Showing posts with label values based leadership. Show all posts
Showing posts with label values based leadership. Show all posts

Friday, October 21, 2016

Respect In The Work Place

The Benefits of a Respectful Working Environment 

One cornerstone of Values Based Leadership is respect. Everyone in the organization, but particularly those in leadership positions, should foster respect for everyone (both within and external to the organization).
Unfortunately, this is not always the case. A University of Michigan study of 1100 workers reported that 71% experienced incidents of incivility or disrespect in the workplace. In another report, over half of 14,000 workers around the world said they had felt disrespected in the workplace during the prior week. And a British Workplace Behavior Survey estimated that nearly 2 million workers in Britain had experienced some form of violence at work over a two-year period.
Showing respect for everyone you come into contact with, including indirect contact such as phone calls and email, is essential for developing productive relationships and managing conflict in the workplace. There should be no tolerance for especially damaging and degrading forms of disrespect in the work environment such as bullying, harassment, backstabbing, sabotage, harmful comments or denigrating gossip.
Former Egyptian President Anwar al-Sadat once said, "There can be hope only for a society which acts as one big family, and not as many separate ones." 
The same can be said for all organizations, whether large or small. One of the best ways to break down the silos found in an organization is by establishing firm ground rules that promote respect amongst all co-workers, and between the organization's employees and its customers, suppliers, vendors, partners, regulators, and all other external parties.
In a respectful work environment the following traits can be found: 
·         Personal differences are put aside to focus on solving problems and creating solutions.
·         Everyone treats all others with respect at all times.
·         Open and honest constructive communication takes place.
·         Differences in opinions and ideas are tolerated and respected.
·         There is no talking behind another person's back.
·         When problems between individuals arise they are handled forthrightly, constructively and openly.
·         It is assumed that everyone is doing the best they can with the resources at hand and that everyone's heart is in the right place for the good of the organization and its workers.
The main benefit of a respectful working environment is that less time and energy is spent handling conflicts (particularly personality conflicts and people issues), resulting in more time available for productive work and getting the right things done. 
A respectful working environment is also less stressful, which results in higher employee motivation, fewer sick days and absenteeism, and overall higher levels of productivity. 

This article is partially excerpted from our top-ranked personal development book Project You: Living A Determined Life, which is available in Kindle and paperback formats at Amazon. 

Saturday, October 15, 2016

The Importance Of Values In Business

How an Organized is Led and Governed is Critical to its Success 

A report a few years ago titled Reputation Assurance: The Value of A Good Name, from PriceWaterhouseCoopers, stated, "A single-minded focus that seeks only to satisfy shareholders may ultimately lead to crises and erosion of shareholder value."
When business owners and leaders actively demonstrate strong values, they are better able to:
  • create meaningful relationships with diverse stakeholders to drive high performance as they build and develop internal talent, and
  • inspire and energize their employees and peers, by demonstrating what is expected of the team, and then simultaneously building and developing internal talent.
 Dov Seidman, author of HOW: Why HOW We Do Anything Means Everything…in Business (and in Life) believes there is a link between enlightened corporate behavior and performance. He argues that the most successful businesses of the future will also be the most moral ones, not as a result of formal Corporate Social Responsibility (CSR) initiatives and programs, but from what he labels sustainable values. 
Unlike situational values, sustainable values are ones with sustaining human relationships built into their day-to-day practices and behaviors. In Seidman's view, how an organization is led, governed and operates is equally as important to its future success as the products and services it produces.
In fact, values are such an important item on the leadership agenda that astute leaders are now actively seeking new systems and methodologies for cascading critical values throughout their organizations. This is one area where smaller and medium sized businesses will have an advantage over monolithic, huge enterprises as it is much easier to cultivate consistent values-based behaviors across a workforce of 200 than 20,000.
Values are also very important to employees. In fact, the 2012 PWC Annual Global CEO survey reports that 59% of workers say they will seek employers whose corporate responsibility behavior matches their own values. This was higher than the 52% who said they are attracted to employers offering opportunities for career progression.
Values are important to employees. Values are important to consumers. Values are important to society.
It is little wonder that incisive and wise business owners and leaders are now deliberately and purposely using shared values as one of the best levers for optimal people performance within their organizations. As a result, they are creating great businesses that deliver significantly more than just money. 

This article is partially excerpted from our top-ranked personal development book Project You: Living A Determined Life, which is available in Kindle and paperback formats at Amazon. 

Friday, October 14, 2016

Values Set The Context For Behavior

Values Based Leadership Helps Prevent Corporate Disasters 

Values are the catalyst for behavior. Basing collective and individual action on value goals, rather than stated performance objectives, has three important benefits for the organization:
                 1)          It helps to avoid wrong actions that lead to devastating consequences,
                2)          It helps everyone address dilemmas where there is no obvious, clear black and white correct path to take, and
                3)          It helps employees respond to the sentiments of others when strongly held opposing views come into play.
A few years ago, the high-powered leadership team at Enron was known as "the smartest guys in the room." But their lack of values-based performance led to the collapse and destruction of Enron, and carried the corpse of accounting firm Arthur Anderson with them. It also led to prison sentences for several Enron executives. 
Today, many people are questioning what the values were at Volkswagen which led some people in that organization purposefully install illegal software in their vehicles deliberately aimed at cheating laboratory emissions tests. This deliberate corporate malfeasance is going to cost Volkswagen over $15B just in the United States, plus several billions in other countries. 
Values set the context for behavior. By understanding the values your people bring to the table, and then aligning these with the vital values of the organization, you create teams of people more able to collaborate and work together to produce the results desired.
Great leaders know to monitor and measure the processes and behaviors producing results. They also know that when they modify behaviors that have slipped beyond the edges of the organization's agreed and stated values, their people performance and results return to the desired path and destination.
Values-based leadership is about sometimes taking the hardest path. It is about seeing the company's purpose as more than just a profit-producing machine. It also means putting people and values before profits and short-term "shady" tactics designed to meet quarterly or yearly numbers. As the great investor Warren Buffet said, "It takes 20 years to build a reputation and five minutes to ruin it." 
Without a values-based leadership approach, your organization's clock is permanently set at five minutes before disaster.  

This article is partially excerpted from our top-ranked personal development book Project You: Living A Determined Life, which is available in Kindle and paperback formats at Amazon.