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Summary: Beyond Power to Stakeholder-Centered Missions and Values
Review: If you like Ken Blanchard's other books (like The One Minute Manager with Spencer Johnson), this could turn out to be your favorite Blanchard book of all time. This book looks more fundamentally at how people get their business and personal lives out of whack than the other Blanchard books. That usually means putting the pursuit of prosperity ahead of health, happiness, and peaceful relations with others. The book is built on this premise: "It's values that align people, that get them all committed to working for the common good." On the other hand, if you dislike Blanchard's general approach to business and book-writing, enough said. This one will affect you the same way, and you should skip it. Most people who think about leadership imagine exercising great power by using moral persuasion and commands to shift an organization into a better direction. Actually, that's harder than turning a supertanker around, and often less useful. In my experience, and in the views of this book, it works better to find a purpose for the organization that is equally valuable and meaningful to everyone involved (those who work there, customers, suppliers, shareholders, distributors, partners, and the communities you serve). That purpose doesn't come from the CEO, but rather it emerges from conversations with all of the interested parties. Then, by using that central purpose, and the values to support it, everyone can decide what the right thing to do is in any situation with a minimum of leadership and management from elsewhere. Johnson & Johnson is probably a good example of a company that runs this way. When someone tampered with some Tylenol capsules, the company quickly recalled all Tylenol products as a reflection of its value of providing only helpful, healthful products. Unlike Ken Blanchard's other books, this one has a lot of process-oriented information about how to go from how you lead today to a mission and value-centered process. I found that very helpful, and the process suggestions seemed sound to me. I have not actually seen a company use the exact process here, but it seems reasonable compared to the examples I have seen in other companies. As you probably guessed, the book is built around a fable that involves someone (CEO Tom Yeoman of RimCo) having an epiphany that leads to a desire to change his life and improve his company. The epiphany follows his best friend refusing to help start a new business with him, saying, "The trouble with you, Tom, is that you're in a rat race. Remember, even if you win the race, you're still a rat." Tom meets a change agent (a consultant who specializes in Managing by Values) and several clients of the change agent who share their experiences. The book goes on to describe how Tom's company implements that advice. You'll also recognize the familiar summaries, diagrams and short quotes ("The most important thing in life is to decide what's most important.") to emphasize what you have just learned. This book is also a good reference tool, because it has a lot of detail about how to implement the process. The main drawback to the reader is that you probably cannot implement this process very well by yourself. You will probably want to hire one of the firms that the coauthors work for if you like the process. Normally, I complain bitterly about this in other business books. I am making an exception here, because my experience has clearly been that an outsider can be essential to establishing personally-meaningful missions, values by consensus, and creating the adjustments needed to live by those values. The actual content in the book is probably five times greater than in a typical Ken Blanchard book, so you'll definitely get your money's worth. Live long and prosper by your values!
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Summary: Managing by Values
Review: In Managing by Values, Ken Blanchard and Michael O'Connor suggest that many companies create lofty vision and mission statements that they distribute throughout their organization for all to see, yet they rarely if ever "walk the talk." This book challenges organizations to transform the way they conduct business from managing by intimidation to managing by values.
Gut Reactions: When I initially read the jacket of this book, I thought it would be more of the same old total quality management jargon. I expected to read a lot about statistical process control, just-in-time management and leadership from the bottom up. While several of these topics were mentioned in the book, they were by no means the major thrust of what the authors wanted us to learn. The focus was on leading, managing and working in an environment that focuses on the C-E-O-S of an organization. According to the text, these key constituency groups provide the structure within any successful organization. The foundation on which these organizations conduct business is one of commitment, not only to profit but also to business values like honesty, integrity, fairness, and cooperation, in other words, "managing by values." Written in a story format, the authors easily draw you into the life and problems of a CEO ((Tom Yeomans) who has finally realized that his way of managing may not be the best thing for himself, his family or his organization. Faced with this revelation, Tom makes a commitment to change his own way of managing and ultimately create a more ethical way of doing business within his organization. Big Ideas: ·There are Three Acts of Life: Act I: Achieve (being-by-doing) Act II: Connect (being-by-being-with) Act III: Integrate (being-by-becoming) ·Fortune 500 Organizations depend on four pillars: C - Customers E - Employees O - Owners (stockholders) S - Significant others (community, creditors, suppliers, vendors, etc.) ·Managing by Values Process Phase 1: Clarifying the mission/purpose and values - Owners - Top Management - Unit Leaders - Employees - Customers - Other Key Stakeholders Phase 2: Communicating the mission and values - Organization and Unit Events (meetings, celebrations, etc.) - Communication Materials (posters, brochures, etc.) - Formal Communications Mechanisms (newsletters, etc,) - Informal Communications Mechanisms (memos, voicemail, e- mail, etc.) Phase 3: Aligning the daily practices with the mission and values - Individual practices (self management, problem solving, decision making and leadership practices) - Team practices (effective member practices, group dynamics and processes, stages of building high-performance teams) - Organizational practices (strategic management and development, organizational systems and processes, resource- barrier management, rewards and recognition practices) Continuous Improvement Implications: - This story has implications beyond the corporate world. It challenges each of us to live our personal lives and conduct our business affairs within the same ethical framework. I now understand why in the past I've found myself at odds with the cultures and practices within an organization and why I ultimately chose to leave those organizations. This book could easily have been written about an elementary school, a college or university, a hospital or an insurance company. - The text also challenges us to integrate our need to achieve with our need to connect with others. It reminds us to keep the humanistic perspective in all that we do. Questions: After reading Managing by Values, I had the following questions: - Why has it taken so long for us to recognize that ethical behavior is synonymous with customer service? - Can this type of management philosophy truly be successful in the business world? - Are there any organizations that have successfully implemented this philosophy? - Is this type of management philosophy being taught in business schools in the year 2000?
