Do you consider MBM to be equally applicable in guiding personal decisions? As a soon-to-be new parent, I’ve begun thinking about the principles I want to pass down to my son. Can you share any parental advice, and specifically how you incorporated MBM principles into your personal life?
Since kids can spot hypocrisy a mile away, I believe the first rule of parenting is to make your behavior consistent with your words. To me, the primary obligation of parents is to provide their children with the values and understanding that give them the best chance of happiness and fulfillment. This requires that they have a purpose – something to live for. Helping children internalize our Guiding Principles – including integrity, humility, respect and value creation – is a good place to start. I’m convinced parents should also encourage their children to develop a career in something they are not only good at, but passionate about.
How is Good Profit different from The Science of Success?
That’s a very good question and I’m glad you asked. Although both books cover the same subject (MBM), they are very different. Good Profit is more current and more than twice as long as The Science of Success, so it has much greater depth and detail, as well as more recent examples. There’s also a difference in the audience I had in mind. The Science of Success started as an employee handbook while Good Profit is written for a general audience. By all accounts, Good Profit is much more readable and it’s also more personal, with a great deal of family history. In addition, it provides much more guidance on how to apply MBM.