||Issue No. 238||17 September 2004|
Interview: True Matilda
Politics: State of Play
Industrial: Capital Dilemmas
Unions: Rhodes Scholars
National Focus: Rennovating the Lodge
International: People Power
Economics: A Bit Rich
History: Mine Shafts
Safety: Sick Of Fighting
Organising: Building a Wave
Poetry: Anger In The Bush(es)
Review: The Battle Of Algiers
Culture: The Word On The Street
The Locker Room
Invest In Dignity!
Letters to the Editor
Invest In Dignity!
I refer to your editorial on 'Bully Busting' in edition 237 of Workers Online. As you are aware, I am a victim of psychological bullying myself, but I was also an business analyst in my previous life as well.
Well done! for someone who told me 'that nobody had really got their heads around this issue', the last time we met - you have certainly hit the nail on the head from where I sit.
Your editorial also prompted me to further analyse the issue of 'bullying' and it's impact on individual workers, organisational performance, and the Australian economy in general.
Given the fact that I have witnessed first hand the impact 'bullying cultures' have on organisational performance 'over time', has allowed me to rise above my own personal circumstances, and view this issue from a broader economic perspective.
Here is an interesting hypothetical that most people could relate to:
Bully Busting and The Intelligent Investor
Say for example, the Government was to give every person over the age of 18
$1,000 to invest in a business of their choice. The investment period, would be say, over the next 5 years (lets look long term!) and once that decision was made to invest in that business, there would be no going back
(speculative day trading is not an option).
Now the deal is, at the end of 5 years, those who have made a overall profit from their original investment would get to keep the principal and profits made over that period.
Those who have had overall losses have to return the initial principal (if there is any left) back to the government.
To add further to the stakes - those who make profits get to invest again - and those who make losses are out of the game completely.
This would prompt people to really look long and hard at the type of business (and culture) they were intending to invest in.
Everyone is given a list of companies to choose to invest their money. All things being equal, they (at present) all enjoy a significant market share in their relative industries and have all posted profits in the last 12 month.
However, there are some key differences that are not evident by looking at their current financial position, and they are:
1. Some have consumer goodwill, while others are in decline.
2. Some have good morale among workers, while others are experiencing low worker moral.
Now, you have to invest in one of these businesses without delay, which ones would you consider, and which ones would you completely avoid?
When you look at it from this perspective - it becomes obvious, the potential long-term damage 'bullying cultures can have on the economic performance of a business.
It is a hypothetical, however, yet it is these very qualities an 'intelligent investor' would carefully assess prior to investing his or her hard earned money.
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