Company assets: employees top list

EDITOR'S NOTE: This column is the sixth in a series of columns based on the book, Future Capable Company: What Manufacturing Leaders Need To Do Today To Succeed Tomorrow, by Dr. Tompkins. These excerpts are provided through special arrangement with the publisher, Tompkins Press. Copyright © 2001 Tompkins Press.

08/08/2002


Future Capable Companies must view employees as their most important assets, because without their commitment, continuous improvement will not happen. Organizations must value intellectual capital and secure their growth by making sure all employees are satisfied, happy, and challenged.

"Employees are a company's most valuable asset." How often does that appear in company memos or framed prints in an organization's hallway? Although it may seem it's said so often that it has lost its value, in reality it's not said enough. It is a philosophy that tends to be lost among profit and loss margins, and it should not be.

When a company begins viewing its employees as assets, then that company can begin to maximize their participation in its operations and its successes. An effective means of maximizing their participation is to realize the value of their intellectual capital. Knowledge is such a prized commodity in today's marketplace that many workers are now being called "knowledge workers." Companies that use this capital to their advantage, while also making sure that their employees have been provided with the tools they need to grow and succeed, are Future Capable Companies.

Future Capable Companies view employees as their most important assets, knowing that without them, continuous improvement will not be achieved. Therefore, they invest in their employees.

Future Capable Leadership

Energetic, passionate, intense, and determined people characterize Future Capable Companies. Therefore, they need leaders who are even more energetic, passionate, intense, and determined than they are. They need Future Capable Leaders.

Future Capable Leaders have these qualities:

  • Integrity—Future Capable Leaders live and tell the truth, deal with people and situations in a straightforward, sincere fashion, and behave ethically.

  • Credibility—Future Capable Leaders are accountable, genuine, and open.

  • Enthusiasm—Future Capable Leaders show their excitement about the future, because such excitement is contagious.

  • Optimism—Future Capable Leaders are confident about what they are doing to focus on success.

  • Urgency—GO, GO, GO! Future Capable Leaders know that the only way to affect the future is to act now. They do not spend a great deal of time savoring their successes, because they are already focusing on the future.

  • Determination—Future Capable Leaders step forward to face doubts and uncertainties, to accept risk, to move forward, and to make real their understanding that there are no boundaries between their organizations and gaining competitive advantage.

    • Relying on these characteristics, Future Capable Leaders motivate others by the way they communicate, work, and treat others. Future Capable Leaders recognize the importance of effective communication, and they arm people with certainty and control through direct communication and sharing information. They seek out other Future Capable Leaders in their supply chain partnerships and share skills and knowledge. Future Capable Leaders motivate others by the way they work, because they adhere to personal work policies that result in working hard and smart. These policies are:

      • Make the right decision, adhering to the "three rights." The right decisions at the right time communicated to the right people.

      • Focus on process management, not time management, and prepare for interruptions. Interruptions can provide a much-needed picture of what may really be happening with a project or projects.

      • Pay attention to the right details. Delegate those details that are not relevant to the decision at hand to others who are capable of handling them.

      • Go the extra mile by exceeding all expectations, particularly in the areas of friendliness, responsiveness, and attentiveness. Finally, Future Capable Leaders treat others in the way others want to be treated.

      • Realize that change is inevitable and accept, anticipate, and harness it, while realizing that mistakes are not only possible, they are inevitable, and must be admitted.

        • Future Capable Leaders treat people in the way those people want to be treated. They offer compassion, politeness, trust, dignity, respect, and fairness. In doing so, they motivate people, because people who are treated as they wish to be treated are more likely to offer the same courtesies to others.

          Through their actions, Future Capable Leaders foster the environment necessary for investing in the human capital required to create a Future Capable Company. They are aware of how important employees are and how much value they add to an organization. They lead and participate in the cultural revolution that creates the Future Capable Company.

          Development

          A development program that will maintain Future Capable employees, and thus result in a Future Capable Company, must first address the development needed. All employees need three types of development: visionary development, general development, and specific development.

          Visionary development is the basic foundation upon which happy and motivated employees evolve. Visionary development is the consistency portion of dynamic consistency.

          All employees involved in a supply chain, from CEOs to operations managers to document technicians, must understand the processes that create Future Capable Companies or there will be no shared beliefs and no Future Capable Employees or Future Capable Leaders. Therefore, the most important developmental need of every organization is for everyone in the company to understand the concept of the Future Capable Company.

          Fulfilling this visionary development need will be a major step toward becoming a Future Capable Company.

          General knowledge development

          General developmental needs are categorized as general knowledge development and general skills development. General knowledge development includes an understanding of the following: