OWNERSHIP THINKING: HOW TO END ENTITLEM

It’saninsidiousdiseasethatiscripplingcompanies,destroyingoureconomy,andcrushingpotential.It’sinfectingtheveryrootsofbusinessperformance,andit’sspreadingfast.Itisn’ttherecession,marketvolatility,scandal,orgreed.It’sentitlement.Anditmaybekillingyourbusiness.Inmyriadways,entitlementhasbeencultivatedfordecades.Asaresult,toomanyemployeestodaybelievethattheyareentitledtoapaychecksimplybecausetheyshowup.BradHamshasproventhatwearenotdoomedtoapathofentitlementanddependence.Aftermorethan15yearsworkingwithhundredsofcompanies,heknowsthatthevastmajorityofemployeesaddictedtoentitlementactuallywanttoengage,wanttocontribute,andfeelmuchbetteraboutthemselveswhentheyareinanenvironmentthatrequiresthemtodoso.Now,withOwnershipThinking,Hamsshareshisstrategythatwillincreaseyourcompany’sproductivity,employeeretention,andprofitability:TheRightEducation:Teachemployeesthefundamentalsofbusinessandfinance,howtheircompanymakesmoney,andhowtheyadd—ortakeaway—value.TheRightMeasures:Identifytheorganization’sKeyPerformanceIndicatorsandteachemployeestoforecastresultsinanenvironmentofhighvisibilityandaccountability.TheRightIncentives:Createincentiveplansthatareself-fundingandclearlyalignemployees’behaviortotheorganization’sbusinessandfinancialobjectives.Youremployeeswilllearntothinkandactlikeownersandwillbecomeactiveparticipantsinthefinancialperformanceofthebusiness.Theywillgaintheself-esteemthatisonlypossiblethroughachievementandwillreaprewardsthatareinalignmentwiththesuccessoftheirorganization.Meanwhile,youwillenjoyyourrolemore,sleepbetteratnight,andleavealegacythatisfarmoreinspiringandsignificantthanyoudreamedpossible.