article thumbnail

CEOs Who Began Their Careers During Booms Tend to Be Less Ethical

Harvard Business

For instance, people who entered adulthood during economic depressions tend to be attuned to economic and national security throughout their adult lives , and particularly cautious with their personal and professional finances. Based on these previous findings, we wondered: Would CEOs who began their careers during boom times be less ethical?

Ethics 28
article thumbnail

Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business

Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. For academics, publishing and obtaining grants are key to promotion and career advancement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Avoiding Costly Business Mistakes With Consultants

Business Consulting Agency

A single misstep, whether in product quality, customer service, or ethical considerations, can tarnish a brand’s image irreparably. The impact on finances, reputation, operations, and missed opportunities underscores the need for precision in decision-making. Reputational Damage: Businesses thrive on their reputation.

article thumbnail

Transformational Leadership: Changing Culture to Fuel Financial Success

Organizational Talent Consulting

These ethical failures are often not the result of one "bad actor" alone but systemic issues. Leaders displaying idealized influence possess a high degree of moral behavior, virtues, character, and work ethic (Sosik & Jung, 2018). Journal of Business Research, 62(7), 673-679. Gregory, B. Harris, S. Armenakis, A. Manyika, J.,

Culture 52
article thumbnail

Research: CEOs with Diverse Networks Create Higher Firm Value

Harvard Business

For example, firms with better-connected CEOs can obtain cheaper financing , and firms with well-connected board directors see better performance. Our study , published in the Journal of Corporate Finance, found that CEOs with strong connections to people of different demographic backgrounds and skill sets create higher firm value.

article thumbnail

Your Data Literacy Depends on Understanding the Types of Data and How They’re Captured

Harvard Business

First, data science and AI are affecting many industries globally, from healthcare and government to agriculture and finance. FiveThirtyEight, the data journalism publication, gave Clinton a 71.4% The ability to understand and communicate about data is an increasingly important skill for the 21st-century citizen, for three reasons.

Data 31