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Only by exerting pressure will company practices really change.
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Whose best practices are really better?
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And we think that if states want to protect their citizens against the kinds of consumer practices that have really caused an important piece of this crisis, they ought to be free to do so.
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Stuck with their own best practices, doing what they do really well, and continuing to do more of it.
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It has been building for the past few years and will most likely herald its full arrival in 2013: a perfect storm of out-dated organizational practices, new mindsets about what really adds value to business performance and the maturation of social, mobile and cloud technologies that enable the transformation.
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They can self-correct by getting really serious about adopting best practices that assure sound governance.
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Consider, for example, whether you would really bet questionable employee selection practices and criteria (such as organizational fit, consensus hiring, GPA cutoff scores, or brain teasers) against a possible multimillion dollar judgment if it could be revealed that their use systematically discriminated against entire groups.
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What really increases long-term shareholder wealth is developing business practices that minimize impact on stakeholders.
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Which really does rather mess up an awful lot of business practices on the net.
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