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Author: TMFSelena Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2883  
Subject: Half-truths about business Date: 5/17/2002 11:39 AM
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A wonderful article:

http://www.fastcompany.com/online/59/ceo.html

Excerpts:

<<The problem with the notion of heroic leadership, of course, is not just that it's preposterous on the face of it. It is also corrosive to the connection that needs to exist between a real leader and the people who make the company work. Real leadership is connected, involved, and engaged. It's often more quiet than heroic. Real leadership is about teamwork, about taking a long-term view, about building an organization slowly, carefully, and collectively. As CEOs, your job is to set an example of energizing others, not to take dramatic actions that let you take the lion's share of the spoils. >>

<<Business simply won't work if each of us is only in it for ourselves. While we need to have individual initiative, we survive in a context of social engagement. >>

<<Maximizing shareholder value at the expense of all of the other stakeholders is bad for business and bad for capitalism. It drives a wedge between those who create the economic value -- the employees -- and those who harvest its benefits. Customers, too, recognize the cynicism of a company that only sees them as dollar signs. >>

<<Of course, lean and mean offers the same half-promises as the other half-truths: Embrace it, and you'll get lower costs, higher productivity, flatter structures, empowered workers, and delighted customers! You'll get -- in those glib phrases of the day -- "more for less" and a "win win" situation.

Well, maybe. Or maybe you'll get burned-out managers, angry workers, quality losses under the guise of productivity gains, and bad service that alienates customers. In other words, you'll get "less for less" and a "lose lose" situation. >>

There's more, and it's all good. (At least in this Fool's opinion.)

Selena
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