Download Why Loyalty Matters: The Groundbreaking Approach to by Timothy Keiningham, Lerzan Aksoy, Luke Williams PDF

By Timothy Keiningham, Lerzan Aksoy, Luke Williams

"Why Loyalty issues" offers compelling perception into how loyalties, huge and small, provide the prescription to the vacancy many consider of their lives, and to the expanding fragmentation present in groups via failing companies.

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Extra info for Why Loyalty Matters: The Groundbreaking Approach to Rediscovering Happiness, Meaning and Lasting Fulfillment in Your Life and Work

Sample text

While touring one of Scott Paper’s plants, an employee proudly told then-CEO Al Dunlap that he was a thirty-year veteran. Dunlap’s loyalty-critical reply? ” Although few CEOs are as callous as Dunlap, CEOs frequently have short tenures with the companies they oversee. Furthermore, their primary loyalty is supposed to be to the shareholders. While there is nothing inherently wrong with this, all too often the focus on shareholders is translated into a focus on near-term profits rather than on what is in the best long-term interest of the company.

You are more likely to be open to new ideas and experiences. This enables you to take advantage of different and novel perspectives. You tend to be more accepting of change and of getting out of your comfort zone. As a result of these tendencies, however, you have the potential to get sidetracked or feel like you are lost in unchartered territory. PROBLEM-FOCUSED COPING Problem-focused coping refers to how you go about meeting challenges, overcoming obstacles, making choices and withstanding the consequences of those decisions.

Although few CEOs are as callous as Dunlap, CEOs frequently have short tenures with the companies they oversee. Furthermore, their primary loyalty is supposed to be to the shareholders. While there is nothing inherently wrong with this, all too often the focus on shareholders is translated into a focus on near-term profits rather than on what is in the best long-term interest of the company. The result? Downsizing has become the prevalent means of reengineering the corporation. Once-loyal employees are told en masse that the company’s loyalty to them is no longer economically viable.

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