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GOOD COMPANY Frank C. Bucaro
MIAPPA 2009 Summer Conference July 14, 2009 Eagle Crest Conference Center Ypsilanti, MI
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GOOD COMPANY Be the organization that people want to work for, partner with, invest in and buy from!
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What is ‘good people’? Open Honorable Steadfast Non-judgmental
Responsible Unpretentious Supportive Caring Loyal Trustworthy Character Good reputation Uncompromising values
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Five Pillars to Be Good Company
1.Reputation 2.Trust and loyalty 3. Moral compass 4. Accountable leadership 5. Stewardship
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“ Business is a partnership of people creating, in many ways,
a better life for others as well as ourselves. If Aristotle Ran General Motors -Tom Morris
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“We are not disturbed by things, but by the view we take of them….
When we meet with troubles, Become anxious or depressed, let us never blame anyone but….. our opinion about things.” Epictetus - 60 A.D.
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1. Reputation Reputation is a reflection of the values you hold dear.
Can not build a reputation on what you are going to do.
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Moral Principles for Building Reputation
Put people first in decision-making. Respect for individual human dignity. Treat all fairly. Be honest.
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2. Trust and Loyalty (Customers, Investors, Public)
Top 3 reason why customers choose a business: Practice of business ethics. Employee professionalism. A reputable complaint record.
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People Want Two Things in Life
To belong To receive recognition
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You Need to Ask: How Will This Help Them… 1. Feel like they belong.
2. Feel significant. 3. Develop a unique identity.
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Social Significance Question
How do I fit in here?
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Four T’s Trust Time Touch Talk
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3. Moral Compass The moral compass is based on:
One’s values, i.e. code of ethics, mission statement, personal values Experience: what does it teach me? What have I learned? Desired outcome: setting the course
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The Problem Values we Profess disconnect Behavior we Demonstrate
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Two Questions to Ask Is this in line with our company’s objectives?
Will the decision result in the right thing being done for the customer?
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Decisions are Based on …
Intuition Experience Feelings External Authority
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4. Being Accountable Being accountable is more that just
begin responsible… …it means that you have the privilege of leading, not only by example, but by the consent of your people.
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Remember: It’s not about what you do, it’s about what other people do because you are there!
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Workplace Values Trustworthiness Unity Respect Justice
Service and Humility
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5. Stewardship Is what we do after we say we believe.
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Mindfulness Consider all implications of every decision you make!
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Your choice makes a difference.
Self Esteem Believe in you. Death is a part of life. Your choice makes a difference. Believe in others. Risk!
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What is ‘good people’? Open Honorable Steadfast Non-judgmental
Responsible Unpretentious Supportive Caring Loyal Trustworthy Character Good reputation Uncompromising values
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GIFT Each Person Each Day
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