A thought-provoking article on the current U.S. corporate management scandals.An excerpt:
Managers encouraged to win at any cost find it very hard to forgo illegal and fraudulent methods, particularly when they suspect their rivals within and without their own firm are resorting to such.
…the market economy only made sense when embedded in the larger framework of a society with moral rules fairly and objectively enforced.
The entrepreneurial market economy is a remarkably self-correcting system, provided that the system is protected against simple fraud.
Will companies strike a balance between ethical fair play and winning given ever-increasing global competition?
For an interesting view on work and careers, check out Tom Peters’ site.