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FOLLOWING
Like Enron, Groupon Is Firing The Worst 10 Percent of Its Sales Staff
Daily deals site Groupon is replacing the worst 10 percent of its sales staff as it pushes to win stronger deals from merchants and ensure it can keep growing, the company’s chief executive told potential IPO investors on Wednesday.
Andrew Mason is fostering a culture of corruption at Groupon. The pressure is on. The bottom 10 percent of employees will be fired. This is as cut-throat as it gets. Employees must be willing to do whatever it takes to get on top. Some will even cheat.
Enron perfected this model. Each year Enron’s management would hold employee reviews, where managers would fire the worst 10 percent of their employees. This led many employees to do things that they otherwise would not have. Some broke the law, others misrepresented their trades. Eventually Enron imploded. The company’s President and CEO, Jeff Skilling, along with its CFO, Anthony Fastow, were sent to jail for committing fraud.
A company’s culture is set by its management. I am not a fan of what Andrew Mason has chosen to do. This is business ethics 101. It is not smart to breed an overly competitive corporate culture.
Corporations are composed of cultures. Take a good close look at your culture. What are the norms of behavior? What is valued? Are employees rewarded for succeeding at any cost or are they urged to be shepherds of the corporation’s reputation as well as its assets? What pressures do they face to commit misconduct? What systemic problems exist that could encourage good people to make bad decisions?
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lighthouseaccident reblogged this from seymourbuhts
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seymourbuhts reblogged this from andre3k1 and added:
Lol, wow. Here we go again.
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seymourbuhts liked this
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mnlst reblogged this from andre3k1 and added:
firing their worst...beautiful crash. Yeah, I know how that sounded.
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This was featured in #Tech
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andre3k1 posted this
