"People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize."
David Packard
Co Founder Hewlett-Packard
I can't imagine a better way to determine the value of management. If you manage your resources well, including the people who work in your company, including yourself, you make money and if you don't . . .
But I've never seen this done. Typically when a company is in trouble the tendency is to cite all manner of things as the cause, all except management.
What if we developed a universally accepted score that would follow all managers throughout their career; a number that ties them to the performance in their previous positions? Maybe something like a FICA score or a credit rating all fed into some central manager BCS rating computer. The equivalent of GPA's and GMAT or SAT scores in school.
Scary isn't it?
Co Founder Hewlett-Packard
I can't imagine a better way to determine the value of management. If you manage your resources well, including the people who work in your company, including yourself, you make money and if you don't . . .
But I've never seen this done. Typically when a company is in trouble the tendency is to cite all manner of things as the cause, all except management.
What if we developed a universally accepted score that would follow all managers throughout their career; a number that ties them to the performance in their previous positions? Maybe something like a FICA score or a credit rating all fed into some central manager BCS rating computer. The equivalent of GPA's and GMAT or SAT scores in school.
Scary isn't it?
My first reaction was no way I want a number tracking me but then I thought about all the numbers attached to me now, all of which rate me in some way.
ReplyDeleteIt is scary but in a way we do this now. 360 reviews by our peers, those above and below us, recommendations when we move to a new company. All ratings of our performance.
ReplyDeleteIf nothing else standardizing the procedure as is done with GMAT, SAT, ACT, etc. would at least give us common language when considering someone as a new employee.