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Summary: This book is the nadir of vanity publishing.
Review: Managing by Values (book on tape) is an easy-to-listen-to book which contains practical, current, and common sense management information. In this world of downsizing, rightsizing and reengineering, it does my heart good to know that there are managers out there who are considering more than the bottom line in measuring a successful business. I would recommend that this book be required reading for all managers.
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Summary: MBV should be required reading for all managers.
Review: Managing by Values (book on tape) is an easy-to-listen-to book which contains practical, current, and common sense management information. In this world of downsizing, rightsizing and reengineering, it does my heart good to know that there are managers out there who are considering more than the bottom line in measuring a successful business. I would recommend that this book be required reading for all managers.
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Summary: Insightful!
Review: Managing By Values uses the same simple, direct story format used in The One Minute Manager and many other Ken Blanchard books. This makes the book easy to follow as it moves from one concept to the next. This book does a good job of presenting the Managing By Values system as an idea that makes sense for a company's bottom line. It's great to have a work force that enjoys their jobs, but those jobs won't last long if a company doesn't remain profitable. Managing By Values shows that you don't have to sacrifice profit to increase worker satisfaction and that you don't have to sacrifice worker satisfaction to increase profit. The MBV process shows that increased worker satisfaction leads to increased profit. This book is written for CEOs and people in senior leadership positions.
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Summary: Good principles - too simplistic to execute
Review: The basic messages of this book can be summarized in one paragraph. First writing down values and guiding principles is necessary. It’s important to know what’s important and making sure our staff and our stakeholders buy into these values. This requires communication. Secondly, writing mission and values won't be enough. The question is how we will put our values into action. It’s in the action that you will see how committed people are to the values. Commitment will mean that people’s behavior is aligned with the mission and the values. Not only does this mean that our values have to be written in a way they provide guidance for this. Once you know this, reading the book is a waste of time. In fact I learned nothing from this book. The *real* challenges are formulating the mission and values in such a way that people REALLY buy into them. A first level of answer can be found from book such as "Visionary Leadership Skills (Dilts, 1996) and my own book "7 steps to emotional Intellince". A second level of comes from books such as "Appriciative Inquiry". Good Luck on your search for meaning! (extract from newsletter of ...
Rating:
Summary: Good principles - too simplistic to execute
Review: The basic messages of this book can be summarized in one paragraph. First writing down values and guiding principles is necessary. It’s important to know what’s important and making sure our staff and our stakeholders buy into these values. This requires communication. Secondly, writing mission and values won't be enough. The question is how we will put our values into action. It’s in the action that you will see how committed people are to the values. Commitment will mean that people’s behavior is aligned with the mission and the values. Not only does this mean that our values have to be written in a way they provide guidance for this. Once you know this, reading the book is a waste of time. In fact I learned nothing from this book. The *real* challenges are formulating the mission and values in such a way that people REALLY buy into them. A first level of answer can be found from book such as "Visionary Leadership Skills (Dilts, 1996) and my own book "7 steps to emotional Intellince". A second level of comes from books such as "Appriciative Inquiry". Good Luck on your search for meaning! (extract from newsletter of ...
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Summary: Story-telling book discusses implementing values in business
Review: This book is a must read for any organization who is considering values as a way to define its culture. Ken Blanchard uses his creative story-telling technique to discuss the process by which a company implements corporate values. Along with Michael O'Connor, Blanchard writes about one CEO, Tom Yeoman, who discovers his people feel he manages "more by fear than by consensus." Tom meets Jack Cunningham, a consultant who helps him introduce and implement a values-based culture in his company. To learn about what it means to incorporate values and strive to be a "Fortunate 500" company, Tom meets with other company representatives who have undertaken this task. Throughout his journey, he learns about the three steps to becoming a Fortunate 500 company -- 1.) Clarifying mission and values; 2.) Communicating mission and values; and 3.) Aligning daily practices with mission and values. Throughout the story, Blanchard and O'Connor introduce creative internal communication ideas, as well as critical tools to help when aligning the business practices with the new values. These tools, coupled with the narrative style, provide a quick, yet informative, read for CEOs, HR personnel, and trainers, as well as anyone interested in this new way of doing business.
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