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May 4th 2006

The Five Most Common Lies in Business

What are the five most common lies in business?

Paul LaFontaine lays out what he thinks are the five most common in a Fast Company article.

My two favorites:

Lie: “People are our most important asset.”

Truth: “People are our most worrisome and unpredictable asset. Our most important assets are really our financial assets.”

B.S. Detector: This may be the leading lie of our times. “When management starts talking about how important people are,” LaFontaine says, “you can bet there is going to be an unpopular human resources decision coming soon.”

and

Lie: “We judge people by their performance.”

Truth: “I judge your performance based on how much I like you.”

B.S. Detector: “Why do most people who keep their jobs keep them?” LaFontaine asks. “Because the people they work for like them. And you get fired when the people you work for don’t like you anymore.

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