It is a common adage to note that people are the most valuable asset in any organisation. And, this is not surprising when you take a serious look at the claim. As “turnaround king” Marcus Lemonis, entrepreneur and star of CNBC show “The Profit”, explains, “You can take a crappy process and an average product and put the A-Team on it, and you’ll beat somebody with a great process, a great product, and bad people.”
He emphasised, “The question is, what’s most important between people, process, and product? It’s not even a competition, it’s people. End of story. People, at the end of the day, are all that matters”” .
“The question is what’s the most important between people, process, and product? It’s not even a competition, it’s people. End of story. People, at the end of the day, is all that matters”
And, if you accept what Marcus said and take it to heart, then you will also immediately come to realise that the few whom are absolutely vital to the operations of an entire business, those who serve as the hub and heart of the company, and make critical decisions on a daily basis, deserves a lot more attention to their development, both as individuals and as leaders in an organisation.
Economist Theodore Schultz invented the term, “Human Capital”, in the 1960s, it was used to describe the very phenomena pertaining to how our human capacities are like any other type of capital. Through investment in education, training, and enhanced benefits – an improvement in quality of work and level of production is able to be induced, resulting in a higher economic value for the organisation as a whole.
Today, forward looking companies have started employing executive coaches to work with executive for a variety of reasons including; succession grooming, leadership development, performance coaching, interpersonal skills, promotion support, transition management, etc… Companies that do not invest in their employees find themselves running the risk of losing out to the competition in terms of competitiveness, talent drain and even wasting away untapped potential that had always been evident in the team
Invest in your team today.
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