What is more important to an organization, What you do, or How you do it?
That's the question Bec Kennedy of Australia asked Richard Branson in Entrepreneur magazine.
Is the organization's purpose and mission more important, or are the methods and efficiency of how the organization works more important?
After reading the question, I was curious as to what Mr. Branson's answer would be. What would you say?
Mr. Branson answered that while efficiency and profitability are certainly important to every company, but acting responsibly is more important for long term success. Do you agree? It's hard to argue with the logic.
Acting responsibly helps to motivate and engage your employees. This is especially true for many non-profit organizations. Motivated and engaged employees strive to work more efficiently and effectively to continue with and build upon the success of the organization. Motivated and engaged employees translates into higher levels of customer service. Motivated and engaged employees search for ways to develop, build, and deliver higher quality products and services.
This all translates to more loyal customers, more customers, and lower operating costs. That leads to higher profits. Mr. Branson calls this the virtuous cycle. Does this work in your organization? Can it?
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