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committed to “open access to information and communica-
tion on a global basis.” The company was also committed to
“providing individuals with easy access to information and
opportunities to openly communicate and exchange views
and opinions.” Another of its values was recognizing that
“each country enacts its own laws in accordance with its own
local norms and mores, and we must comply with applicable
laws.”
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Most companies around the world have a similar
range of fundamental commitments, beliefs, and values.
Some are stated, some are implicit. All are typically import-
ant but, quite often, particularly in gray area cases, some of
these values and commitments contradict others.
The third practical challenge is that basic values, like those
in Yahoo!’s statement of its beliefs, are typically expressed
in vague, abstract terms. What, for example, do integrity or
quality really mean? As a result, managers have to fill in the
expansive blanks and decide what these broad, aspirational
terms actually mean in particular situations. And, when
managers try to do this, they have no exemption from biased
thinking. You shouldn’t assume, even if you have spent years
working in an organization, that you know with certainty
what its defining commitments mean in a particular situation.
Aaron Feuerstein seems to have made that mistake, with his
sweeping, initial, instinctive decision to rebuild everything.
The title “manager” and its accompanying authority provide
no exemption from distorted thinking.
Even worse, working with others often doesn’t necessarily
solve this problem, and the reason is groupthink. The orga-
nizational version of this problem, which we can observe
almost every day, is relatively benign. We see the full danger
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