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Posted August 22, 2013
The business world fascinates me for two reasons: the first one is because your place of employment is usually the place -- other than your home -- where you spend many hours at, and the second is because I'm interested in teaching entrepreneurship to students. So I plow through dozens and dozens of business books a year, eagerly soaking up lessons and looking for inspiration and knowledge about the business world.
So, naturally, I recently picked up "It's My Company Too!" and I have to say it is one of the best and most inspirational business books I've ever read. It offers in-depth studies of eight companies who offer compelling reasons on why employee entanglement makes sense. What are some attributes of this entanglement mindset? It means those employees who mentor and educate other employes. It means employees who think like business owners, which means they work and fight for their company as if it were theirs. It means they continue their education and always strive to learn more.
Just as importantly, business leaders need to create an atmosphere where this entanglement is possible, and that is one of the key points of the book: leadership means being ethical and moral and driven by values and viewing employees with respect. In other words, to quote Peter Drucker: "“Management is doing things right; leadership is doing the right things.”
And the right things this book recommends are clear blueprints for paving the way for businesses, teams and organizations to become excellent and successful. As everyone knows, it's not easy to be excellent and successful, but the recipe on how to achieve those worthy goals are contained in this book. It's a recipe worth following because the end results are what anyone in business constantly dreams about -- extraordinary success and satisfaction for all.
Posted November 20, 2012
Is employee entanglement the way to build an exceptional organization? At first glance, the idea is a bit disturbing. I squirmed a little when I read this use of the word "entangled" in this book.
Entangled has messy connotations to me: maybe they meant engaged? I wondered. Or embedded? But no, three pages in the authors make it clear: they mean entangled. Why that word? Because entangled implies a state of tension, of being stretched - a familiar state for small businesses, like those featured in the book, in the current economic environment. But, as the authors describe it, for entangled employees in entangled organizations this tension exists because of their clear vision of where they want to be, and a firm knowledge that they aren't there yet. The entanglement tension creates a drive that helps organizations out-perform their peers.
"Entanglement is the critical force that separates world-class from common performance, providing an organizational competency that makes leaders among peers," write the authors. "It's these distinctive competences that make imitation impossible and competitors irrelevant."
Eight Not-So-Easy Pieces
Using the analogy of a puzzle, the authors identify eight "not-so-easy" pieces that great companies put into place to gain employee attention, build discretionary thinking, and excel in the marketplace:
Having leaders who do extraordinary things
Building an ethical organization
Focusing all the human capital
Using process to guide performance
Increasing an individual's self-efficacy
Giving employees freedom and responsibility within a culture of discipline
Hard-wiring discretionary thinking and actions
Guiding the transformation process to remarkable performance
None of these concepts are original to the book. What is original is the chemistry created by the combination of these ideas: when functioning together, it creates exceptional organizations. This is evident in the examples of the eight organizations featured in the books. The stories of these organizations should be taught in business schools.
Posted October 25, 2012
What is employee entanglement? It's a positive employee-company dedication and full employee commitment to the organization at the deepest level. It’s having the personal goals of employees mesh completely with those of the company for which they work. It’s what I have felt since day one of working at Tasty Catering.
It’s My Company Too! uncovers the keys to employee entanglement. I have been fortunate to work for, and alongside, author Tom Walter at Tasty Catering, learning firsthand what it means to be entangled within an organization that—according to a recent Employee Engagement Gallup 12 poll given to all Tasty Catering staff—boasts 98% employee engagement. I have also had the honor of watching It’s My Company Too! co-author Molly Meyer transition from a seasonal employee at Tasty Catering to the Creative Director of nuphoriq (Tasty Catering’s "sister" company, a creative marketing agency founded in 2011) to author of a book explaining the entanglement she has experienced in working with both companies. Molly is another living example of how sharing the goals and values of the organization for which one works takes the work experience to a new level, one that goes beyond a “job” and becomes equivalent to a happy and healthy lifestyle.
In addition to Tasty Catering, the seven other award-winning organizations in this book have adopted an entangled culture. Their stories are designed to inspire and re-ignite the passion in workplace leaders everywhere to consistently build a better culture within their own company or business. In fact, during the writing and research for It’s My Company Too!, the authors came across SRC holdings, profiled in Chapter 1, a company that employs a strategy called the Great Game of Business. In this Great Game, based on the book Great Game of Business by Jack Stack, P&L statements are broadcast to all employees, and various employees in the organization are responsible for a line item on the P&L statements. This lead to complete financial transparency within the organization, and employees were able to adapt an owner’s mentality. This financial transparency and employee ownership led SRC to achieve record levels of profit. Tasty Catering followed their lead, implementing the Great Game into its business practices in early 2011, and I am happy to say that Tasty has also achieved record levels of profit.
The real life case studies showcased and illustrated in It’s My Company Too! are designed to give other organizations actionable insights to help any leader take his or her employees from engaged to entangled.
Posted October 24, 2012
Great read that presents high level concepts in an easy to read and understand format. Lots of good information and ideas to bring back to my company.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.