Month: March 1929

Three Foundation Stones for Building Organizational Integrity (1)

Three Foundation Stones for Building Organizational Integrity There are a lot of different ways that we can get at right and wrong in business dealings. Every business has to structure its efforts according to its own line of business, the personalities of its people and the corporate culture. But there are three basic principles that must be the underlying foundation of any truly successful business. By Dr. Freddy Davis When the stock market crashed in 1929, a lot of people lost everything they had. You would think that the result of that event would be complete and utter despair. And, in fact, there were those who reacted that way. Many people committed suicide because they lost their life savings on that fateful day. They simply went into a depression and just couldn’t bring themselves to go on with life. But another group of people reacted differently. They, too, lost everything—but they had better coping mechanisms. These folks were, somehow, able to take it in stride. Many of them went on to create another fortune. What was the difference? Both lost everything. Why did they react so differently? The answer is that they placed their values in different places. As a result, the paths they chose were also entirely different. The ones who committed suicide saw money as an end in itself. When it was gone there was nothing left...

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Three Foundation Stones for Building Organizational Integrity

Three Foundation Stones for Building Organizational Integrity There are a lot of different ways that we can get at right and wrong in business dealings. Every business has to structure its efforts according to its own line of business, the personalities of its people and the corporate culture. But there are three basic principles that must be the underlying foundation of any truly successful business. By Dr. Freddy Davis When the stock market crashed in 1929, a lot of people lost everything they had. You would think that the result of that event would be complete and utter despair. And, in fact, there were those who reacted that way. Many people committed suicide because they lost their life savings on that fateful day. They simply went into a depression and just couldn’t bring themselves to go on with life. But another group of people reacted differently. They, too, lost everything—but they had better coping mechanisms. These folks were, somehow, able to take it in stride. Many of them went on to create another fortune. What was the difference? Both lost everything. Why did they react so differently? The answer is that they placed their values in different places. As a result, the paths they chose were also entirely different. The ones who committed suicide saw money as an end in itself. When it was gone there was nothing left...

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