Researchers at the Wharton School of Business claim to have shown that playing fair with customers and suppliers, and being transparent about who gets what out of any deal, can be the best way for everyone to benefit in the long-term. Despite the predictions of classical economic theory, it seems many people value fairness highly enough to walk away from any deal they believe won’t give them a proper share of the rewards, taking nothing rather than allowing the other side to profit unfairly.

We should all take time to consider the dangers of “management fundamentalism” and the dangers it brings.

Photo by Ramy Majouji, Wikimedia Commons

Writing in the British newspaper, The Observer, on Sunday March 23rd, 2008, Business Editor Simon Caulkin pointed to “management fundamentalism” as the primary culprit for the current financial and economic woes afflicting the global [...]

What happens when simple over-confidence leads to a nightmare of tension and lies?

There’s a reasonable belief that a healthy dose of self-esteem is necessary in a leader; that a person placed in charge of important activities needs to be courageous in facing problems and confident in his or her ability to overcome problems and obstacles. [...]

Respectfulness towards others is the key to a more civilized workplace

The challenge for life at work is this: how to be a “business” person and a “human being” at the same time. How to be compete, yet cooperate; be hard-nosed, yet ethical; keep one’s nose to the grindstone, yet still take time to “see” and [...]