Leadership Tip
A Banking Lesson
Last week marked the end
of the Cash for Clunkers program.
It has allowed people to trade in cars
for more fuel efficient models.
It has also increased sales
and employment for the auto companies.
By giving rebates to consumers
(or helping make deposits
into their bank accounts indirectly),
manufacturing productivity and
consumer confidence have risen.
According to Stephen Covey, author of
The Seven Habits of Highly Effective People,
we can employ a similar concept in our own lives.
When we make deposits into
other peoples' emotional bank accounts,
productivity and trust increase.
How do we do this?
Treating people with respect,
keeping our word, acknowledging others,
extending trust and offering support
are all ways to put deposits in others' accounts.
The more deposits we make,
the stronger the
relationship.
The stronger our relationship,
the more likely we
trust, communicate,
delegate effectively and ask for support.
As a result, our productivity and efficiency increase.
When withdrawals (or mistakes) are made,
the
relationship will not collapse.
Like your own bank account,
the higher the balance, the greater
the ability to make a withdrawal.
While you may not be shopping for a new car,
most
of us are always in the market for
more time and strong
relationships.
Leadership Tips Archives
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2005
13 is a Lucky Number for The Saints
Is Your "To Do" List a "Wish To Do" List?
The H1-N1 Virus is Not the Only Thing You Can Catch from Others
How Are You Punctuating Your Life?
What Do You and The President Have in Common?
How Much Static is In Your Communication?
Do I Need to Go to Oz to Get Courage?
What Can Cleaning Out Closets Teach You About Your Organization?
What Do Hiking and Meetings Have in Common?
What is in your Garden of Possibilities?
Are You on the Verge of Emotional Bankruptcy?
What Do Titles Have to Do With Success?
What Can Airport Restrooms Teach Us About Acknowledgement?
Seeing is not Always Believing
Newsworthy Ideas to Handle Anger
Trust =
CostWhat Can Men in Love Teach Us About Our Organizations?
The Boss Delivers a Powerful Message
What is Important "Why" and "How"?
