Teamwork vs. independent thinking?

If we are to believe people like President Obama who famously said: “You didn’t build that”, individual accomplishment is insignificant; only as a group...

Why humility is not a virtue

According to conventional morality, humility is a virtue. We are taught to think not too highly of ourselves or not to take credit for...

Robbing the rich in order to give to the poor: immoral and impractical

Last week the mayor of a Spanish town in Andalusia was orchestrating raids to local supermarkets for the purpose of stealing food to feed...

Key to effective management: Objectivity

Management is commonly defined as the process of accomplishing common goals by working through or with people. According to Chester Barnard, American businessman and...

Three errors about business ethics

In an ideal world, everyone understands that long-term profitability in business requires acting morally (and what that moral action involves). However, that knowledge is...

Should you apologize for something you have not done?

Last month, Fareed Zakaria, CNN TV host and Time columnist was suspended briefly for plagiarizing a passage by New Yorker writer Jill Lepore. Zakaria...

Peter Schwartz’s terrific new Forbes.com column against altruism

Peter Schwartz, one of the best writers I know, has written another excellent column against altruism: http://www.forbes.com/sites/realspin/2013/12/13/the-opponents-of-obamacare-are-completely-missing-the-point/

Doing business with dictatorships?

Canada’s largest engineering firm, SNC-Lavalin lost $1.5 billion (about 20%) of its market cap last Tuesday, due to $35 million in “improperly booked expenses”...

How to avoid bad decisions in business

Bad decisions happen. Resources are invested in new products that flop. Wrong people—underperformers—get hired and promoted. Mergers end up diluting instead of creating value....

Is buying for others the secret to consistent happiness?

The theme of money and happiness keeps coming up; I wrote about it last in April when the UN World Happiness Report came out....

Why business (and the rest of us) needs limited government

Many people take government involvement in the economy for granted. They agree that government should, among other things, determine who business should hire (equal...

There is no conflict between individual and common interests

This is the last installment based on my experiences in Finland in the last month. A few days before I returned to Canada, the...