A recent “60 Minutes” TV segment highlighted Connecticut’s claim that several drug companies have been conspiring to dramatically increase prices on prescription drugs. After new drug patents expire, the government intends for competing drug companies to develop generic versions of the drug, making them more affordable for the masses. Unfortunately, according to the Connecticut Attorney General, several drug companies are ...
One of the struggles many family businesses face is jealousy. I’ve observed a father play his son and daughter against each other to see which one was better suited for running the family business. This fostered jealousy and caused them to sabotage each other, even when they knew it was harmful for the business. In Genesis 37 Jacob revealed his ...
My friend, Adam, recently contrasted his experience between two different cruises. His first cruise was a Disney Cruise with his entire family. The second cruise was a Carnival Cruise with other couples. The Disney Cruise was expensive but had tremendous entertainment value. Carnival Cruise was very inexpensive with limited entertainment. Adam felt both served their purpose. Carnival’s limited options met ...
Yuval Feldman contends that major ethical scandals seem obvious, but the ones that can also do great harm are the smaller ones that chip away at trust and alter organizational behavior. In a Harvard Business Review article, Feldman contends that research reveals that stealing office supplies, fudging expense reports and engaging in conflicts of interest can become blind spots. This ...
William Rick Singer started a business 25 years ago with a vision of helping students navigate the higher education maze. Along the way, Singer realized that there were wealthy people willing to pay significant amounts to get their average children into premier schools. According to the Wall Street Journal, Singer’s business began devising schemes to hire test takers to sit ...
In business we can easily get into a cat and mouse game of chasing titles. Our human nature hungers for notoriety and recognition. We long for someone or something to make us feel important. Isaiah 62:2 says, “The nations will see your righteousness, and all the kings your glory; And you will be called by a new name which the ...
Some leaders conduct business with zero sum thinking. They believe that one person’s gain is another person’s loss. A win/win solution is hard to comprehend. Zero sum thinking permeates many competitive situations. If your competitor convinces one of your customers to switch to their service, you might assume that you lost and they won. But what if losing that customer ...
Competition in business may be commonplace, but some can take it to extremes. Bill Reneau is allegedly one of those people. Mr. Reneau owns a business called Gold Rush Exchange. One of his former employees started a competing business called Bobby Jackson’s Trading. Reneau must not have appreciated the competition. He was recently arrested for hiring a man to drive ...
In the business world, hopes are placed in many different items. Some people hope in their retirement plan, others put their hope in profitability, and for some their hope lies in power or influence. The problem with those kinds of hope is when your wealth or power suffers hope quickly disappears. When people lose hope, they become rudderless. Fortunately, when ...
In high school, my journalism teacher taught that news was reporting the facts without bias. If I interjected bias into a news article, my grade suffered. In my opinion, the craft of journalism has lost its way. The American Press Institute says, “Journalism attempts to be fair and accurate. It does this through objective methods and managing bias.” Unbiased reporting ...
Equipping Others to Do Work Differently
