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["posts"]=> &array(3) { [0]=> object(WP_Post)#14289 (24) { ["ID"]=> int(2041) ["post_author"]=> string(2) "81" ["post_date"]=> string(19) "2019-05-29 13:12:55" ["post_date_gmt"]=> string(19) "2019-05-29 13:12:55" ["post_content"]=> string(4052) "Leadership can be very rewarding for those that inspire to help others. It can, however, result in negative behaviour if those in a position of authority, struggle to manage their influence and advantage over others. If this is not managed correctly, corrupt conduct can easily lead to the forefront of operations, ending in destructive consequences for all involved. Using Power For The Greater Good Or Personal Gain? Being aware of both the advantages and disadvantages of being in a leadership position can help to avoid adverse control. It is simple to see how holding such status can be used to positive advantage, particularly in the world of business and change. A leader can easily use their status to influence change and benefit others, but they can also use it for personal gain. This can result in fraudulence, nepotism, or other criminal actions. Some individuals may get caught up in a web of immoral or deviant practice, ultimately resulting in criminal activity. Issues can start to arise when personalised power becomes the focal point in decision making and public relations. It is important to recognise that not all cases of corrupt behaviour are intentional. Often, those involved can find themselves in a state of delusion, believing their behaviours are justified for the greater good. Others can have a different approach and behave in an unethical manner, with the belief that their power is exempt from consequence. Being in a position of control and influence can lead to egotistical thinking. Those that develop this mindset may lose key ethical traits that are a fundamental part of using influence to help others. This means that compassion and the perspectives of others may become disregarded. Corrupt conduct can tarnish the reputation of a business or organisation and cause irreparable damage. In addition to this, such behaviour can go against business objectives and cause damage in other areas. For an organisation set up to help disadvantaged members of society, such damage can have an effect on those relying on their services. Solutions To Avoid Or Eradicate Corruption Compassion is at the core of the solution to avoid or extinguish corruption. Without it, leaders can quickly lose touch with reality and end up living in an unrealistic and egocentric world. Compassion must come from the top down. This means that leaders must instil compassionate and ethical values into those that rely on their leadership. Striving to have a more personal connection with those that they lead can help to identify a range of perspectives. This is essential when leading a business or organisation that wishes to bring about positive societal change. Dealing with corruption can be a difficult process. It is often simpler to avoid an encompassing approach and break down the issue as a whole into more manageable areas. This means that over time, the overall issue will cease to exist, resulting in an ethical and compassionate organisation, managed by leaders to be proud of.

Want more?

Are you an entrepreneur or a business leader who wants to be a force for good? Reach out to explore whether our solutions can help you to move the needle." ["post_title"]=> string(24) "Can Corruption be Cured?" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(23) "can-corruption-be-cured" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2019-07-17 08:24:57" ["post_modified_gmt"]=> string(19) "2019-07-17 08:24:57" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(33) "https://www.happonomy.org/?p=2041" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "1" ["filter"]=> string(3) "raw" } [1]=> object(WP_Post)#14252 (24) { ["ID"]=> int(944) ["post_author"]=> string(3) "547" ["post_date"]=> string(19) "2018-03-10 00:00:00" ["post_date_gmt"]=> string(19) "2018-03-10 00:00:00" ["post_content"]=> string(5328) "What if organisations would pursue value instead of money? Not only value towards customers and investors but also, and especially, towards its employees, suppliers, the public at large and our environment? One can debate whether or not that wouldn't result in an economy that is more in sync with what we look for in life. The accounting system for this approach exists, it is called triple accounting. There are other recipes though to incentivise organisations to act more responsibly.  One of them is limiting limited liability.

The fiction of legal personality

The legal system underpinning our current economic system is built upon a tremendous fiction. Legal entities like companies are separated from the people owning and working in the organisation. There are many reasons why this construction came to life.  Probably the most important one though is to stimulate action and compensate for the fear of venturing into something new. Human beings like you and me are built to avoid too much of a risk. Our limbic brain injects fear when we want to do something that would go against our survival and well-being. In a way venturing in a new business also goes against this feeling of safety.

What if things go wrong?

To avoid inaction out of fear, limited liability was added to a set of legal entities to stimulate risk. If things go south, one doesn't need to worry people can take away your house. Investors lose their investment but there it stops. If people in the organisation make mistakes, only the assets of the organisation can be used to pay for the damages. Admittedly there are some exceptions in place such as board member liabilities which transcend that principle. Of course, we humans are so creative that we invented a type of insurance for these people to insure for these mistakes as well, basically resulting in the same outcome: you are not personally liable for the mistakes your organisation makes. There is a lot to be said in favour of this principle. Sometimes though, the principle works against its original reason of existence and becomes an excuse for a lack of morality and decency. People and businesses behaving unethically to earn a quick buck, shouldn't they be incentivised more to behave in line with what we all look for? Wouldn't that bring more joy and peace of mind to themselves as well?

