Charles Handy thought for the day on morality in business organizations and life. Handy begins the article describing how he took a group of clergy to Lloyd's of London and how they described to the Chairman of Lloyd's that personnel there tend to have multiple loyalties and serve multiple principles. Handy concludes that Lloyd's demonstrates how unprincipled people can thrive in a system based mainly on principle. He then argues that those who operate with two sets of principles are moral schizophrenics and that they indicate a recipe for the breakdown of both the individual and the organization. Handy concludes his analysis stating that the most efficient organizations are the most principled ones and based on trust.
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