Who is Managing the Business of America: The Market, or the Business Leader

It is with ironic interest that I see the media hyperbole regarding the market and investors. It seems investors are our bell weather for the state of the economy. If the market is up everyone is
happy. If the market is down we all get nervous. Yet I ask myself why?

Today’s Wall Street Journal whines that investors are worried. Well pardon me, so is the business leader. They want to build a business. They have customers and ideas. They can’t get financing
because the investors are worried.

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Esprit de Corps and Culture

I am reading the book, War Fighting, published by the United States Marine Corp, in 1989. I was struck by the following phrase, “Leaders should develop unit
cohesion and esprit and the self-confidence of individuals within the unit. In this environment, a Marine’s unwillingness to violate the respect and trust of peers can overcome personal
fear.”

This speaks to the value of Culture in an organization. When there is a strong culture, …

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