Helping your employees develop an ownership mentality benefits them and the organization as a whole. Ownership thinking means taking accountability for the quality and success of the outcome of your work. A culture of accountability, where employees are able to make decisions and are encouraged to take ownership is a powerful characteristic of a successful work environment. This takes an emotional and mental commitment – it takes engaged employees. Thinking like an owner with an ownership mentality comes from within a culture that promotes trust, communication, objectivity, and a stake in the outcome.
Businesses exist to produce profits. More importantly, businesses exist to generate cash flow. Without cash flow, businesses fail. When businesses fail, people lose their jobs and the company obviously has no ability to create new jobs. I’m not sure why more leaders don’t communicate and teach the importance of cash flow.
Open Communication and Opportunity
As we wrap up our look at the PFSbrands Core Values, we finish with a Core Value that all great companies have in common and that is Open Communication. Then we look at the Core Value that every single one of our employee-owners should be excited for and that is ‘Everyone has the opportunity to excel.’
First, let’s review the Core Values we’ve already discussed. Be sure to read the previous Core Values articles below: