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The Power of Ethical Management

1 rating: 5.0
A book by Norman V. Peale

Addressing moral dilemmas in a time of influence peddling, insider trading and city-hall scandals, Blanchard (The One Minute Manager) and Peale (The Power of Positive Thinking) offer guidance in the form of a parable: a sales manager being pressed for … see full wiki

Tags: Books
Author: Norman V. Peale
Genre: Business & Investing
Publisher: William Morrow
1 review about The Power of Ethical Management

If only this advice would be considered by those who really need it

  • Mar 20, 2009
Rating:
+5
The world would be such a better place if ethics would be given more than basic lip service in corporations. We see this now with executives of companies where taxpayer dollars kept them from going bankrupt continuing to get lavish bonuses, sometimes when it is known that it is their shortsighted decisions that led to the problems. While ethical dilemmas often arise where there is no real correct pathway, in reality they are rather rare. Most ethical difficulties present two or more clear options, where the end results are obvious and the relative values of the choices evident.
Blanchard and Peale set down what is a simple set of five principles of ethical power.

*) Purpose - "I am always able to face myself in the mirror and feel good about myself."
*) Pride - "I feel good about myself and don't need the acceptance of others to feel important."
*) Patience - "I believe that things will work out in the end and I must think long rather than short-term."
*) Persistence - "I stick to my purpose, especially when it is inconvenient to do so."
*) Perspective - "I take time to enter each day in a mood of quiet reflection."

The story is presented as a situation where a mid-level manager is interviewing a potential hire, only to have the interviewee pull out a disk and offer up the complete customer database of a major competitor. If the person is hired, the database will give the company a significant advantage, but that advantage will be based on the use of stolen property. Furthermore, if hired, the new employee cannot be trusted, as they would have to be carefully watched to determine if they are stealing the customer data from them.
All sides of the problems are examined, including pressure from superiors to do the wrong thing and hire the interviewee. However, after some deep examination of the circumstances, the decision is made not to hire the thief, although it is a reasonably close call. Given the sorry state of the current corporate culture, this book and all others like it are badly needed to close the decency gap where managers will do anything to improve the numbers that are entered in the official records.

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