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  • 2009
  • Working Paper

Integrity: Without It Nothing Works

By: Michael C. Jensen
There is confusion between integrity, morality and ethics. In our much longer paper on the topic (see "Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality" (available at http://ssrn.com/abstract=920625)) my co-authors,... View Details
Keywords: Trust; Moral Sensibility; Legal Liability; Behavior
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  • 04 Oct 2007
  • What Do You Think?

Has Managerial Capitalism Peaked?

the upper hand? Has managerial capitalism and the power of the executive peaked? What do you think? To Read More: John C. Bogle, The Battle for the Soul of Capitalism (New Haven: Yale University Press, 2005). View Details
Keywords: by Jim Heskett
  • 03 Aug 2010
  • First Look

First Look: August 3

on a standard set of demand-side product features. Download the paper: http://www.hbs.edu/research/pdf/11-007.pdf A New Paradigm of Individual, Group and Organizational Performance Authors:Werner Erhard, View Details
Keywords: Martha Lagace
  • 2012
  • Working Paper

Putting Integrity into Finance: A Purely Positive Approach

By: Werner Erhard and Michael C. Jensen
We summarize our new positive theory of integrity that has no normative content, and argue that there are large gains from putting integrity into finance—into both the theory and practice of finance. We define integrity as being whole and complete and unbroken. We... View Details
Keywords: Finance; Ethics; Theory; Practice; Change
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  • 28 Feb 2012
  • First Look

First Look: Feb. 28

positions. Creating Leaders: An Ontological/Phenomenological Model Authors:Michael C. Jensen, Werner Erhard, and Kari L. Granger Publication:Chap. 16 in The Handbook for... View Details
Keywords: Sean Silverthorne
  • 2010
  • Working Paper

Being a Leader and the Effective Exercise of Leadership: An Ontological Model (PDF File of PowerPoint Slides)

By: Werner Erhard, Michael C. Jensen and Kari Granger

This presentation is based on our research program over the last seven years in which our objective has been to rigorously distinguish leader and leadership and to create a technology for providing access to being a leader and exercising leadership effectively (in... View Details

Keywords: Curriculum and Courses; Innovation and Invention; Leadership Development; Goals and Objectives; Research and Development; Attitudes; Perception; Technology; United States
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  • 2010
  • Working Paper

Integrity: A Positive Model That Incorporates the Normative Phenomena of Morality, Ethics, and Legality Abridged

By: Werner H. Erhard, Michael C. Jensen and Steve Zaffron
We present a positive model of integrity that, as we distinguish and define integrity, provides powerful access to increased performance for individuals, groups, organizations, and societies. Our model reveals the causal link between integrity and increased... View Details
Keywords: Trust; Performance Productivity; Information Technology; Knowledge; Moral Sensibility; Opportunities; Competitive Advantage; Legal Liability; Cost vs Benefits
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  • 21 Jun 2011
  • First Look

First Look: June 21

multicultural global contexts. Download the paper: http://www.hbs.edu/research/pdf/11-127.pdf The Three Foundations of a Great Life, Great Leadership, and a Great Organization Authors: Michael C. View Details
Keywords: Sean Silverthorne
  • 17 Apr 2012
  • First Look

First Look: April 17

thus leading to capital market benefits by reducing insiders' ability to exploit private information. Download the paper: http://www.hbs.edu/research/pdf/11-109.pdf Putting Integrity into Finance: A Purely Positive Approach Authors:Werner... View Details
Keywords: Carmen Nobel
  • 2012
  • Chapter

Creating Leaders: An Ontological/Phenomenological Model

By: Michael C. Jensen, Werner Erhard and Kari L. Granger
The sole objective of our ontological/phenomenological approach to creating leaders is to leave students actually being leaders and exercising leadership effectively as their natural self-expression. By "natural self-expression" we mean a way of being and acting in any... View Details
Keywords: Leadership Development; Attitudes; Behavior; Experience and Expertise; Knowledge Acquisition
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  • 26 Oct 2010
  • First Look

