The Executive's Compass: Business and the Good Society

by James O'Toole

Book Overview

American society has become increasingly polarized by single- and special-interest groups: the Greens, who demand environmental purity; admirers of Japan who want a national industrial policy; supply-side economists who want government to all but disappear. This collision of values has turned America into a battleground of either/or tradeoffs: the community vs. the individual, the environment vs. jobs, the rights of each ethnic group vs. the needs...

• Format: Paperback
• Language: English
• ISBN: 0195096444
• ISBN13: 9780195096446
• Release Date: April 1995
• Publisher: Oxford University Press
• Length: 176 Pages
• Weight: 0.50 lbs.
• Dimensions: 0.6" x 5.5" x 8.4"

Customer Reviews

Thought provoking and insightful

I attended UF to gain an MBA in the mid 90s, and this book was required reading for the Business Law course (thank you Virginia Maurer). I have referred to it many times since and given away several copies to friends. Although wordy at times, the essential trade-offs we all have to deal with as individuals, families, companies, tribes, cities, countries, and societies are addressed intelligently and thoroughly. As a result of this book, discussions during the course, and subsequent discussions with friends and colleagues, my thinking as to what is important to me has moved.

"The Great Conversation Across the Centuries"

More than 50 years ago, Walter Paepcke founded the Aspen Institute and entrusted to Mortimer Adler the responsibility for devising a program of inquiry which became known as the Executive Seminar. Initially and for several decades to follow, groups of executives would gather together for two weeks under Adler's leadership to discuss the Great Ideas...what Adler once described as "the great conversation across the centuries." Along the way, O'Toole became involved and today conducts Leading Change seminars. (You are urged to read his book which bears that title.) In the Foreword to this book, Lodwrick M. Cook explains O'Toole's use of the central metaphor: "The beauty of the compass is that it provides a framework for the executive to create order out of the growing chaos of cultural diversity and conflict of values. Like a real compass, [O'Toole's `value compass'] helps us to find where we are, where others are, where we want to go, and how to get there. Like the Aspen experience itself, O'Toole's compass is aimed at developing executive judgment by expanding our understanding of the interrelationships of fundamental values." Whose values? They range from those of ancient Greece (Socrates, Plato, Aristotle, and Sophocles) through those of the Enlightenment (Locke, Hobbes, Rousseau, Jefferson, Hamilton, and Madison) and then those more contemporary within intellectual history (Emerson, Thoreau, Marx, Mill, Freud, Hayek, Schumpeter, Friedman, Postman, and Berlin). One way or another, directly or indirectly, each of the Great Ideas can help each of us in our own quest for "the good society." Hence the importance of the compass. I wish it were possible to recreate it graphically in combination with this brief commentary. It has four points (Liberty, Efficiency, Equality, and Community) and the tensions between and among them create what James MacGregor Burns has described as "the deadlock of democracy."As I can personally attest, the Executive Seminar is an exceptionally rigorous intellectual experience. Groups of approximately 20 persons spend a week together, with group discussions led by two carefully selected co-moderators. As O'Toole explains in the Introduction, his intention when writing this book was to assist executives in five roles they play. "One, as managers engaged in making `purely business' decisions: by recognizing and properly addressing the broad social implications of such decisions, they can bring out more effective organizational performance. Two, as managers whose internal policies turn out to affect outside constituencies. Three, as managers who are participants and partners in government....Four, as citizens who vote and volunteer in political organizations. Finally, five, as individuals who choose to examine their own lives and their own personal legacies to society." It would be a serious mistake to view Great Ideas as being impractical or somehow irrelevant to everyday human experience. On the contrary, as O'Toole brillian

Understanding Leadership

This book isn't for the typical reader. But, for those who are really looking into understanding leadership, it's for you. O'Toole identifies four "poles" on his compass that must be resolved in every leader's mind. Great perspective on society and how to deal with it.