A Self-reinforcing Upward Spiral: Performance Stimulating Pride

During The Boom Years, It Was So Easy To Lose Sight Of Basic Values. For Example, There Was Lots Of Nonsense Said And Written About The So-called "new Economy." Some People Said All Economic Laws Have Been Overturned! Then All The Problems Developed. Corporations Were Heavily Fined For Illegalities. Many Of Their Senior-level Executives Were Indicted, Convicted, And Sent To Prison.

It Is Crucial To Recognize, Reward, And Celebrate Accomplishments.

One Of The Symptoms Of A Losing Streak Is A Turnover Of Top Executives. It's A Revolving Door.

... People Are Capable Of More Than Their Organizational Positions Ever Give Them The Tools Or The Time Or The Opportunity To Demonstrate.

What Being Among The 'right People' Entails Is The Possession Of Human Capital, Rather Than Organizational Capital: An Individual Reputation, Portable Skills, And Network Connections. Career Responsibility Is Squarely In The Hands Of Individuals, A Function Of Their Knowledge And Networks. Transferable Knowledge Is More Important To A Career Than Firm-specific Knowledge.