People Power:

New Business Model

New People Partnership

New Company-Employee Relationship for the New Knowledge Economy

Source: The Centerless Corporation, Bruce A.Pasternack and Albert. J. Viscio. Executive summary by Vadim Kotelnikov

"Treat employees like partners, and they act like partners." ~ Fred Allen

New People Partnership New Economy: Key Features Sustainable Growth Strategies Be the Best Possible Employee Empowerment Managing Knowledge Workers: NEW COMPANY-EMPLOYEE PARTNERSHIP

New People Partnership Fulfills the Business Need to:

  • continually improve performance and enhance value to shareholders

  • enable the company to attract and retain top talent

  • motivate all employees to work to their fullest potential

  • develop the skills of white- and blue-collar workers

  • balance the interests of all stakeholders, including shareholders, employees, unions, government, and society

Inspiring People: 4 Strategies

Innovation-friendly Organization

 

 

Five Key Principles

of the New People Partnership

  1. Employee well-being: Both parties - employers and employees - commit to employee well-being as a core value

  2. Open communication forms the foundation for the day-to-day relationship

  3. Career management: employees manage their own careers

  4. Employable security: Employees gain "employable" security by building critical skills

  5. Accountability for performance extends to all levels of the organization

Inspirational and Empowering Leadership Roles

  • Connecting personal goals to business goals... More

Inspirational Leader: 10 Roles

9 Roles of a Team Leader

Winning Organization

Balanced Organization: 5 Basic Elements

People Power

Centerless Corporation

Inspiring Culture

Employee Empowerment

Empowerment vs. Delegation

10 Steps To Empowerment

Getting Employees Involved: 9 Ways

Freedom to Fail

Case Studies

GE Creating an Extraordinary Organization

Lend Lease: Employee and Community Wellbeing Fund

Google's 10 Golden Rules

Why New People Partnership?

 

New People Partnership is the full implementation of the new realities that exist between the corporation and its employees. While we talk about how fast the business environment has changed, probably no dimension is changing faster than the dynamics between employer and employee. In today's volatile times, companies can no longer guarantee lifetime job security. "Specialized skills are increasingly required by firms, yet these skills are what make employees more mobile in the marketplace." For instance, in the 40's people held on average 2 jobs during their entire lifetimes. But today, that number has risen to 14 and still growing.2 Thus, the New People Partnership that establishes a new quid pro quo.

Harnessing the People Power

Today, people are your firm's most precious and underutilized resource. They are your firm's repository of knowledge and they are central to your company's competitive advantage. Well educated, coached, and highly motivated people are critical to the development and execution of strategies, especially in today's faster-paced, more perplexing world, where top management alone can no longer assure your firm's competitiveness.

Establishing a New Environment

At all levels, your company needs people who can deliver at the frontier of performance. They must understand where your company is going and be able to influence this path. They must share in your company's fortunes and be motivated to push for greater achievements. "New People Partnership" will help you attract this vital resource. Recognizing that lifetime employment is no longer feasible, this "partnership" involves a mutual commitment to establishing the environment for learning, self-leadership, and for ongoing employability. In essence, the New People Partnership is a fresh perspective that dictates that the company owns the work rather than the employee's career.

9 Signs of a Losing Organization

Yin-Yan of a Winning Organization

Inspiring Culture: 5 Elements

Key Principles

A successful people partnership is a coherent set of people systems and processes that reflect the business environment, the enterprise strategy, and organizational values. Each one will be unique to an organization and its employees, but there are some key principles that are common to all the companies that are exploring the New People Partnerships.

Sam Walton's 10 Rules for Building a Successful Business

Rule 2: Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations. Remain a corporation and retain control if you like, but behave as a servant leader in your partnership. Encourage your associates to hold a stake in the company. Offer discounted stock, and grant them stock for their retirement. It's the single best thing we ever did... More

 Case in Point  Dell Computer Corporation

"The best way I know to establish and maintain a healthy, competitive culture is to partner with your people through shared objectives and a common strategy," writes  Michael Dell3, the Founder of Dell Computer Corporation. "Connecting with the outside world keeps you aware. Connecting with your people your most valuable asset is the way to keep your business and your people healthy and strong."

"Once a reporter asked me which of our competitors represented the biggest threat to Dell. I said the greatest threat to Dell wouldn't come from a competitor. It would come from our people. It hasn't been easy, trying to maintain the entrepreneurial spirit  that has characterized Dell as our company has grown bigger (in terms of headcount) and more complicated (by way of infrastructure). Nor has it been easy to maintain the energy of a focused team, as we expanded around the world. But my goal has always been to make sure that everyone at Dell feels they are a part of something great something special perhaps something even greater than themselves."... More

 

Synergistic Organization

Inspiring Corporate Culture

Inspired Team

New Management Model

25 Lessons from Jack Welch

 

 

References:

  1. "The Centerless Corporation", Bruce A.Pasternack and Albert. J. Viscio

  2. "The 10 Commandments of Power Positioning", Michael Fortin

  3. "Direct from Dell", Michael Dell with Catherine Fredman