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Leadership requires the passion, vision, integrity, and experience to create an ethical and effective organizational culture. True leaders inspire and motivate individuals to strive for excellence and continually improve and innovate.

It is vitally important that ethical decision-making, hiring and promoting the best, delivering excellence, and building long-term value are the core principles which guide all management actions. Values such as trust, honesty, integrity, fairness, reliability, pragmatism, and excellence must be continually exemplified, supported and rewarded at all levels of an organization. - Chris Banescu

Latest Blog Posts
  • America’s ‘Free’ Falling Economy - February 3, 2010
  • Swerving Off the Path to Prosperity - January 27, 2010
  • Crash Course - January 22, 2010
  • How Data On Income Distribution Are Misunderstood And Misapplied - January 11, 2010
  • Don’t Tax You. Don’t Tax Me. Tax That Guy Behind the Tree! - January 8, 2010
  • Latest Article

    Warning Signs of Power Corruption in Organizations
    Chris Banescu  |  Sep. 3, 2009

    Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority: still more when you superadd the tendency or certainty of corruption by full authority. There is no worse heresy than the fact that the office sanctifies the holder of it. - Lord Acton

    Lord Acton's dictum, made in 1887, clearly warns us that the practice of wielding power and influence can corrode the character of leaders. History is replete with examples of individuals who wielded unchecked power and eroded not only their own integrity, but also the ethical and moral foundations of the organizations they led and brought them to catastrophe and ruin. This danger is true of all organizations including businesses, religious institutions, and governments.

    Here is the risk inherent in leadership: The greater the leader's power, wealth, authority, and influence, the more likely the leader could succumb to ethical lapses and moral failings. The risk increases if the organization has a culture that lacks financial or managerial transparency and accountability, has insufficient checks and balances on executive power, and discourages criticism from subordinates or members. When a leader with a poorly developed ethical or moral sense ends up leading an organization with a culture that prevents ethical self-examination, a slow but perfect storm starts to form that demands compromise from all levels of leadership and eventually leads to catastrophic consequences.

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