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And the first question for a leader is: "Who do we intend to be?" not What are we going to do?
Ted Malloch
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Perhaps the most eloquent of the hard virtues is courage, the disposition to encounter adversity head-on and strive to overcome it.
Ted Malloch
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Profit doesn't appear as the goal but as a side effect of pursuing motivating principles.
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There's such a thing as spiritual capital that has economic function and potential.
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Capitalism is about the mutual creation of wealth rather than the pillaging of it.
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Taking faith seriously leads to the utility of altruistic behavior.
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Leadership, in other words, is a matter of character, not goals.
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Courage… is not a selfish attribute: it is only possible if you are pursuing a wider and more worthy goal.
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In the new conditions created by the global economy, the information revolution and the growth of smart technologies, it is more necessary than ever for all companies to be guided by their rich spiritual inheritance, as spiritual enterprises.
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One runs a business ultimately to do well so you can do good for everyone.
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Profitability is the consequence of doing business in the right way, to honor God.
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Success comes because you have found your ecological niche and can flourish by doing your own valuable thing.
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When people freely identify with their work and find themselves through it, excellence follows.
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The laws of economic life are subject to the eternal laws of spiritual capital.
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Caring for God's endowment in a thrifty fashion is a form of biblical obedience.
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Three cardinal virtues of business: creativity, building community, practical realism.
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Spiritual entrepreneurship is the unsung route to growth in the modern economy.
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The moral sentiments that constrain economic life also promote it.
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The business virtue par excellence is honesty—without it markets can't long survive.
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An exercise of moral imagination helps companies further goals of its members.
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But we should see gratitude in the whole context of life, and ask ourselves that life is changed and empowered by it.
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Attempts to secure an equal outcome always require unequal treatment of individuals.
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When all benefits are promised by the state, nobody need feel grateful for them.
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Discipline is the virtue that begins in obedience and flowers in self-control.
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Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments, in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the impartial spectator which is forced on us by our moral nature.
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Myth: There's conflict between selfish free markets and a benevolent world of human sympathy.
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The free economy is not the enemy but the friend of social capital.
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The humble person who confesses his faults and duly atones for them is the one best equipped to manage defeat, accept his own losses, and to overcome the setbacks that are the routine cost of doing business.
Ted Malloch
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Ted Malloch
Born:
September 22, 1952
(age 72)
Bio:
Theodore Roosevelt Malloch is Chairman and Chief Executive Officer of Global Fiduciary Governance, LLC, a strategy and thought leadership company and served as Chairman and CEO of The Roosevelt Group.
Known for:
America's Spiritual Capital (2012)
Being Generous (2006)
Most used words:
business
spiritual
moral
life
economy
economic
capital
Ted Malloch on Wikipedia
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