Tag Archives: muppets

Wells Fargo: Culture Eats Strategy (again) and (this time) the CEO

Over the decades organizational culture has devoured hundreds, if not thousands of strategies. One of the most recent examples is the case of Wells Fargo, where culture not only ate a long-standing, apparently successful strategy but last week also consumed … Continue reading →

Posted in Change, General, Leadership, Strategy | Tagged acquisitions, banking, Carrie Tolstedt, Cartesian mindset, cross-selling, culture, ethical code, ethics, Goldman Sachs, Jack Welch, John Stumpf, mega-bank, mergers, muppets, Norwest Corporation, outcomes, performance, process, scale, strategy, Timothy Sloan, Wachovia, wells fargo | Comments Off on Wells Fargo: Culture Eats Strategy (again) and (this time) the CEO

When Means Become Ends: Have our institutions lost their sense of purpose?

Forty years ago going to business school in the Western World, with a view to becoming a manager, was seen as an honorable endeavor. Back then we believed that management was a calling; a practice that had the potential to become … Continue reading →

Posted in Change, General | Tagged business schools, conflict of interest, ecological mental model, Friedrich Hayek, incentives, markets, means and ends, measurement, muppets, purpose, shareholder value model | Comments Off on When Means Become Ends: Have our institutions lost their sense of purpose?