Easy Quote by Rosabeth Moss Kanter
“During the Boom Years, it was so easy to lose sight of basic values. For example, there was lots of nonsense said and written about the so-called "New Economy." Some people said all economic laws have been overturned! Then all the problems developed. Corporations were heavily fined for illegalities. Many of their senior-level executives were indicted, convicted, and sent to prison.”
About This Quote
Source Book: The Change Masters, 1983
During economic booms, core values are ignored, leading to reckless behavior and legal consequences for corporations.
In simple terms: Booms cause people to forget basic principles, resulting in corporate misconduct.
Key Takeaway
Maintain core values even in times of rapid growth.
Themes
ethics
corporate governance
boom mentality
legal risk
Mood
cautious
reflective
Type
strategic
warning
When to use this quote
- strategic planning
- risk management
- board oversight
- employee training
Key Concepts
value erosion
short‑term thinking
regulation
leadership
Questions to Reflect On
- What values should survive any boom?
- How can leaders enforce ethics during growth?
A Different Perspective
People may prioritize profit over ethics; change is hard.
