The Value of Values
September 27, 2011 8:12 pmCan the core values of a company create economic value? Would you believe they can create 15x the returns that your stock portfolio is giving you? People often assume that sticking to your values can cost you, at least in the short term. For instance, have you ever been in a negotiation where the other party finally stops the arbitration with a statement similar to “I value our relationship…so..”? That person is implying that they value their relationship with you more than a few extra dollars on the price. Therefore, there is a short term loss of income related to valuing the relationship more than an increased selling price. The seller’s assumption is that the relationship will in the long term generate much higher profits than the short term gain from a higher asking price. But is that true?... View Article