To download a printable version of this transcript, click here.
iQuestions Faculty, John D. Beckett
Question:
How do I manage trade off between performance and buy-in in a
organization?
Answer:
You know, there is often a tension between a person’s commitment to
an organization and their performance.
Jack Welch, the former attorney of General Electric, used a great
illustration, using a matrix with performance on one axis and buy in on
the other, and in the first quadrant on that matrix, if a person didn’t
buy-in and they were a poor performer, they were gone from the
organization.
On the other hand, if they had strong performance, but really weren’t
buying into the organization, he said, “That person’s tactically gone.
It’s just a matter of time.”
But look at the person who may not have all of the performance, but
they really are committed to the organization. He said, “We’ll work
with that person, and develop them.”
And of course you have the fourth quadrant, where you have
somebody who is simultaneously buying in but also a strong
performer. Those are the people who are your rising stars, and that
you can build the future of the company on.
To download a printable version of this transcript, click here.
Related Videos
How important is character in the hiring process and how does one spot it?
Watch John Beckett's Answer
How do I create a business culture that builds people up and helps them reach their potential?
Watch John Beckett's Answer
How do I find balance between short-term vs. long-term goals?
Watch John Beckett's Answer