Visionary companies don't just talk the talk—they create concrete mechanisms that affect the daily lives and decisions of employees.
- [Narrator] Blink number nine. … Visionary companies don't just talk, … they take concrete actions to implement their values. … While many companies claim to adhere to idealistic values, … encourage experimentation, or embrace constant progress, … very little is seen in practice. … The visionary company studied on the other hand, … managed to translate their values into reality … by creating concrete mechanisms that affected … the daily lives and decisions of employees. … 3M did not merely say, we want our employees … to be more innovative, instead it … implemented several mechanisms to encourage this idea. … One example was allowing employees to use 15% of their time … on pet projects and dictating that 30% … of each division's annual sales must come … from products less than four years old. … Likewise, visionary companies did not merely talk … about constant improvement, rather … they created mechanisms to ensure it. … Walmart, for example, spurred constant growth … with so-called beat yesterday ledgers, which were used …
Released
3/4/2019
Share this video
Embed this video
Video: Concrete mechanisms