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Maister asked the simple question: Are employee attitudes correlated with financial success? The answer, he found, was "an unequivocal 'Yes!'" Further, the author shows that high levels of employee commitment and dedication "cause(yes, cause) a demonstrable, measurable improvement in financial performance." Maister proves that if your firm doesn't promote enthusiasm and high morale in your employees, your firm will make less money.
So, how can you create a culture in your firm that promotes growth and superior financial returns? Maister discovered that the most successful firms surveyed excelled by doing well on things to which most, if not all, firms pay only lip service: commitment to clients, teamwork, high standards, employee development, and other familiar topics. However, what distinguishes the best from the rest is that the best live up to their own standards.
Digging deeper by conducting in-depth interviews with managers and employees of the firms he surveyed, Maister has found that the key to success is not the systems of the firm, but the character and skills of the individual manager. He explores in detail the central role of the manager (what he or she must be, must do, and must require of others). The reader will find specific action recommendations from the managers and employees of these "superstar" businesses on how to build an energized workplace, enforce standards of excellence, develop people, and have fun -- all as powerful profit improvement tactics.
Practice What You Preach can help any manager increase firm growth and profitability, and will provide proof to firm executives that great financial rewards come from living up to the high standards that most businesses advocate, but few achieve.
IntroductionHow to Use This Book
How to Use This Book
1. The Survey
Financial performance and employee attitude questions
Trust, respect and integrity
Enthusiastic, committed and dedicated people
The right combination of fun and discipline
An uncompromising determination to achieve excellence
Build your people and the rest will come
Nine attitudes that predict profits
The best management is one-on-one
The factors that cause financial performance
Talent doesn't outweigh personality
The individual manager is disproportionately influential
The Culture Cop: non-negotiable cultural minimums
Size makes things harder
You've met Alice, haven't you? Essential human qualities
Your younger staff's views predict profits best!
It's about relationships, stupid! Walk the halls!
Geography, lines of business and leverage
Don't go home if someone else needs help
Don't be afraid to live your values
What managers must be, believe and do
Intolerance, requirements and community
Creating an energizing workplace
Hiring, Training, Rewards and Clients
People development IS business development
Strategy versus expediency. Do what you say you'll do.
Appendix One
The Financial Performance Index
The 74 Questions
The Factors
Impact of Improving on Each Question
How the Top 20 Percent Offices Did It
Correlations
A Note on Structural Equation Modeling
ReferencesAcknowledgmentsIndexAbout the Author
Acknowledgments
Index
About the Author
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