First Look: October 26, 2010

Leadership—An Ontological Model' Authors:Werner Erhard, Michael C. Jensen, Steve Zaffron, and Kari L. Granger Abstract This course is designed to leave students being leaders... View Details
Keywords: Sean Silverthorne
  • 2010
  • Working Paper

Creating Leaders: An Ontological Model

By: Werner Erhard, Michael C. Jensen and Kari L. Granger
The sole objective of our ontological approach to creating leaders is to leave students actually being leaders and exercising leadership effectively as their natural self-expression. By "natural self-expression" we mean a way of being and acting in any leadership... View Details
Keywords: Leadership Development; Goals and Objectives; Science; Attitudes; Perspective
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  • 2010
  • Working Paper

Beyond Agency Theory: The Hidden and Heretofore Inaccessible Power of Integrity (PDF file of Keynote Slides)

By: Michael C. Jensen and Werner Erhard

There is far too much concern today about the conflicts of interest between people; for example, conflicts of interest between agents and owners—historically a favorite topic of Jensen—and not enough attention paid to the damage caused by an individual's conflict of... View Details

Keywords: Moral Sensibility; Lawfulness; Production; Organizations; Performance Improvement; Agency Theory; Conflict of Interests; Trust; Competitive Advantage; Value Creation
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  • Web

Accounting & Management Awards & Honors - Faculty & Research

a 2015 AAA/Deloitte/J. Michael Cook Doctoral Consortium Fellow by the American Accounting Association. Ethan C. Rouen : Selected as a Finalist for the 2015 Columbia University... View Details
  • 2010
  • Working Paper

A New Paradigm of Individual, Group and Organizational Performance

By: Werner Erhard, Michael C. Jensen and The Barbados Group
"The committee is therefore unable to draw conclusions, based on scientific evidence, on what does or does not work to enhance organizational performance" —Committee on Techniques for the Enhancement of Human Performance of the U.S. National Research Council Commission... View Details
Keywords: Organizations; Performance Improvement; Research; Opportunities
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  • 05 Oct 2010
  • First Look

First Look: October 5, 2010

Right Way Authors:Todd Rogers and Michael I. Norton Abstract What happens when people try to "dodge" a question they would rather not answer by answering a different question? In four online... View Details
Keywords: Sean Silverthorne
  • 02 Mar 2010
  • First Look

First Look: March 2

http://www.hbs.edu/research/facpubs/workingpapers/papers0910.html#wp07-107 Beyond Agency Theory: The Hidden and Heretofore Inaccessible Power of Integrity Authors:Michael C. Jensen and View Details
Keywords: Martha Lagace
  • 2010
  • Working Paper

Just Say No to Wall Street: Putting A Stop to the Earnings Game

By: Joseph Fuller and Michael C. Jensen

Putting an end to the "earnings game" requires that CEOs reclaim the initiative by avoiding earnings guidance and managing expectations in such a way that their stocks trade reasonably close to their intrinsic value. In place of earnings forecasts, management should... View Details

Keywords: Stocks; Performance Expectations; Goals and Objectives; Risk and Uncertainty; Growth and Development Strategy; Decisions; Risk Management; Budgets and Budgeting; Earnings Management; Value; Projects
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  • 01 Feb 1999
  • News

Too Much of a Good Thing?

suggest to some that the impact of excess capacity as a factor in the world economy could increase in the coming decades. Michael C. Jensen, the Jesse Isidor Straus Professor of Business Administration, is a... View Details
Keywords: Garry Emmons
  • 02 Sep 2008
  • First Look

First Look: September 3, 2008

Exercise of Leadership, a New Model Authors:Werner Erhard, Michael C. Jensen, Steve Zaffron, Kari L. Granger Abstract This paper is the (pre-course) introduction document to an... View Details
Keywords: Sean Silverthorne