If you missed Part 1 of this series you can check it out at www.thetowncommon.com. We were talking about what separates the good from the great businesses……no matter what business you are in. This was derived from my recent re-reading of Jim Collin’s classic book “Good To Great: Why some companies make the leap….and others don’t.”
Putting Employees’ Knowledge to Work in a Business
The key currency for any business is not the paper kind; it is intellectual capital. For any business to be successful, intellectual capital must be unleashed. When people are asked how much of their brainpower they actually use, a common response is 20%. The actual percentage is estimated to be much lower. Leaders understand this. They recognize that one of their major challenges is to unleash the latent intellectual capital that already resides within every employee in their organization. In part, this is accomplished by establishing a culture of learning within a business.