What makes the most admired companies different?
Most companies say “Our people are our most important asset” – but few actually walk the talk. The research identified a success factor common to all the winning companies – that is, they actually believe this statement and demonstrate it through their actions.
Winning companies displayed a greater long-term focus than the losing companies. They understand that people are an asset, not an expense. If you believe people are assets, putting money into assets is not spending money – rather it is investing money. You invest money to get a return on your investment. If however, you believe that people are an expense – then in a recession you naturally try to cut expenses as much as possible. The proof is not in what you say, but in what you do.
