The Power of Value-Based Decisions
Bob and Ted grabbed their coffees and walked to a corner to chat while they waited for their local Chamber of Commerce meeting to start. Ted, who ran a successful IT company in town, serviced Rob’s CPA firm. He saw the troubled frown on his friend’s face and asked, “What’s wrong? I thought business was good.”
Ted tried to change the grimace into a smile. “Going great. In fact, I hired five new accountants. The thing is, I am not happy how the office is running. Although we make an effort to accommodate each other, we experience friction rather than functioning like a well-oiled machine.”
Chuckling, Rob said, “I remember being in that position three years ago. What turned it around for us was instituting a value-based philosophy in our leadership and processes.”
“What’s that? Did it work?”
“It sure did. Learning how to stay true to our values is an evidence-based process that streamlined how we do things. An executive coach worked with my management team and me. She spent time with us individually and as a group. By bringing this concept into all that we do, it made all of us better at our jobs.”
The meeting was starting, and Ted said, “Can you share how it works? Sounds like something that would help me.”
As they took their seats, Rob said, “Sure.”
Your Values Will Keep You on Course
Effective coaching on both the individual and team level is essential for any successful executive management group. One of the most important purposes of an owner or manager is to know how to get the best out of the people who work for them. It is also imperative to know how to cooperate with your peers. The key is to know what will work for your organization, because your vision, goals, people and culture are unique to you.
Successful leaders know the benefit of stressing corporate and personal values as the essential guide toward success in any facet of an organization. Furthermore, regardless of the position, you experience health and emotional advantages when you mindfully apply those values to any situation without judgment. When you remove that filter of judging others in the workplace, you are “walking the talk” with graciousness and respect toward others. Ownership leads to sound decisions that you can implement. Just as importantly, if you train your key executive staff in the same philosophy, your company will be operating consistently throughout its various functions.
The goal is to develop a clear direction for your work in the present by being directed by value-based decisions while not judging others. First, identify your fundamental core values. Only then can you use them to guide your decisions as you align your intentions with actions. That alignment brings a consistency to your leadership. From this point, you can then train your people at every level in the organization on the identified values and why they are the compass for the company. That training aligns everyone with how your business operates. All employees can realize their professional and personal goals, which will propel the different departments and teams to a higher level of professionalism and productivity.
First, you need to figure out your core values. These are the philosophies that define what is important to you throughout life, not only in a business setting. The values become the GPS that steers you toward making the best decisions. Approaching decision-making in this way means you always make the right choice, no matter the situation.
The more you mindfully practice these techniques, the more you will see your words and actions align with your values. Your values become your measuring stick for all your successes in life. You will find that you can navigate any stress with equanimity. No matter the situation or the pressure, you will see that your decision-making stays sound. That is a quality worth its weight in gold. When everyone in your entire organization is comfortable with this way of doing their job, they will keep their heads in difficult times, while your competitors are dazed and scrambling to deal with a new situation.
An attitude of gratitude and grace is vital to embody a value-based emphasis in an organization. Sincere trust empowers you to connect, influence and impact others many times over. Implementing all of these practices allows you to bring together all the talents of everyone you work with or who report to you. This concept might sound like an idealistic manner of running an organization, but it truly works!
Divya Parekh is the CEO of The DP Group, LLC.