Can we implement reduced limited liability?

Although the idea may sound appealing in principle, implementation would be no easy feat as the devil as always is in the details.  Two key issues require an answer: what behaviour would trigger exposing people to increased liability? And as important, how much of your personal assets would be exposed? All of them? In a humane society we obviously would not want ‘sinners’ to starve or be homeless. Seizing all other assets like stock, personal savings, second residences and other investments might be a good place to start. As for the behaviour, defining some practically applicable rules could provide a workable framework:
  1.     Actions that are acts covered by the penal code.
  2.     Acts that infringe trade & labour laws of the markets you sell in.
  3.     Acts that infringe environmental laws of the markets you sell in.
  By forcing companies to adhere to the laws of the markets they operate in (and not where they are registered), companies will have commercial incentives to stay in sync with the values that underpin these societies. To put it bluntly: if your company accepts child labour to produce their goods, you can only sell in markets where child labour is accepted as well. One may argue this kind of framework will have an impact on prices. This may be true but is not necessarily carved in stone: in many industries labour costs are just a fraction of the total production cost, meaning the absolute impact on cost may be limited. Secondly, a company can also chose to open up its pockets and reduce its profit margins. Societal value over financial profit. There are some strong supporters of the idea of reducing limited liability. How about Adam Smith, the founder of modern day capitalism? If one would want to reset the position economy holds in our societies from a goal to a means, limiting limited liability may be a recipe to stimulate ethical business.

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There is another possibility if you want to start a value-driven business. Use our Happonomy Value Canvas and build your company on the values you cherish the most. Go check it out!" ["post_title"]=> string(26) "Limiting Limited Liability" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(26) "limiting-limited-liability" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2019-07-17 09:45:45" ["post_modified_gmt"]=> string(19) "2019-07-17 09:45:45" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(63) "https://www.happonomy.org/creativity/limiting-limited-liability/" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [2]=> object(WP_Post)#14323 (24) { ["ID"]=> int(940) ["post_author"]=> string(2) "36" ["post_date"]=> string(19) "2015-02-26 00:00:00" ["post_date_gmt"]=> string(19) "2015-02-26 00:00:00" ["post_content"]=> string(3494) "Sharing is not a new concept; it has always existed, be it that we needed a cup of sugar from our neighbour or to borrow their grass cutter or we asked a colleague to drop us at the airport with his car or we arranged to sleep at a friend’s place when we were travelling somewhere… all these exist for as long as communities exist. And sharing never seemed to have been a problem before!

How views on sharing have changed

However, these days, as I am sure most of you heard, “sharing” has become a seriously debated issue by governmental and non-governmental organisations, journalists, institutions and business owners. So what makes the difference between then and now? I would say that there are two elements that changed the game:

The first is technology – the huge increase of peoples’ accessibility to technological and communication media has led to “sharers” reaching out far easier to “sharees”.

The second, sadly enough, is money – namely the fact that sharing has never been a business before; sharing did not seem to bother anyone until there was a third party that actually made money or lost money from the fact that other people were sharing.

Sharing and happiness

The very complicated issue of whether “the sharing economy” is a bad thing or a good thing is something that is very personal, but either way, it looks like it is here to stay! There are many stories out there, many arguments, many negative and positive experiences explained and many key concepts under discussion both on the pro- and on the contra-side. The Sharing Economy One thing is certain. A society where everyone is happy must be a society where people are entitled to share. As we know from good old Mr. Maslow, the need to give back is right there on the top tightly linked with the feeling of personal accomplishment. Now it will be up to the great political and economic minds of the countries to create an administrative framework where this can function properly . References :

