Sense of Ownership

1658 Words Nov 3rd, 2010 7 Pages
Sense of Ownership

A sense of ownership is not necessarily owning company stock, but a feeling of ownership in the work process. As employees develop this sense of ownership there is an increased sense of pride, motivation and self-esteem. The long-term impact is increased productivity.

Generating a sense of pride can be a difficult task, however, it can be cultivated by developing a sense of ownership. Employees become much more attached to their work if they feel like a part of the process.

Participative management is a practical approach to getting employees to feel like they are part of the team that you want to build. A participative approach will ensure that employees feel like a part of the team, they develop a sense of
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"He involved his employees in decisions for the company, and he got them to care about what he was doing as much as he did."

Finally, remember the power of strong, supportive personal relationships. Just as family and friends create a meaningful personal life, supportive relationships at work make for a meaningful professional life.

"Create a positive work culture where you share successes, involve employees in decision making, have clear expectations and focus on what is right," Ulrich says. "When things work, celebrate and share successes, and when they don't, talk openly about what happened so you can improve."

Finally, one of the key factors the Ulrichs identified that makes a job more than a job is to not always take everything so seriously, an attitude companies such as Pixar Animation Studios and have won raves for. "Make work a place where your employees can demonstrate their personality," Ulrich says. "Have fun!"

Undeniably, such performers have an inherent inclination for hard work and commitment. However, that is not all. “Organisational upbringing” too plays a major role. It is the effort that a company’s management puts in developing qualities like leadership and a sense of ownership among employees that determines the commitment level of employees. Organisations that build an “ownership culture” where every employee equally shares failures and success have an effective
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