Read e-book online Business at a Crossroads: The Crisis of Corporate Leadership PDF

By Tom Lloyd

ISBN-10: 0230230946

ISBN-13: 9780230230941

Liberal capitalism harbours harmful seeds of self-destruction; becoming inequality and, as contemporary occasions have tested, a bent for markets to spiral uncontrolled. This publication attributes either one of them to basic flaws in capitalism's major fiscal agent, the big, CEO-led, restricted legal responsibility joint inventory corporation. It explains why the issues built, describes how they threaten the liberal capitalist consensus and indicates a few steps businesses might take to reform themselves and enhance their variation to modern-day surroundings.

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Additional resources for Business at a Crossroads: The Crisis of Corporate Leadership

Sample text

But whether or not they can grasp the rationale for their leader’s course of action, and whether or not it is their place to question it, question it they do, according to what they view as reasonable in respect of their own, basic interests. And they will be hard to lead if they believe their leader is behaving unreasonably. The political climate that helps to determine employee loyalty and thus the Key Performance Indicator of labor turnover, can also be affected by high levels of top executive pay.

Stress is more likely in people who tend to be over committed to their work, and lack self-confidence. Stress is less likely if the employee has a high degree of control over his or her work, and if the work requires a variety of skills. OK, so work-related stress is one of those ailments that tend to become more common when they are named. But there is no doubt work became more stressful after the unilateral repudiations during the downsizings in the early 1990s of the old “loyalty, for security” psychological contract, that the 24/7 rhythm of today’s companies and intensifying global competition have increased work pressures, and that the lack of a work–life balance puts hapless employees between the rock of insatiable work demands, and the hard place of family responsibilities.

1 Animals are not as self-sufficient as Smith supposed – we know now that cooperation is quite common in the animal kingdom. But that simply means his economic laws were more profoundly “natural” than Smith knew. The hunger for wealth is more distinctively human, but Max Weber believed it to be just as natural: The impulse to acquisition, pursuit of gain, of money … has in itself nothing to do with capitalism. 2 How these “impulses” were first expressed is shrouded in the mists of pre-history, but business is probably as old as society itself, because it is very hard to imagine how mankind could have emerged from the caves without specialization, and the barter of goods and services.

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Business at a Crossroads: The Crisis of Corporate Leadership by Tom Lloyd


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