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Book chapter
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Reference no. BEP13019
Chapter from: "Establishing Workplace Integrity"
Published by: Business Expert Press
Published in: 2024

Abstract

This chapter is excerpted from 'Establishing Workplace Integrity'. A strong business case can be made for the value in values for business leaders. Companies like FTX, Theranos, Enron, and Worldcom crashed and burned when their founders used fraud, deceit, and corruption to obtain short-term goals and stock price spikes. Values-based leaders (aka VBLs and principled principals) like John Pepper (former CEO of Procter & Gamble), Jim Burke (former CEO of Johnson and Johnson), and Michael Woodford (former CEO of Olympus) had their personal ethics compliment their company's values to deal with potential business crises. This book explores values-based leadership in different settings and perspectives, including the leader, employees, and the organization. The lessons focus on the themes of: Corporate culture; Employee loyalty and engagement; Motivations for improper behavior; Going inside the mind of a whistleblower; Crime and punishment for organizations; and White-collar crime for individuals. It is written in a practical voice, sprinkled with business case studies and pop-culture references from movies, songs, and TV shows and follows the life cycle of work, mostly from a US outlook. Several chapters contain an Appendix for interested readers who'd like a deeper dive into a topic. Each lesson starts out with an overview of the main concepts covered. These act as Executive Summaries or teaser outlines. Each summary will be followed by the main event, and the chapters include the historical background of the topics, progressing to the present day.

About

Abstract

This chapter is excerpted from 'Establishing Workplace Integrity'. A strong business case can be made for the value in values for business leaders. Companies like FTX, Theranos, Enron, and Worldcom crashed and burned when their founders used fraud, deceit, and corruption to obtain short-term goals and stock price spikes. Values-based leaders (aka VBLs and principled principals) like John Pepper (former CEO of Procter & Gamble), Jim Burke (former CEO of Johnson and Johnson), and Michael Woodford (former CEO of Olympus) had their personal ethics compliment their company's values to deal with potential business crises. This book explores values-based leadership in different settings and perspectives, including the leader, employees, and the organization. The lessons focus on the themes of: Corporate culture; Employee loyalty and engagement; Motivations for improper behavior; Going inside the mind of a whistleblower; Crime and punishment for organizations; and White-collar crime for individuals. It is written in a practical voice, sprinkled with business case studies and pop-culture references from movies, songs, and TV shows and follows the life cycle of work, mostly from a US outlook. Several chapters contain an Appendix for interested readers who'd like a deeper dive into a topic. Each lesson starts out with an overview of the main concepts covered. These act as Executive Summaries or teaser outlines. Each summary will be followed by the main event, and the chapters include the historical background of the topics, progressing to the present day.

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