Tuesday, December 22, 2009

Partnership Capitalism to Drive Performance and Culture

Partnership Capitalism to Drive Performance and Culture

Partnership - In simple terms its a combined workforce to achieve a Purpose/Goal/Objective

Capitalism - Process of growing Wealth among the community which thereby improves the country's economy.

Early days, there used to be one leader (autocratic/authoritative) who has the idea or energy to run a Company/Organization. This leader takes the majority of the profit because he is key for the origin or existence of business.

In today's world, where most of us are Knowledge Worker (Credit to Peter F Drucker) most(ALMOST ALL) of the employees in an Organization work towards the Organizations Success which translates to Dollars. This profit is being divided across the employees as Shares (ESOPs) which are disbursed based on the individual performance towards the success.

Effectively, the Organizations Performance is aligned to People Performance where these both parameters are measured and mapped against Key Performance Indicators that are baselined based on that industry.

This process gives ownership of success and drives the resources to function in challenging environment where they can WIN in the flat world of the Organization.

This process has been improved over time which has created great differential factor in the Organization Performance and Culture.

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