| Fuel Index ( A measuring stick for a companys success) | 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 companys values and its success? 2) Do a companys Values impact other factors of success? 3) How do we measure that impact?
Every business
should have Values that increase and support higher Productivity (P), Quality (Q) of product, quality of workplace and quality of working. Every companys 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 business
-employee social system. For Values to produce higher Productivity and instill Creativity while upholding highest possible and attainable Quality in the process, the Values absolutely need to thrive in the air of honesty. Honesty in a business
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 business
. Higher the Fuel Index the better a companys chances for a successful and sustainable leap from sizeably workable to dazzling.
I suggest to list the companys 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 |
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