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Building a Culture of Ownership: Unleash the Entrepreneur

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Happy Employee Ownership Month!

Even if your company doesn’t provide literal (monetary) employee ownership, that doesn’t mean you can’t build a sense of pride, commitment and psychological ownership within your team.

This month, we’re focusing on what you can do to help increase that ownership mentality within your organization by unleashing the entrepreneur inside every employee.

To illustrate the ownership mentality, I wanted to share a video clip of some of our employees here at SRC talking about what it means to be an owner (as you know, SRC is an employee owned company, but these comments aren’t about stock value or monetary rewards; they’re about genuine pride and commitment to a company they can help build with their day-to-day actions). When you get a chance, take a look at the video here.

In addition to the video, I wanted to share a “Top 5” list of ways you can increase ownership mentality in your company. Then, I ask you to provide some examples of how you build ownership at your workplace.

5. Recognize, recognize, recognize. A pat on the back (especially from your superior goes a long way).

4. Ask for the opinions of others and let them help in decision-making. We get buy-in from employees on all our major annual plans (called High-Involvement Planning).

3. Show respect for employees at every job-level. One of my favorite quotes, “I judge a leader based on the way they treat their subordinates.”

2. Teach employees how they can make an impact. Get their creative wheels turning with some basic Open-Book training.

1. Maintain a great company image. Nothing is better than hearing something good about your workplace and having that moment of, “Hey, I work there.”

How do you build a sense of ownership in your company's culture?

Topics: Company Culture

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About The Great Game of Business

Our approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business. What lies at the heart of The Game is a very simple proposition: The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the outcome. Let us teach you how to develop a culture of ownership, where employees think, act and feel like owners.