The success of all organizations depends on how well their mission critical imperatives are executed. In Boeing’s case, their mission critical imperative is to build safe aircraft. Boeing’s mission statement needs to be “we build our aircraft as if our children and grandchildren will be flying on them.” As a board member, ensure you provide oversight on what is mission critical. Your company’s reputation depends on it.
Providing a great customer experience needs to be part of the tone at the top expressed by the CEO and by the culture that senior leaders nurture within the SEPTA organization. SEPTA riders deserve no less.
As leaders, we need to treat our customers, employees, suppliers and communities in the right way and operate our companies in an ethical manner. This is how to ensure sustainability and maximize shareholder returns over the long term.
Pursue mission-critical objectives with a laser-like focus. Spare no expense committing both talent and capital resources to ensure these objectives will be achieved. Commit these resources as early as possible. It is better to overcommit resources than under commit them, which may jeopardize the outcome.
Excerpt from a graduate oath. Words business leaders, political leaders and other professionals should live by: “In exercising my professional duties, I recognize that my behavior must set an example of integrity, eliciting trust and esteem from those I serve. I will remain accountable … for upholding these standards.”
The Supreme Court has held, “The First Amendment prohibits government officials from subjecting an individual to retaliatory actions, including criminal prosecutions, for speaking out.” The right of corporations to speak out on issues has always been a cherished value of the Republican Party. DeSantis is violating that value.
Business schools that teach to maximize shareholder value but don’t emphasize the importance of ethics, integrity and the need to be a good corporate citizen are shortchanging their students and the companies they will work for.
Why don’t all lawmakers hold themselves to the same conflict of interest standard as decision makers in corporate America?
In speech to MBA students, Warren Buffett, said, “There are three things in hiring people [that you] should look for: integrity, intelligence, and energy. If the person doesn’t have the first … the latter two will kill [you].”
More CEOs should adopt the Business Roundtable’s principles. More business schools should administer the MBA Oath at commencement. It’s the right thing to do.
Especially due to the power differential, fraternities have a fiduciary responsibility to keep their pledges safe.
On Nov. 7, Joe Biden won the 270 electoral votes required to win the presidency. All eyes are now on President Donald Trump.