Greed, Money, And Its Effect On Managing

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Greed, Money, And Its Effect On Managing

Greed, Money, And Its Effect On Managing (http://www.articleinfo.org/Article/Greed--Money--And-Its-Effect-On-Managing/291134) By: Craig Nathanson (http://www.articleinfo.org/profile/Craig-Nathanson/23919)



The problem with greed

Just take a look at the economic crash of 2009 and one will see the impact of greed on the economic system. Nowadays it seems enough is not enough. The organizational drive to increase margins, lower costs, improve productivity continues to be the main emphasis in business. After all this is what our schools teach. What gets lost is the balance between the drive for just making money and making work enjoyable. When people find joy in their work, they want to help to improve the business and are more creative and willing to offer suggestions. While the desire by management is for collaboration, often the management does the opposite placing people in competition vs. one another. This leads to the mistrust between employees and management.

Greed takes over

Continued here... (http://www.articleinfo.org/Article/Greed--Money--And-Its-Effect-On-Managing/291134)

[orangemike]

"When people find joy in their work, they want to help to improve the business and are more creative and willing to offer suggestions. While the desire by management is for collaboration, often the management does the opposite placing people in competition vs. one another. This leads to the mistrust between employees and management."

No. Incompetent (i.e., most) management's unstated goal of using up employees and then discarding them like used Kleenex leads to mistrust between employees and management.

"education helping people learn how to motivate themselves which in return would produce more productivity and joy at work."

Sounds like Brave New World's "Alpha[s]... wear grey. They work much harder than we do, because they're so frightfully clever. I'm really awfully glad I'm a Beta, because I don't work so hard. And then we are much better than the Gammas and Deltas": brainwashing to prevent legitimate discontent by making one happy in one's "place".

[puamana]

Most of us are independent web developers because we did not quite 'fit' into the corporate vision of the companies we used to work for. Either we had talents that were undervalued and underused by 'management' or because we simply could no longer stomach the corporate line of bs. Maybe we aren't rich, but we are a heckuva lot happier than any number of drones working in the prairie dog farms provided by corporations. Greed, unfetterered profits over community responsibility are the cause of our present difficulties, and printing drivel like the 'article' above (no doubt entered because of the page rank the articles.org site will gain by having it posted here) only encourages the kind of irresponsible behavior that brought us the oil spill in the Gulf, and the onging near-collapse of the world monetary system. The best way to choke off corporate greed is to stop buying their products. If you can't stop, then reduce your consumption level by stages until you CAN stop buying. The only exist because we give them our money.

puamana

[chrisJumbo]

The problem is one size does not fit all. The article points out that what works for the younger crowd may not work for the older crowd. So do you throw out what works for the younger crowd?!? Of course, not. A good manager finds out what makes his employees tick and then found ways for them to "earn" what that is. It may in fact may not be money. It may be time away. It may not be a big bonus. It may be a lunch with some friends. It may be the ability to do volunteer work or do something completely different. And it may actually be a big bonus. Find what it is. Create metrics to measure progress. Provide the reward when completed.

The employee also has to understand that although not everything can be about money, at the end of the day, he doesn't have a job if the company isn't making money (unless he is a Gov't worker :O) ). So while he or she wants to be recognized, he or she must also recognize the importance of helping the company make money.

puamana: not all corporations are bad. I suspect you are utilizing something that was made by a corporation that took certain risks to also earn a profit.

Some people like the corporate world, some do not. Thankfully, (at least in the US) we have the freedom to choose. I've worked for midsize and small companies. I also work for myself. All have pluses and minuses. I'm glad I don't have to chose a one-size-fits all option.

cd :O)
cd :O)

[SemAdvance]

Actually it was the sub prime mortgage market that got us into the economic crash of 2009. Yes greed was probably a factor but so were many other factors. A Mr Madoff further added a tremendous jolt to the financial system. To make matters worse the USA elected George W Bush President not once but twice completely forgetting the dumbass bankrupted 3 oil companies, what did anyone expect him to do for the US but be perfect and go 4 for 4. At least while Bankrupting the US he and his VP made a fortune via Haliburton and his war on Saddam Hussain and his imaginary weapons of mass destruction.

Greed yes somewhat, STUPIDITY however had far more to do with the economic collapse more than anything.

Many corporations are run by very charitable people who if they did not have the millions to give away... would have impacted your life in some way if you stop and think about it.

There is a bad and good to anything.....

[chandrika]

BP is a topical example. They lost control of safety procedures as the business grew so large, resulting in the current situation.

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This may explain what could be happening (http://www.youtube.com/watch?v=b_6-iVz1R0o#t=13m51s) (YouTube TedTalks section about Agenticity (http://www.google.co.uk/search?hl=en&rlz=1T4ADRA_enGB383GB383&q=Agenticity&btnG=Search&cts=1276952196853&aq=f&aqi=&aql=&oq=&gs_rfai=)),

Agenticity (http://www.google.co.uk/search?hl=en&rlz=1T4ADRA_enGB383GB383&q=Agenticity&btnG=Search&cts=1276952196853&aq=f&aqi=&aql=&oq=&gs_rfai=), looking for patterns, higher forces, conspiracy google (http://www.google.co.uk/search?hl=en&rlz=1T4ADRA_enGB383GB383&q=conspiracy+google&cts=1276952283809&aq=f&aqi=g2&aql=&oq=&gs_rfai=), etc...

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The Moral Limits of Markets (http://www.youtube.com/watch?v=1q7_BeEEDVE#t=5m06s) (YouTube) ( Stanford University ) Professor Debra Satz urges students to "take an interest in the lives of others" in her parting lecture for the class of 2010. (2010 Class Day:)

"Seems like everything is for sale,"

(Students have to be out of bed befroe noon, mmm this is difficult)

[ronchalice]

Any organization, be it corporation, government, or religion, becomes corrupt and unmanageable after it reaches a certain threshold in size. Poorly supervised line and middle managers waste billions in organizational resources trying to become "noticed" by those above them on the food chain. Top level managers and executives begin to believe their own press clippings and eventually stumble over their perceived infallibility. Politicians are simply people who need to find real jobs, as in producing, not consuming.

[proceedweb]

Another thing is that people need to simply wake up, become more enterprising and take control of their lives! A lot of people are looking for jobs to return so they can go back to doing old things instead of growing. I am not saying that people should be out of a job, I am saying that companies were outsourcing jobs long before 2009 happened. Where was the uproar that made politicians take notice? Our vote or our oversight? New ideas bring new growth. A lot of these maniacal companies and out of touch management departments were blind and drunk with power. It is time to usurp the 1984 conditioned future by being brave and inventing new ways to make money. How long has the internet been available to the public again?