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The Executive's CompassBusiness and the Good Society$
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James O'Toole

Print publication date: 1995

Print ISBN-13: 9780195096446

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195096446.001.0001

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Introduction: “whose Values?”

Introduction: “whose Values?”

(p.1) Chapter 1 Introduction: “whose Values?” (p.2)
The Executive's Compass

James ƠToole

Oxford University Press

This chapter discusses the difficulties that modern executive leaders face due to “cross-cultural empowerment”, leaving them less “free to choose”, in the famous words of Milton Friedman, due to the sensitivities of a corporation's constituencies. Thus, the question indeed is “Whose Values?”. To avoid such complexities, business managers choose to simplify the issue. However, simplicity doesn't mean stressing only one value, or sacrificing other equally important ones. The answer to such a question leads to the enhancement of understanding. This chapter also discusses the five roles that executives play in the workplace and the role of democracy.

Keywords:   empowerment, Milton Friedman, values, simplicity, democracy, Liberty, community, equality, workplace

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