14 Mar 2008 02:10:56 | Ramakrishna Pochiraju
Every company has a Vision, a Mission and a set of core values.
Companies develop multiple strategies that implemente the Values
to realize their Mission.
I always wondered, 1) Is there any relationship between a
company's values and it's success? 2) Do a company's Values
impact other factors of success? 3) How do we measure that
impact?
Every company should have Values that increase and support
higher Productivity (P), Quality (Q) of product, quality of
workplace and quality of working. Every company’s Values should
also encourage and reward Creativity ( C ). The Values of every
company should serve as a primary fuel to fan the growth of the
‘company-employee’ social system. For Values to produce higher
Productivity and instill Creativity while upholding highest
possible and attainable Quality in the process, the Values need
to thrive in the air of honesty. Honesty in a company is synonym
for courage and is a measure of risk readiness and agility. I
define the Fuel Index as one that measures the sustainability
and agility of a company. Higher the Fuel Index the better a
company’s chances for a successful and sustainable leap from
good to great.
I suggest to list the company’s Values and rank each Value from
‘0’ to ‘2’ in regards to how the Value impacts the
“Productivity”, “Quality” and “ Creativity” (‘0’ means Value has
no impact on ). Also rank the values from ‘0’ to ‘2’ with
respect to the risk involved to implement the Value to achieve
higher Productivity, Quality and Creativity (‘0’ being no risk
involved in implementing that Value to achieve the goals).
Score (0 to 2)
VALUES P Q C R ----- -- -- -- -- ----- -- -- -- -- Total -- --
-- -- Average -- -- -- --
Fuel Index = (Avg R)[(Avg P)+(Avg Q)+(Avg C)]
The range of the Fuel Index is 0 to 12. If the Index is
0 to
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