DOINA POPESCU (@doina.popescu) - Deepstash

DOINA POPESCU

@doina.popescu

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6 Following

92 STASHED IDEAS

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8 PUBLISHED IDEAS

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For business to be part of the solution to our collective challenges, we leaders must see companies not as soulless moneymaking entities but as “human organizations” made of individuals working together in support of a shared goal. This goal must contribute to the common good by making a positive difference in people’s lives — what author and consultant Lisa Earle McLeod calls a “noble purpose.” In this approach, making money remains an imperative, but profits are not the ultimate objective; rather, they are the outcome of a successful strategy rooted in purpose.

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There are two key parameters that an organization needs to put in place to guide decision-making: 

1) the organization’s clearly communicated strategy -
leadership has to determine which decisions are “strategic” (and should be undertaken only by top management) and which decisions are “operational” (and can be undertaken by employees)

2) the organization’s values and purpose - they will help employees decide what actions support the purpose and values and what actions do not support them. This will help them decide what to do themselves and what to refer to top management to decide.

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Imagining the next future

The future of humanity is uncertain. Despite our best efforts to build a better tomorrow, we still don’t know what tomorrow looks like. In many ways, we can’t even come to a common understanding of what a positive future even is.

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Buffett has a smart strategy for making ethical decisions: “I ask the managers to judge every action they take — not just by legal standards, though obviously that’s the first test — but also by what I call the ‘newspaper test.’”

If a manager expresses uncertainty, Buffett says he asks them how they “would feel about any given action if they know it was to be written up the next day in their local newspaper.”

“It’s pretty simple,” he says. “If [the decision] passes that test, it’s okay. If anything is too close to the lines, it’s out.”

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