From Values to Action The Four Principles of Values-Based Leadership

ISBN-10: 0470881259

ISBN-13: 9780470881255

Edition: 2011

Authors: Harry M. Kraemer

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Over the last year, Americans' confidence in business leaders has plummeted amidst continuing corporate scandals, betrayal of public trust, and violations of fiduciary responsibility. In this book, Harry Kraemer Jr. makes the case that in today's economic and political climate and as the global economy becomes even more competitive, organizations will turn to values-based leaders who, in "doing the right thing," deliver outstanding and lasting results.Kraemer knows about delivering results: During his own leadership tenure at Baxter, first as CFO and then as CEO and Chairman, the company experienced meteoric growth, hitting its earnings growth target each quarter, even as it nearly doubled its profit goal to a growth rate of 15 percent. Its gross margin hit a record 44.8 percent and market capitalization increased more than tenfold to $35.7 billion over eight and a half years. And Kraemer also knows about doing the right thing: When in 2001 fifty-three people died following kidney dialysis using Baxter blood filters, Kraemer was hailed for his response to the crisis. Kraemer told the truth, took responsibility for the incident and publicly apologize, quickly recalled the filters at a huge financial loss and then did what few leaders ever do--he recommended to the board that his bonus be reduced by 40%. How he handled the crisis had a lasting effect on Baxter's relationship with doctors and patients, employees, and shareholders.In this highly-anticipated book, Kraemer argues that the journey to becoming a values-based leader starts with self-reflection. He asks, "If you are not self-reflective, how can you know yourself? If you do not know yourself, how can you lead yourself? If you cannot lead yourself, how can you lead others?" Kraemer identifies self-reflection as the first of four principles that guide leaders to make choices that honor their values and candidly recounts how these principles helped him navigate some of the toughest leadership challenges including the blood filter crisis and even more personally, his surprising exit from Baxter after the board complained of failing short-term results.Drawing from first-hand experience, Kraemer offers readers a framework to adopt self-reflection and the three other principles of values-based leaders. It then explains how executives can apply this values-based leadership to lead their organizations effectively and make them "leaders" and beacons of lasting value in the world. Written in a lively and engaging style, Kraemer's book comes at a critical time when true leadership in every facet of society is desperately needed.
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Book details

List price: $22.99
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 5/10/2011
Binding: Hardcover
Pages: 224
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 0.880
Language: English

Introduction: Doing the Right Thing
The Four Principles
Balance and Perspective
True Self-Confidence
Genuine Humility
The Essential Elements of a Values-Based Organization
Leading with Values
Talent Management and Leadership Development
Setting a Clear Direction
Effective Communication
Motivation and Team Engagement
Execution and Implementation: Making it Happen
Leading Your Organization from Success to Significance
The Courage to Lead Through Change, Controversy, and Crisis
Socially Responsible Leadership
About the Author
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