react in insane and dangerous ways. (Well, they've already been behaving in such ways, but they've been doing so for a different set of reasons and largely unaware of facts.)

Broadly, the IG reports are going to be about treasonous/ unconstitutional/ illegal activities, power abuses, and obstructions for the purpose of:

1. Exonerating a criminal Hillary

2. Covering up the crimes of the Clinton folks

3. Attempts to block a presidential candidate

4. Attempts at a coup against a constitutionally elected president

5. Obstruction of presidential duties

6. Public deception…

Elon's April 1 tweets: part of an emerging leadership style?

First his tweets and then my comments ...

Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it. — Elon Musk (@elonmusk) April 1, 2018
There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one). — Elon Musk (@elonmusk) April 1, 2018
Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks.

This is not a forward-looking statement, because, obviously, what's the point?

Happy New Month! pic.twitter.com/YcouvFz6Y1 — Elon Musk (@elonmusk) April 1, 2018
Almost all commenters appear to love Elon's April 1 tweets. But one person commented "CEOs of public companies shouldn't be putting out tw…