All entries for Saturday 28 April 2012

April 28, 2012

Is people indeed the most valuable asset of a company?

I know that intangible assets, like people, are not a big part of this module. Of course tangible assets like buildings, equipment and so on need a lot of attention and specific plans to be managed successfully. However, there was a general discussion towards people management at the end of the module.

In the previous module that I attend, the tutor asked who believed that people are the most valuable asset of a company and most of us answered positively. Nevertheless, she stated that it's not people. It is great people who are the most important asset of a company! And actually it's makes sense!

The problem is that for a company is almost sure that not all its people are great. Maybe the majority of them, but not all. Thus, a company has to do the best it can with what is has. It's not easy; rather it's challenging. But if a company has more great than good people, then it is highly likely that it's in the right track.

"Good is the enemy of great"


Commitment or engagement?

In this MSc program it is common practice to work in teams. And of course this practice represents how companies work to a large extent. So far, I've been working with most of my colleagues and sometimes things run smoothly whereas other times are more problematic. But what we experience here is like a 'miniature' of the real world. Most of the times you don't have the luxury to choose your team. Instead a team is assigned to you! And if happens you to be the leader, you need to make sure that team members are commited and actively involved. But in order to have the best results possible, engagement is essential. Just have a look at the picture. All people need to bring the letters to make the word, and not just sitting and watching others do everything. Not only because other members may put more effort on the common task (which is very important), but also for having a common sense of ownership.

Linking this idea to knowledge and asset management, team work is vital for these tasks as well. Either if it is KM or AM, all employees in a company need to be engaged, not just committed. Because the activities involved in managing knowledge and assets cannot be owned by a single person. They require team work.

Of cource commitment is paramount and the first step for good results, but engagement can bring excellence.


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