Thursday, August 2, 2012

David Erdal in Director: Humanity Working

Here's a thought: your company is the most productive in its industry. The people in the business care deeply about it; they understand how it works; they contribute energetically and are constantly coming up with ideas to transform it.

They have the lowest rates of absence and turnover in the sector, and they share a desire to keep the company independent. As for customers, this is a business not just appreciated but loved by them.

Just a pipe dream? Not at all – this description is true of many companies owned by all their employees. There is one proviso: employee-owners must be treated not as mere employees, but as partners.

They must share comprehensively in the rights that ownership confers: information, influence and the wealth created.

In any business, employees are partners. They are not under anyone's control, like robots or hire cars. Employees are people: they choose to co-operate – or not, as the case may be.

When they own the company, the stage is set to arouse the instincts for committed effort and innovation. When people own a business, it follows that they work harder, think actively about the organisation and stick with it through thick and thin. It's common sense. Ownership as the driver of performance? That's capitalism.

Read the full Article in Director Magazine: David Erdal

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