Power Of Principles Book Report

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The Power of Principles brings insights from academia and research, experiences from the business world, and theological judgments from priesthood making it a valuable blend. Byron taught corporate social responsibility in the MBA program at Loyola College in Maryland, McDonald School of business at Georgetown University; in addition, Byron is Jesuit priest and economist. This unique mixture makes the content extremely valuable in today’s business world because of its extensive worldview. The period of the turn of the century in many American businesses such as Enron, Worldcom, Arthur Anderson, etc. were driven by unworthy values like self-indulgence, greed and corruption that drove business into unethical territories. The awareness of the dark business period in American economy gives chill even today that impacted the global economy. The author linked old and new corporate values, how they have been interpreted differently in today’s world. …show more content…
At the end of each chapter there is an image for that principle which serves as a metaphor. Although, narrated examples in the books are from all walks of life it could not be established as a scientific source since this is not researched. There is no methodology to support that. Unchecked dysfunctional culture or values could propel a person or an organization into unethical terrain. Therefore, self-regulation, social norms, and public laws are vital elements to remain as ethical beings and ethical organizations. Schien’s Organizational culture and Leadership is an excellent source for any leader in any type of organizations. The root cause of successes and failures are embedded in the

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