The right employees with the ownership mentality remains the fail-proof for organisations looking to scale the many hurdles inherent to the business landscape.
An ownership mentality is the conviction that one is responsible for the standard and result of their own labour.
Encouragement of this mindset among teams and individuals within the workplace can help to foster a culture where everyone feels valued for their efforts and is dedicated to the success of the company.
When imbibed, this mentality can increase employees' sense of commitment to their jobs in your organisation. They are not simply cogs in the machine, but rather partners in the success of the organisation. They are motivated to go the extra mile, take initiative, and solve problems creatively.
In this deck, you will learn how to help your organisation remain profitable and stay competitive with individuals with the right mindset – An ownership mentality.
You’ll also learn,
• How imbibing the ownership mentality can benefit your employees
• How your role as a business leader can foster an ownership mentality
• Ways to engender the ownership mentality among employees
• The impact of the ownership mentality on your employees and the overall welfare of your organisation.
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Cracking The Ownership Mindset Code
1. Cracking ‘The Ownership Mindset’ Code
Key Strategies To Build The Most Powerful Weapon For Business Success
2. Take complete ownership of
your outcomes by holding no
one but yourself responsible.
- Gary W. Keller
3. Organisations and teams that
inspire an ownership mindset,
where ideas are encouraged and
initiative is commended, are more
successful than those that don’t.
4. However, how do you train a mindset
of entrepreneurial thinking and
individual responsibility?
Click here to read: Cracking the Outsourcing Process Code
6. The ownership mindset refers
to psychological ownership,
i.e. taking accountability of
business outcomes and
feeling empowered to make
decisions that lead to those
outcomes.
7. Ownership-driven
teams take
responsibility for
tasks as they arise…
… and fostering this mindset can
be a significant contributor to
your organisation’s success.
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8. When your employee genuinely takes
ownership, they’re not only proactive in
knowing which tasks must be done, but
anticipate potential problems, and take
steps to resolve issues before they
escalate. They also take calculated risks
and think of thoughtful ways to advance
creativity or innovation.
9. For your organisation to achieve
this, you must create an
atmosphere that stimulates an
ownership mindset by providing
clear expectations, recognition for
employees who walk the talk, and
seek out opportunities for growth.
By doing so, you create a sense of
belonging and drive them to
achieve the ultimate goal.
Click here to read: High PerformanceTeamwork: Key to Business Success
10. 5 WAYS TO FOSTER
OWNERSHIP MINDSET IN
YOUR ORGANISATION
11. 5 WaysTo Foster Ownership Mindset InYour Organisation
Share your own mindset
Foster the right environment
Hire employees with
proactive track record
Set attainable expectations
Measure progress
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02
03
04
05
12. One of the most effective ways to help
your employees assume an ownership
mindset is to help them understand
your own mindset, i.e., what you think
about, how you prioritise, make
business decisions and solve
problems. Ensure transparence in how
you operate.
In addition, ask more questions and
give fewer answers;Thinking is a
developmental activity, and tough
questions stimulate thought.
Share your own
mindset
Click here to read: 5 Effective Leadership Principles for Your Organisation
13. When asking for feedback or
opinions, create an environment
in which your employees are
comfortable sharing them.
A leader’s defensiveness creates
apprehension and insecurity
among employees. Even if you do
not agree with their thought
process, ensure to ask questions
that lead them to an effective
conclusion.
Foster the right
environment
14. Although hiring proactively-
minded candidates can be
difficult, you can look for signs
of proactive behaviors and
accomplishments.
Be conscious of the language
choice, as proactive language
demonstrates an ability to
choose and take action.
Hire employees with
proactive track
record
15. Understanding the role expectations
is important for your employees to
work on meeting those objectives.
When establishing these
expectations, ask your employees
the steps they can take to achieve
these goals. This can help to ensure
you set expectations that are
reasonable and attainable for each
employee.
Set attainable
expectations
16. After setting expectations for your
employees, work closely with
them to monitor progress in
working toward those goals.
Measuring progress can help them
understand the areas where
they're meeting or exceeding
expectations, make necessary
improvements, achieve their
goals, and ultimately, take
accountability for their work.
Measure progress
Click here to read: A Complete Guide to Contact Centre Outsourcing in Nigeria
17. Benefits of Ownership Mindset
Ownership mindset improves
employee relationships. This
drives better collaboration and a
more positive work environment.
Improved Relationships
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Step 02
Step
03
Step 04
Step
Your employees are more
likely to be motivated and
engaged, driving increased
productivity and efficiency.
Increased Productivity
Your employees are more likely
to seek opportunities for
growth and development when
they build an ownership
mindset.
Career Growth
Ultimately, it leads to the
success of your organisation
as they will likely handle
organisation’s resources
with utmost responsibility &
diligence.
Organisation Success
18. Your team is vital to the big picture, but it’s up to you to instill that
accountability and passion.
Ensuring they adopt an ownership mindset has several benefits for the
team and your organisation. By encouraging a culture of responsibility,
empowerment, communication and accountability, employees can
become more satisfied.The key to doing this is empowering your team
to take responsibility for the outcomes and the decisions that lead to
these outcomes.
20. YOUR BUSINESS YOUR PEOPLE OUR FOCUS
=
Workforce Group
… We go above and beyond
21. What we do
We help organisations solve problems around:
Staff Payroll
Management
Performance management
support
Health insurance management
Executive, Experienced and
Graduate Recruitment
Staff onboarding and
training
Staff records
management
Leave and exit
management
Background
verification
Strategy Development and
Execution
Digital Learning Function Specific
Programmes
Leadership
Development
Digital Content Creation and
Conversion
Assessment and
Development centre
Occupational testing
and Success Profiling
Independent Contractor
Management
Assessor skills training
Professional Employer
Organisation
Employer of Record
Recruitment Process
Outsourcing
22. Workforce by Numbers
17
Year-old Startup
8
Businesses
120+
Consultants
20+
African Countries
8000+
Outsourced
Employees
1200-
capacity
Learning Facility
115+
Computer-based
test facility
250+
Clients
10+
Industries Served
36
States in Nigeria