Growth guru on human resources
Last week I attended a workshop by growth guru Verne Harnish.
Verne has done extensive research into the habits of exceptional companies. On the subject of human resources two points seem to be glued to my mind.
1) exceptional growth companies have ‘Level 5’ Leaders. A level 5 leader is modest but strong minded. He wouldn’t brag about his accomplishments but will say it’s a team effort. Not to be mistaking by for a whoosh, level 5 leader have been know for fierce cost cutting and reorganizations, but they seem to tell it like it is. In line with this modest behavior there is less written about level 5 leaders then about leaders that pound themselves on the chest.
2) 1 great employee will do the equivalent work of three good employees. To attract the great employee pay them twice the amount of your competitor. This seemed to work for merril lynch. With have twice the revenues an halve the staff as their direct competitors.
Question remains: Do you need a company of great people, or do you need great people that are supported by good people?
I will be posting a few lessons learned this week.
Ps, for those who watched the clip, note that Steve twists his ankle, but beautifully incorporates his pain into the “monkey dance”
Verne has done extensive research into the habits of exceptional companies. On the subject of human resources two points seem to be glued to my mind.
1) exceptional growth companies have ‘Level 5’ Leaders. A level 5 leader is modest but strong minded. He wouldn’t brag about his accomplishments but will say it’s a team effort. Not to be mistaking by for a whoosh, level 5 leader have been know for fierce cost cutting and reorganizations, but they seem to tell it like it is. In line with this modest behavior there is less written about level 5 leaders then about leaders that pound themselves on the chest.
2) 1 great employee will do the equivalent work of three good employees. To attract the great employee pay them twice the amount of your competitor. This seemed to work for merril lynch. With have twice the revenues an halve the staff as their direct competitors.
Question remains: Do you need a company of great people, or do you need great people that are supported by good people?
I will be posting a few lessons learned this week.
Ps, for those who watched the clip, note that Steve twists his ankle, but beautifully incorporates his pain into the “monkey dance”
