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The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness (Business Books) Hardcover – October 31, 2014
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About the Author
John A. Allison is President and CEO of the Cato Institute. Previously he served for twenty years as Chairman and CEO of BB&T, one of the largest financial institutions in America. Allison is a former Distinguished Professor of Practice at Wake Forest University. He received a Lifetime Achievement Award from American Banker, was named one of the decade’s top 100 most successful CEOs in the world by Harvard Business Review, and is the recipient of six honorary doctorate degrees.
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Top customer reviews
The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness can sit on the shelf with all the pop business management books, but it adds quite a bit to the formula: wait for it . . . a philosophy and moral foundation. I have enjoyed many books in this genre, recently Bob Lutz's, but the implicit message is always "be a greater person ---be like me;" Allison gives a template that can be adapted to any organization or used by an individual for personal improvement.
"Many people view integrity as some form of duty. Integrity is not a duty. It is a means to improve the probability of being successful and happy. The concept is to develop your principles outside the "heat of battle" and then to consistently apply those principles in the heat of battle because you know that living these principles improves the probability of being successful and happy. Therefore, it is important to not view integrity as a duty or some kind of ill-defined obligation. This perception encourages you to "cheat" on the very principles that are fundamental to your success and happiness.
"Because there is a proper method for judging individuals and because individuals must be evaluated as individuals (because they are individuals), collectivism and all its ugly variations should be rejected. Collectivists judge individuals by their membership in groups. Since all the individuals in the group are different and therefore should be judged differently, collectivists have a 100 percent error rate."
My management days are well behind me but I enjoy business books and think we all our own managers and leaders in all but the most non-autonomous organizations. Allison's "core values" are valuable at any level.
"We have now reviewed the 10 core values used at BB& T and my personal values: reality, reason, independent thinking, productivity, honesty, integrity, justice, pride, self-esteem, and teamwork. Upon reflection, one can see that not only are these values not contradictory but that they are integrated. Failure to execute on one value will make it impossible for you to execute on another value."
Interesting and Informative -- five stars