The Industrial Age (Factory System 1850-1970)

The Participation Age(2000-?)

Vs.

Hallmarks ofThe Participation Age

Participation&

Sharing

(The New Normal)

Hallmarks ofThe Participation Age

Leaders(embrace participation & sharing)

Not Managers

(embrace authority & control)

Hallmarks ofThe Participation Age

Stakeholders(Adults Making Meaning)

Not Employees

(Children Making Money)

Hallmarks ofThe Participation Age

Everybody is:1) An adult

2) An owner (not always equity)

3) Results-based

Key Themes ofThe Participation Age1) Make Meaning, not just money – passion &

purpose, not just $$

2) Time is the new money

3) Employees become Stakeholders; Managers become Leaders

4) Participation Age Co’s make more money and have more longevity

No departments

No corporate ladder, no promotions

No HR department

No written policies, just beliefs

No Managers, just Leaders (no one “under” others)

No office hours (even manufacturing)

Unlimited vacation

Profit sharing for everyone

:

The Most Human of Questions?(Who, What, When, Where, How, or Why)

WHY The Most Forbidden Question

of the Industrial Age?

WHY

Why Is Culture So Important?Firms Of Endearment – Raj Sisodia

Want to make a lot of money? Build a great culture, not just a great product.

S & P 500 Ave. 10 Yr Growth - 122%

“Good to Great” Companies – 316%

Firms of Endearment – 1,025%

CULTURE Community

Complex/Slow

Who’s In Charge?

Who’s In Charge?

Who’s In Charge?

PARTICIPATION AGE CULTURE

Informs us how to behave

GREAT CULTURE:

A clear guide for newcomers

Increases our profits exponentially

Gives us stability and longevity

Makes Stakeholders come running

Eats strategy for lunch (Drucker)

Is the real bottom line

Beliefs/Principles ofThe Participation Age

1) We are all owners

2) We are all adults

3) We are a RESULTS-BASED Workplace

4) Titles, Hierarchy De-emphasized or eliminated

5) Results-based rewards (no bonuses/annual pay raises

6) Decisions made where carried out (above water line)

7) Time is the new money

Applying It To Our Business

What do you believe? . . . . . . . . . . . . .

About business?About people?About success?