WHY HONESTY PAYS IN BUSINESS - Conversation with Ron Carucci, Company Culture Series, Episode 5

Alloutcoach

This is a truly rare opportunity to learn from one of the leading analytical minds of our time who researches and helps transform global businesses through organizational change, Ron Carucci. He is the managing partner of Navalent, a boutique management consulting company, best-selling author, multiple TEDx speaker, and regular Forbes and Harvard Business Review contributor who discusses the lessons he has learned over the past 15 years from thousands of interviews with top global executives and organizations which he has published in his latest book "To Be Honest". Ron and I discuss case studies and intricate details regarding the latest statistics he has gathered to suggest why it pays to be honest in business today. Here are the highlights of the discussion and timeline. Enjoy the episode and share it with your friends and colleagues! Highlights: 2:24 - Why Ron specialized in organizational transformation as a career 3:53 - What inspired Ron to write "To Be Honest" 5:46 - How Ron conducted his research and analysis of thousands of global organizations and executives over a 15 year period 7:18 - The 4 factors that predict whether or not employees will be honest at work 7:53 - Factor #1. Clarity and Identity - Be Who You Are and how this manifests in organizations 8:44 - Factor #2. Accountability 9:45 - Factor #3. Decision-making 10:36 - Factor #4. Cross-functional Collaboration. 14:53 - The outcomes of being more honest in business from his research 19:00 - How can we hire based on Ron's research 24:30 - Does culture and honesty scatter at times of success or failure? 25:52 - Do we use the right metrics to measure our own accountability in business? 30:03 - How honest are we in business meetings, and what impact does meeting facilitation have? 32:09 - Case study of lack of cross-functional collaboration and an unfortunate indictment 34:10 - Case Studies of Dishonesty with grave consequences (Patagonia & DuPont) 37:32 - Thoughts on whether agility training can overcome barriers to dishonesty in business