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Topic for Discussion: How does Boardroom
produce at nearly five times the rate of the typical Fortune 500?
Answer: Marty attributes the success mainly
to their "I-Power" techniques. Every week he simply asks the employees to come
up with two suggestions for making his/her own department's work more
productive -- ideas that will enhance the whole company.
Topic for Discussion: Why does this simple
activity have such a great impact on the business?
Answer: In general, the single largest budget item in a business is people.
This may not be the case in some types of manufacturing concerns because the
cost of materials could exceed the cost of employees. However, the true cost of
paying people is much more complicated to calculate than is the cost of any
other item in a business budget. Why? Because people are paid, often whether
they produce a result or not. Measuring the results of work is difficult
especially in a business like publishing. Marty has created an environment
where people contribute more of themselves than people do in other workplaces.
It may be as simple as: when people feel good they do good. Marty treats people
with respect and rewards efforts. Because he expects people to contribute
suggestions, they do. These suggestions then turn the organization into a more
efficient place. You saw Marty sing to an employee and present an anniversary
gift, then you heard the employee say, "This is the best place I have ever
worked."
Topic for Discussion: Why don't more bosses and business owners use these
same techniques?
Answer: Marty believes in human potential and he believes his number one
job is helping others learn and grow. Most people don't really believe this,
or, they think people ought to take care of themselves and not depend on a boss
to build them up. Marty knows that most of us grow up with tremendous
negativity. School teachers and parents spend too much time critiquing us
rather than praising us. So, by the time we get into the workforce, we are
insecure and have low self-esteem. Marty recognizes this and works to convince
his employees that they truly are talented and together this group of
exceptional people can do anything. Another reason more bosses and business
owners don't use these techniques is that they are insecure and have low
self-esteem themselves. Or, these bosses and business owners are selfish and
too self absorbed to focus their energy on others.
You think about
it: Could "I-Power" work for your organization? Do you really believe in
the people who work for you? If not, why are you paying them?
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