{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,12]],"date-time":"2026-08-12T11:31:04Z","timestamp":1786534264126,"version":"build-2736575974"},"posted":{"date-parts":[[2011]]},"group-title":"SSRN","reference-count":0,"publisher":"Elsevier BV","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>We argue here that the three factors we identify as constituting the foundation for being a leader and the effective exercise of leadership can also be seen as the foundations not only for great leadership, but also for a high quality personal life and an extraordinary organization. One can see this as a \u201cvalue free\u201d approach to values because, 1) integrity  as we define it (being whole and complete) is a purely positive proposition, 2) authenticity is also a purely positive proposition (being and acting consistent with who you hold yourself out to be for others and who you hold yourself to be for yourself), and 3) being committed to something bigger than oneself is also a purely positive proposition (that says nothing about what that commitment should be other than it be bigger than oneself). \n\nFor an application of these principles to the Goldman Sach\u2019s experience with the Abacus Mortgage Backed Securities Scandal see the appendix to the following talk:  &lt;a href='http:\/\/ssrn.com\/abstract=1640302'&gt;http:\/\/ssrn.com\/abstract=1640302&lt;\/a&gt;.\n\nGiven as the Commencement address by Michael C. Jensen at the McDonough School of Business, Georgetown University Commencement Ceremonies, May 21, 2011. Video of the ceremonies is available at &lt;a href=http:\/\/papers.ssrn.com\/sol3\/papers_video.cfm?abstract_id=1986834&gt;Video: The Three Foundations of a Great Life, Great Leadership, and a Great Organization&lt;\/a&gt;.\n\n&lt;i&gt;If video player is not visible, &lt;a href=http:\/\/papers.ssrn.com\/sol3\/papers_video.cfm?abstract_id=1986834&gt;click here&lt;\/a&gt;&lt;\/i&gt;.\n\nBackground: This address is based on our leadership research program (conducted with Steve Zaffron and Kari Granger over the last eight years). That research is designed to discover what it actually takes to create leaders \u2013 that is, to leave participants at the end of the course being leaders and effectively exercising leadership as their natural self expression. \n\nAccess to the full Slide-Deck Textbook and course materials (933 pages) for the Leadership Course at the Geisel School of Medicine at Dartmouth College, 20 \u2013 27 June, 2012 is available at: &lt;a href='http:\/\/ssrn.com\/abstract=1263835'&gt;http:\/\/ssrn.com\/abstract=1263835&lt;\/a&gt;.<\/jats:p>","DOI":"10.2139\/ssrn.1850544","type":"posted-content","created":{"date-parts":[[2012,1,5]],"date-time":"2012-01-05T11:24:24Z","timestamp":1325762664000},"source":"Crossref","is-referenced-by-count":0,"title":["Video: The Three Foundations of A Great Life, Great Leadership, and A Great Organization"],"prefix":"10.2139","author":[{"ORCID":"https:\/\/orcid.org\/0009-0002-2046-4999","authenticated-orcid":true,"given":"Werner","family":"Erhard","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Michael C.","family":"Jensen (Deceased)","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","container-title":[],"original-title":[],"deposited":{"date-parts":[[2026,8,12]],"date-time":"2026-08-12T10:42:03Z","timestamp":1786531323000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.ssrn.com\/abstract=1850544"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2011]]},"references-count":0,"URL":"https:\/\/doi.org\/10.2139\/ssrn.1850544","relation":{},"subject":[],"published":{"date-parts":[[2011]]},"subtype":"preprint"}}