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Category Archives: Change

Is “Shareholder Value” a Myth or a Tool for Corporate Euthanasia?

Posted on August 7, 2012 by David

I have been reading Lynn Stout’s The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and The Public. It is a short, highly readable book, written with the objective of demolishing what Professor Stout calls the “shareholder value … Continue reading →

Posted in Change, General, Leadership | Tagged bankruptcy, boards, corporate law, directors, Dodge v. Ford, ecological perspective, innovation, liquidation, Lynn Stout, Mitt Romney, principal-agent, purpose, shareholder value model | 2 Comments

Recipe for Ruin: Nothing Lasts Unless It Is Incessantly Renewed

Posted on July 31, 2012 by David

Over the weekend a comment on a management blog referred to a piece by management writer Steve Denning in Forbes magazine. Entitled “The Key Missing Ingredient in Leadership Today”, it argued that real leadership is all about transforming systems, not … Continue reading →

Posted in Change, General, Leadership | Tagged Apocalypse Now, bureaucracy, coercive bureaucracy, complex systems, context, creativity, crisis, Denning, Deresiewicz, destruction, discipline, ecological perspective, enabling bureaucracy, Forbes, Francis Ford Coppola, freedom, Heart of Darkness, hierarchy, identity, innovation, Joseph Conrad, know-how, know-what, means and ends, modular, narrative, power, renewal, ruin, Toyota Production System, West Point | Comments Off

Why Walmart is Like a Forest: Excerpt from The New Ecology of Leadership published in Strategy+Business

Posted on July 10, 2012 by David

An excerpt from The New Ecology of Leadership has just been published in Strategy+Business. It draws the parallels between the growth of the Walmart stores and forest succession, suggesting that it is fundamentally an ecological process. You can read the excerpt here.

Posted in Change, General | Tagged bribery, context, ecology, forest succession, stores, The New Ecology of Leadership, Walmart | Comments Off

Renewal in the West: Nature Bats Last

Posted on July 3, 2012 by David

This year the annual fire season has come early to the Western regions of North America. In the southern mountains it has been prompted by a reduced snowpack, low rainfalls, blistering heat and low humidity. In the north, where the … Continue reading →

Posted in Change, General | Tagged California wildfire, Cedar Fire, chaparral, destruction, ecocycle, ecological perspective, fire, fire season 2012, fire-dependent, human community, lodgepole pine, mountain pine beetle, nature bats last, San Diego, Santa Ana wind, serotiny, Western forest | Comments Off

Obama and Romney: Prisoners of the System?

Posted on June 19, 2012 by David

I spent Thursday and Friday of last week at a conference in Las Vegas where I was speaking. The meeting was put on by the Applied Finance Group (AFG), a financial consulting company who create sophisticated corporate valuation models for … Continue reading →

Posted in Change, General, Leadership | Tagged addiction, Barack Obama, Clinton incrementalism, Congress, corruption, creative destruction, dependency, East Coker, ecological perspective, economic rents, Facebook, flat tax, gift economy, House of Representatives, Instagram, Lawrence Lessig, Milton Friedman, Mitt Romney, Republic Lost, Ronald Reagan, rootstriker, Senate, social traps, sunset clause, The New Ecology of Leadership, Thoreau, TS Eliot | Comments Off

Seeing The World With New Eyes

Posted on June 12, 2012 by David

A few weeks ago I put on a seminar in New York City, kindly hosted by Kaihan Krippendorf. Kaihan is a management strategist, speaker and author who helps organizations “outthink” their competition. He is also an expert blogger for Fast … Continue reading →

Posted in Change, General | Tagged Marcel Proust, naive, new eyes, The New Ecology of Leadership | Comments Off

Catch 22: The Anatomy of a Social Trap

Posted on June 5, 2012 by David

Joseph Heller’s best-selling, satirical novel, Catch-22, gets it name from the self-contradicting circular logic that the book’s protagonist, Captain John Youssarian encounters while on active service as a B-25 bombardier during World War II. This was the logic that prevented … Continue reading →

Posted in Change, General | Tagged complex systems, fund returns, pension funds, public service, social traps, sustainability | Comments Off

The Spirit of Capitalism: the Quakers and the First Industrial Revolution

Posted on May 29, 2012 by David

The ecological model in The New Ecology of Leadership shows enterprises as being conceived in passion and born in communities of trust and practice. My insights into this dynamic were first guided by my discovery of the Society of Friends, … Continue reading →

Posted in Change, General, Leadership, Strategy | Tagged Adam Smith, Anglican Church, Anglo-Saxon capitalism, Barclays Bank, Book of John, Book of Matthew, Catholic Church, charcoal, Christian calling, Coalbrookdale, coke, community, complex systems, engines, English Civil War, English Nonconformists, First Industrial Revolution, George Fox, ideology of markets, iron, Iron Bridge, Lloyds Bank, market price, Max Weber, means and ends, pots, pumps, Quakers, Robert Barclay, Royal Navy, Sermon on the Mount, Shropshire, skillets, Society of Friends, sociology of virtue, spirit of capitalism, The Wealth of Nations, Theory of Moral Sentiments, William Penn | Comments Off

Bain or Bane? Private-Equity and Creative Destruction

Posted on May 22, 2012 by David

With Mitt Romney now the inevitable Republican Presidential candidate, renewed attention is being focused on his incredibly lucrative years running Bain Capital. In that private-equity firm he and his colleagues played key roles, mostly as the turnaround managers of mature … Continue reading →

Posted in Change, General | Tagged American economy, Anglo-Saxon capitalism, Bain, complex systems, creative destruction, ecological perspective, forest renewal, incentives, innovation, Mitt Romney, neoclassical economics, Obama, predator, private-equity, scavenger, shareholders, tax policy, The Economist, venture capital | Comments Off

Sustaining Complex Systems: Fairways and Traps

Posted on May 15, 2012 by David

This past Sunday’s New York Times contained another cautionary tale about complex systems and the people who live in them. It is the story of the seaside town of Matunuck on the southern coastline of Rhode Island. The entire region … Continue reading →