SATISFACTION
All companies have a corporate culture, even if no one is aware of it. Corporate
culture is nothing more than "the way we do things around here." The only
question is: Will management shape a culture that insures the company's success,
or leave things to chance?
Training a staff of adaptive, energetic, motivated employees to make
informed, coordinated decisions in "real time" has become the essential
task of management.
"It took us a while to understand we actually owned part
of the company ourselves. But that part gets more exciting
every year, especially for longer-term employees.
-- Pat Napolitano, Quality Control Supervisor,
Reflexite10
"So what's the limiting factor?--The answer, I
realized some years ago, is people. We are the
limiting factor on this company. "
--Cecil Ursprung, Reflexite11
Learning how to exercise leadership in this environment is a challenge.
Conventional topdown command and control leadership styles may bring compliance,
but they have lost the ability to inspire loyalty and enthusiasm. And without
that spark of extra energy, the company forsakes a vital competitive advantage.
For managers, too, working in an environment without that spark of reciprocal
energy is draining. The satisfaction that comes from coaching a winning team
does not need to be confined to the playing field. While hierarchy will always
be part of business life, companies which develop a participative culture
often achieve a level of shared enthusiasm that equals the financial benefits
of the program in its contribution to all the people who spend their working
lives at the company. Working together can actually be fun.
Conventional managers treat labor as a cost to be minimized. Yet, actually,
a company's work force is an asset to be developed, an asset with
extremely high profit potential.
Many shareholders implicitly act as if they fear that the growth potential
of their company is limited. Apparently, they regard their business as a
zero sum game. They seem to feel that sharing ownership with others, even
with the very employees they depend on to expand the success of the business,
will reduce the value of their own ownership, This attitude itself may be
the greatest limiting factor in the growth of such companies. In their anxiety
not to kill the goose that lays the golden eggs, they starve it--not to death,
perhaps, but into enfeeblement. Why, after all, should an employee strive
to grow the company for the sake of the shareholders' future wealth?
Employee indifference to profitability is potentially more damaging than
outright hostility. Apathy and cynicism are much harder to identify
and correct.
In today's economy, no company can afford to neglect its most valuable resource:
the talent of its employees. The PRO-Productivity System (tm) provides
a step-by-step approach for any company to act on the most obvious lesson
of the entire American economic experience:
People work best when they work for themselves.
In the end, there is no substitute for the internalized motivation based
on shared stock ownership. Self-interest does not need to be taught.
A great deal of systematic effort, on the other hand, is required to assure
that employees--who have often had little financial education and even less
information about the inner workings of their company--come to recognize
their own long term self-interest in sharing ownership of a flourishing
enterprise.
A well-planned, systematic approach to employee education and the development
of an ownership culture is indispensable to success. By designing and effectively
implementing an employee ownership system, existing shareholders can tap
into a natural reservoir of employee energy, ingenuity and commitment that
few leaders could hope to stimulate by pep talks, picnics and quality circles
alone. For many managers, the satisfaction they gain from creating a work
environment that respects and expands the potential of each employee is reason
enough to adopt the PRO-Productivity System (tm).
Back to the Index
Next Section: Succession
HOME | ABOUT ESOPs | OUR SERVICES | OUR FIRMTOMBSTONES | CONTACT US |