A man they say is the sum of his parts and in the whole person model, we call these parts
- The domain of self management
- The domain of people management and
- The domain of organization management
Jack Welch's definition of values brings out their importance in the organizational context, as well as describes them best. Values according to Welch, are just behaviors – specific, nitty-gritty, and so descriptive they leave little to the imagination. People must be able to use them as marching orders because they are the how of the mission, the means to the end -- winning. In other words, values are an organization's formula for winning in business. In fact, Welch thought values to be so important, that he developed a matrix of 4 types of managers - those who lived by their values and those who didn't. Those who lived by them, could continue in his organization and those who did not, were summarily fired!
Thus managers falling in the Q2 and Q3 category, were to be fired, those in Q4 were to be coached and the ones in Q1 were considered invaluable. So invaluable, that they were to be "handcuffed, making sure they did not leave the company for the next five years!"
Given this understanding and critical importance of values, it is not hard to understand the importance of their role in our personal lives too. Values are our personal formula to winning in life, and inventorying of our values gives us a deep insight into the moorings of our aspirations, and help us immensely in carving a solid goal plan to achieve them.
Here is what Mr A, the MD of a large chain of hospitals, wrote to me after doing one such exercise,
" ...the coaching process that I went through with you was extremely useful in helping me to understand myself. It helped me to focus myself for the first time of the direction that I always wanted to take and it helped me to make a commitment to myself. I am now very aware when I take any action as I go along and do question whether the action and outcomes are in sync with the goals that I set for myself."
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