What’s the single most effective investment you can make to build a top-performing company?
The Wall Street Journal and the Drucker Institute recently completed a study of 693 public companies in which they identified the #1 focus shared by the world’s most effective firms.
Drucker Institute’s chief data scientist, Lawrence Crosby, studied 37 indicators of corporate effectiveness and grouped them into five areas of focus.
Employee Engagement and Development
Only ONE of these areas stood out from the rest in relation to corporate effectiveness:
Can you guess which one?
You will probably be surprised by their findings!
The right answer is number two: Employee Engagement and Development.
In their WSJ article, the authors note that the “latest research shows that a company’s results are driven, to a major degree, by how well it manages its workforce.”
By tracking the corporate effectiveness of these 693 firms over time, they discovered that “the 50 biggest overall gainers...shot up by an average of 11.2 points in employee engagement and development...None of the other four areas came close.”
Summary: It’s all about your people!
The authors explain that “The best managers keep a close eye on all five dimensions of performance. But if you’re trying to figure out where to focus first, you can’t go wrong by taking good care of your people.”
What can you do to leverage this conclusion?
Invest in developing an engaged workforce!
At Teamalytics, we use behavioral analytics and coaching to help your team eliminate counterproductive behaviors like these so you can hit your goals, have fun, and earn more.
We believe in the power of teams! That’s why Flip Flippen, the Founder and Chairman of Teamalytics, serves on the Board of Directors of the Drucker Institute.
Peter Drucker has famously written, “The yield from the human resource really determines the organization’s performance.”
Are your team members bringing enough task-focus and drive to their work each day?
Are they challenging each other’s ideas in a healthy manner?
Are they encouraging and supporting each other in the process?
Are they confident enough? Resilient enough? Aggressive enough? Too aggressive?
You can’t answer these questions without behavioral data.
Over the last 25+ years, Teamalytics has collected and analyzed behavioral data from more than 500,000 people in many of the largest and most respected organizations in the world.
We know exactly what effective leadership behavior looks like. And we’ve got the numbers to prove it!
Our executive coaches are successful, senior-level leaders with first-hand experience leading their own teams through our data-driven processes in the context of military units, champion sports teams, and Fortune 500 companies.
We can help you build a productive, loyal, and passionate team of people that actually enjoy working together to deliver measurable business results.
Are you ready to win the war by creating a high-development culture? Contact us!
3 ways we can help you overcome the obstacles holding your team back:
1. Learn how the Fortune 500 (e.g. LinkedIn, McKesson, Procter & Gamble) are using our behavioral analytics and coaching to optimize their teams for competition-busting results HERE.
2. Download our report “Solving the 5 Pervasive Team Challenges” and experience the power of our Teamalytics 360 Report for yourself or a team member at no charge HERE.
3. Grab a free Consultation to discuss the challenges on your team and how to leverage the power of behavioral analytics to solve them HERE.