Management Information

To Thine Own Self Be True--Its Better for Business: What Arthur Andersen Would Say to His Company


As a child, you probably heard, "to thine own self be true." But what does that really mean? When the newspapers are full of cheating and lying business owners, politicians, and academics, does it really make sense to maintain your integrity?

To me, the answer is a clear, unwaffling YES! Without your integrity, you really don't have a business or a career--just a waiting game until you world comes crashing down around you.

But fear of being caught isn't the reason to live your life with integrity. The real reasons are that it helps you get to where you really want to be, and lets you feel really good about yourself.

Sometimes, integrity involves taking risks. Here's an example from my own career:

A graphic artist and I were at a pitch meeting to produce some materials for our local Board of Realtors. The organization had registered a very obscure domain name that only had meaning for them.

The "safe" thing to do would have been to nod our heads and continue the conversation. But when we heard the domain name, the graphic artist and I exchanged looks, and we started telling the organization why the domain they'd picked would be a marketing disaster. I told the executive director to imagine giving out that name on the radio, and to look at a name that would reinforce the group's identity and message.

We went out on a limb; this was a free consultation during a meeting to pitch for business, and if someone was really attached to the name, we might never have gotten the job. But we all brainstormed a bunch of better domain names--and then a few months later I got a call from the president of the largest real estate firm in the service area. He had been impressed at that meeting and came to me to rewrite the firm's entire collection of a dozen or so brochures--a very juicy assignment. By advising the client that its course was strewn with obstacles, I had put myself in the position to receive a much, much larger assignment, one for which I was not competing against any other copywriters.

Over and over again in my life, I've achieved or drawn closer to my goals by turning down work I didn't feel good about, refusing to compromise with my core principles, treating others with respect, and expecting high standards of others. I've even had to educate a few clients about plagiarism as I refused their assignments.

Arthur Andersen, the founder of the accounting firm that was driven out of business by integrity failure, lost a major account after refusing the company's request to engage in exactly the sort of unethical accounting that later brought down his company--early in his career, when he wasn't sure he could meet his next payroll. He told the client that there was "not enough money in the city of Chicago" to change his mind. Too bad his successors didn't understand this!

Copywriter, marketing consultant, and speaker Shel Horowitz is the author of six books and publisher of five websites, five webzines and three ezines. His two most recent, Principled Profit: Marketing That Puts People First (http://www.principledprofits.com) and Grassroots Marketing: Getting Noticed in a Noisy World (http://www.frugalmarketing.com) have both won awards. He's currently engaged in a campaign to get 25,000 people to sign--and spread--the Business Ethics Pledge: http://www.principledprofits.com/25000influencers.html


MORE RESOURCES:

HRmagazine.co.uk

News Analysis: The Implications Of Oracle's Acquisition Of Taleo
Forbes
On February 9th, Oracle announced its intention to acquire Dublin, CA based Taleo for $1.9B. Taleo is a cloud based talent management software provider with 5000 customers and 1400 employees. Key take aways to consider: Moves by SAP and Oracle intend ...
Oracle buying Taleo for $1.9 billion, cloud war brewsReuters
Roll up, roll up! Oracle digest TaleoZDNet (blog)
Oracle acquires talent management firm TaleoHRmagazine.co.uk
ReadWriteWeb -Financial Times -MarketWatch (press release)
all 453 news articles »


Yeung Says Fidelity Fund Managers Favor China Stocks
Washington Post
10 (Bloomberg) -- Catherine Yeung, an investment director at Fidelity Investment Management Ltd. in Hong Kong, talks about Asian stocks and bonds. Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said low interest rates and ...

and more »


Health Management Associates, Inc. to Present at the Leerink Swan 2012 Global ...
MarketWatch (press release)
NAPLES, Fla., Feb 09, 2012 (BUSINESS WIRE) -- Health Management Associates, Inc. /quotes/zigman/229077/quotes/nls/hma HMA -2.71% announced today that its management will present at the Leerink Swan 2012 Global Healthcare Conference to be held February ...
Quality Systems, Inc. to Present at Leerink Swann 2012 Global Healthcare ...EON: Enhanced Online News (press release)

all 179 news articles »


New President to Pohjola Asset Management Limited
Reuters
Pohjola Bank plc STOCK EXCHANGE RELEASE 10 February 2012, 9.30 am EET New President to Pohjola Asset Management Limited Pohjola Asset Management Limited, a subsidiary of Pohjola Bank plc, is appointing a new President: Mr Karri Alameri (48), ...

and more »


Shawmut Property Management Proudly Announces Three New Condominium Management ...
MarketWatch (press release)
9, 2012 /PRNewswire via COMTEX/ -- Shawmut Property Management, LLC ( www.shawmutpropertymanagement.com ), a full-service condominium management company that services Massachusetts, New Hampshire, and Maine, today announced that it has entered into new ...

and more »


York Capital Management Funds Mostly Post Gains In Jan - Letter
Wall Street Journal
NEW YORK (Dow Jones)--Hedge fund manager York Capital Management said most of its funds posted gains in January, though its $470 million Asian Opportunities Fund declined by a minor 0.4%, according to an investor letter. The letter didn't detail how ...

and more »


Edgewood Management Holdings in 4th Quarter: 13F Alert
Bloomberg
The following is an analysis of Edgewood Management LLC as of Dec. 31, according to a filing with the US Securities and Exchange Commission on Feb. 9. Top Positions by Market Value Company Name Ticker Market Value Current Change (USD $) Position In ...

and more »


NFL time-management debates go into overtime
San Francisco Chronicle (blog)
The strategy itself has become a fashionable, one-size-fits-all piece of time management. But it didn't match the Giants' needs and won't cover anyone's posterior when it backfires. A team takes a huge risk by ordering the offense to play defensive ...

and more »


Petrobras Shakes Up Management As New Chief Executive Is Named
Wall Street Journal
BR), on Thursday unveiled a shake-up of its most senior managers, coinciding with the appointment of a new chief executive. Jose Miranda Formigli Filho was named as head of exploration and production, taking over full responsibility for the company's ...

and more »


Och-Ziff Capital 4Q Net Loss Widens To $137 Million
Wall Street Journal
By Amy Or Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Hedge fund manager Och-Ziff Capital Management Group LLC's (OZM) fourth-quarter net loss widened on lower incentive income resulting from negative returns experienced by most of the company's funds ...
Och-Ziff Capital Management Group LLC Reports 2011 Fourth Quarter and Full ...MarketWatch (press release)
Och-Ziff profit off as performance fees shrunkReuters
Och-Ziff Net Income Drops 94% as Performance Fees DeclineBloomberg

all 15 news articles »

Google News

home | site map
© 2006