Meritocracy 9 results

A Good Look = Money and Success

In our society, attractiveness has become a measure of our professional success. Businessmen are now increasingly paying more attention to their skin care and to their look. The cosmetic sector confirms this new trend with innovative beauty solutions.

Training Video Comes of Age

The global economic slowdown has encouraged companies to use the latest technologies for corporate training, rather than the traditional long-haul conference. Excessive travel and accommodation spending have dried up, but the need for training has not, and technology-driven teaching methods have flowed into the vacuum, offering cost-effective flexibility.

Communism for the Rich

12 months ago, the banking system was on the verge of imploding. Only an injection of $9 trillion of cash and governmental guarantees saved the world from financial collapse. Bonus in Latin means good, but the system of bonuses was held to be responsible for everything rotten in banking and, in return for being saved by their governments and taxpayers, banks were expected to herald in a new era of meritocracy. Of course people expect to be paid fairly for their efforts and there is no ...

Monitoring Family Business

What is the relevance of family businesses in today’s modern economy? Do certain cultures have higher proportionate shares of family businesses? To what extent are family businesses able to welcome managers from outside? These and other subjects have been the focus of the Family Business International Monitor. The Monitor was commissioned by the Family Business Network, comprising 2,700 family-owned business members spread over five continents. In 2007, the network undertook a survey of ...

A Family Thing

To what extent has meritocracy taken root within family businesses? How is economic crises and competition making meritocracy essential to family-owned firms at all levels? We interview Guido Corbetta, Full Professor of Strategic Management and Aidaf-Alberto Falck Professor of Strategic Management in Family Business, at Milan’s Luigi Bocconi University. cm Meritocracy and family business: what is the international trend? gc I think that across the globe, many family-owned businesses ...

Nepotism: A Blessing or Curse for Organizations?

Nepotism involves giving preference in the hiring process to family members of those who are employed by the organization. Although nepotism can occur in any organization, it is most commonly seen in family-owned businesses where children or relatives of the owners are often hired into key positions.

Fast Track to a Wrong Hire!

Word to the Expert  “Nepotism” is defined as “the act of offering special advantages and privileges to friends and relatives, using your personal influence in an abusive manner.” “Meritocracy” is defined as “1. A system in which talented persons are chosen to be promoted based on their good work results; 2. A management team chosen to have this function using intellectual criteria.” For many years the hiring process in Romania had a simple critical criterion: you had to be ...

Corruption Commons

Transparency is a key word in the battle against corruption and all forms of favoritism, a way of acting which damages the whole of society is still widespread in western European countries and elsewhere.

Welcome Fido!

Transparency is a key word in the battle against corruption and all forms of favoritism, a way of acting which damages the whole of society is still widespread in western European countries and elsewhere.