Dr. Robert Mauro of the Global Leadership Institute at Boston College shares his thoughts on creating values and developing skills for values-based management. Delivered as the keynote address at National Employment Week in Cork, Ireland
5. +
Take away for leaders?
Values exist in the establishment of
a sustainable state that persists
through its institutional structures
Right value at right time
7. +
Zappos
No formal values initially - CEO Tony Hsich knew
everyone
$184 M in profit – moves HQ to Las Vegas, Nevada
Hsich sees need to establish values – core of all great
companies
5 yrs.
8. +
Establishing Values
Values must:
Come from employees
Allow for change
Be meaningful and real for employees
Be integrated into HR hiring process
9. +
Instilling Values
Worked with employees to develop Zappos’s values
Established process to define team/employee expectations &
roles
7-weeks of training for call center operators
Rewards structure based on success of values
“Everyone is expected to show leadership…to self-direct their
work rather than managers telling them what to do.”
10. +
Take away for leaders?
Embrace drive and change
Be open-minded
12. +
Biogen History
Biotechnology company headquartered in Cambridge
Founded in 1982
1985: first venture funds; first drug INTRON (to fight leukemia)
1998: first profits for the company
Today: $9.7 Billion in revenue
Work primarily in MS, blood disorder, and stroke
13. +
Keys to Biogen Success
Start-up culture
Value in innovation
Entrepreneurial/creative environment
Employee empowerment
Superstar Lab Vertical Integration
• Research
• Development
• Manufacturing
• Distribution
14. +
CEO led focus
CEO George Scangos turned from VC funding
Focused on output instead of process
Worked on finding and knowing right employees
Culture of project management and detailed planning at all
levels of company
Created and empowered sub-teams to own projects
Allowed senior management to set priorities, make decisions,
facilitate action
21. +
GLI role within BC
Innovate
Develop new business paths for BC
Deliver executive program
Focus on excellence in leadership and strategy
22. +
Conflicting roles within BC
Global Leadership Institute
Entrepreneurial
Experiential
Opportunity driven
Boston College
Tradition-grounded
Classical education
Risk-adverse
Focus on delivering quality and excellence
Reflection key part of learning experience
Applied learning
25. +
Final Takeaways
1. Establish rules, responsibilities and
definitions to empower leadership
1. Keep rules flexible and permeable to
facilitate innovation in leadership
1. Recognize this difficult tension
1. Leadership is about the organization, not
the leader
Management must find way to negotiate need for rules and procedures without establishing impermeable values that create sealed cultures.
Considered employment of duplicity and bad faith, but not actually what meant. Tried to convey that manual as a guide for political behavior is untenable.
Politics subject to fortuna, and so actions must match fortuna to maintain state.
Advocated for right action at right time.
Tell story here – must add about Sicily
Shoe and clothing retailer founded in 1999
Process from no formal values to need to express them after lots of growth
Collaborative process in forming company values
How Zappos went about establishing formal values
To achieve this, Hsich sought to empower employees to act and to deliver. He established a holocracy that moved authority from managers to each employee
Stories of success after
“embrace drive and change” = values come from employees
“be open minded” = risking where making mistakes is encouraged