Note from Rafik Beekun When you reward the top people in a company for doing a bad job, you encourage them to repeat their bad performance and you also indicate to everybody else in the company that bad performance will get them rewarded (and maybe the CEO position). Paying CEOs Top Dollar for Poor Performance […]
August 25, 2013
The Qur’an engages Muslims to practice consultative decision making by urging us in chapter 42 verse 38, “Amruhum Shura Baynahum.” “Those who hearken to their Lord, and establish regular Prayer; who (conduct) their affairs by mutual consultation among themselves; who spend out of what We bestow on them for Sustenance” [are praised] Please note that the shura process […]
August 25, 2013
Source: Will Oremus, http://www.slate.com There were many reasons for the decline of Microsoft under Steve Ballmer, including, as I wrote this morning, its lack of focus and its habit of chasing trends rather than creating them. But one that’s not obvious to outsiders was the company’s employee evaluation system, known as “stack ranking.” The system—and its poisonous […]
August 30, 2013
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