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Together, we can create an economy that stimulates sharing! We call it the Sustainable Money System. Check it out and spread the word! Because teamwork makes the Happonomy-dream work!" ["post_title"]=> string(48) "Start Caring about Sharing - The Sharing Economy" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(19) "the-sharing-economy" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2019-07-16 10:21:59" ["post_modified_gmt"]=> string(19) "2019-07-16 10:21:59" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(56) "https://www.happonomy.org/creativity/the-sharing-economy/" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } } ["post_count"]=> int(3) ["current_post"]=> int(-1) ["before_loop"]=> bool(true) ["in_the_loop"]=> bool(false) ["post"]=> object(WP_Post)#14289 (24) { ["ID"]=> int(2041) ["post_author"]=> string(2) "81" ["post_date"]=> string(19) "2019-05-29 13:12:55" ["post_date_gmt"]=> string(19) "2019-05-29 13:12:55" ["post_content"]=> string(4052) "Leadership can be very rewarding for those that inspire to help others. It can, however, result in negative behaviour if those in a position of authority, struggle to manage their influence and advantage over others. If this is not managed correctly, corrupt conduct can easily lead to the forefront of operations, ending in destructive consequences for all involved. Using Power For The Greater Good Or Personal Gain? Being aware of both the advantages and disadvantages of being in a leadership position can help to avoid adverse control. It is simple to see how holding such status can be used to positive advantage, particularly in the world of business and change. A leader can easily use their status to influence change and benefit others, but they can also use it for personal gain. This can result in fraudulence, nepotism, or other criminal actions. Some individuals may get caught up in a web of immoral or deviant practice, ultimately resulting in criminal activity. Issues can start to arise when personalised power becomes the focal point in decision making and public relations. It is important to recognise that not all cases of corrupt behaviour are intentional. Often, those involved can find themselves in a state of delusion, believing their behaviours are justified for the greater good. Others can have a different approach and behave in an unethical manner, with the belief that their power is exempt from consequence. Being in a position of control and influence can lead to egotistical thinking. Those that develop this mindset may lose key ethical traits that are a fundamental part of using influence to help others. This means that compassion and the perspectives of others may become disregarded. Corrupt conduct can tarnish the reputation of a business or organisation and cause irreparable damage. In addition to this, such behaviour can go against business objectives and cause damage in other areas. For an organisation set up to help disadvantaged members of society, such damage can have an effect on those relying on their services. Solutions To Avoid Or Eradicate Corruption Compassion is at the core of the solution to avoid or extinguish corruption. Without it, leaders can quickly lose touch with reality and end up living in an unrealistic and egocentric world. Compassion must come from the top down. This means that leaders must instil compassionate and ethical values into those that rely on their leadership. Striving to have a more personal connection with those that they lead can help to identify a range of perspectives. This is essential when leading a business or organisation that wishes to bring about positive societal change. Dealing with corruption can be a difficult process. It is often simpler to avoid an encompassing approach and break down the issue as a whole into more manageable areas. This means that over time, the overall issue will cease to exist, resulting in an ethical and compassionate organisation, managed by leaders to be proud of.

Want more?

Are you an entrepreneur or a business leader who wants to be a force for good? Reach out to explore whether our solutions can help you to move the needle." ["post_title"]=> string(24) "Can Corruption be Cured?" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(23) "can-corruption-be-cured" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2019-07-17 08:24:57" ["post_modified_gmt"]=> string(19) "2019-07-17 08:24:57" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(33) "https://www.happonomy.org/?p=2041" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "1" ["filter"]=> string(3) "raw" } ["comment_count"]=> int(0) ["current_comment"]=> int(-1) ["found_posts"]=> int(3) ["max_num_pages"]=> int(1) ["max_num_comment_pages"]=> int(0) ["is_single"]=> bool(false) ["is_preview"]=> bool(false) ["is_page"]=> bool(false) ["is_archive"]=> bool(true) ["is_date"]=> bool(false) ["is_year"]=> bool(false) ["is_month"]=> bool(false) ["is_day"]=> bool(false) ["is_time"]=> bool(false) ["is_author"]=> bool(false) ["is_category"]=> bool(false) ["is_tag"]=> bool(true) ["is_tax"]=> bool(false) ["is_search"]=> bool(false) ["is_feed"]=> bool(false) ["is_comment_feed"]=> bool(false) ["is_trackback"]=> bool(false) ["is_home"]=> bool(false) ["is_privacy_policy"]=> bool(false) ["is_404"]=> bool(false) ["is_embed"]=> bool(false) ["is_paged"]=> bool(false) ["is_admin"]=> bool(false) ["is_attachment"]=> bool(false) ["is_singular"]=> bool(false) ["is_robots"]=> bool(false) ["is_favicon"]=> bool(false) ["is_posts_page"]=> bool(false) ["is_post_type_archive"]=> bool(false) ["query_vars_hash":"WP_Query":private]=> string(32) "8008b4424c8b15ef026208d3faf3a1e7" ["query_vars_changed":"WP_Query":private]=> bool(true) ["thumbnails_cached"]=> bool(false) ["allow_query_attachment_by_filename":protected]=> bool(false) ["stopwords":"WP_Query":private]=> NULL ["compat_fields":"WP_Query":private]=> array(2) { [0]=> string(15) "query_vars_hash" [1]=> string(18) "query_vars_changed" } ["compat_methods":"WP_Query":private]=> array(2) { [0]=> string(16) "init_query_flags" [1]=> string(15) "parse_tax_query" } ["tribe_is_event"]=> bool(false) ["tribe_is_multi_posttype"]=> bool(false) ["tribe_is_event_category"]=> bool(false) ["tribe_is_event_venue"]=> bool(false) ["tribe_is_event_organizer"]=> bool(false) ["tribe_is_event_query"]=> bool(false) ["tribe_is_past"]=> bool(false) ["tribe_controller"]=> object(Tribe\Events\Views\V2\Query\Event_Query_Controller)#13262 (1) { ["filtering_query":"Tribe\Events\Views\V2\Query\Event_Query_Controller":private]=> *RECURSION* } } string(10) "have posts"
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