We have all hear the term bottom line mentality. This is where all decisions in an organization are based on the bottom line, money. I am sure many of us have operated in such environments. Few companies admit to operating in this way; yet, if we are honest with ourselves nearly all organizations at some level utilize the bottom line mentality.

I am going to share with you an innovative idea that will change the way you do business. This innovation is taken directly from the way non-profit organizations operate. In place of a bottom line mentality use a values mentality. Think about that for a minute. A values mentality can have the value of making money, but that will be along side other values.

This is a new way of thinking that gives a new framework to base decisions on. Most organizations already have a set of values, uses those to assist your decisions. Sure one department of your company doesn’t make much money, but if it supports your values it can be worth keeping.

Benefits of a Values Mentality

1. Your employees will adopt and believe in your organization’s values.
2. Credibility is increased with your stakeholders because your actions match your words.
3. Your brand is enhanced.
4. It is possible that you may gain financially over long term as your company and your brand will have increased longevity.
5. The tough decisions are easier to make as you have a framework to aid you.
6. You can bring a benefit to someone other than you and your shareholders.
7. Even if making money is your number one value, you still have a broader outlook.

Take a tip from non-profit organizations, use a values mentality.

This entry was posted on Monday, October 22nd, 2007 at 11:30 pm and is filed under Quick Innovation Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.