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The SPARK
to CTM Adam Smith
did not construct his theory on how he thought people should act, he
constructed his theory from observations of how they did act.
Instead of trying to change people, it is easier to embrace them for
who they are, and build a model that rewards them for their own
self-interest.
CTM provides management resources because workers
in well managed firms add more value per hour, which means companies
can afford to pay premium wages and still be competitive. Workers in
well managed firms add more value per hour, these companies can
afford to pay premium wages and still be cost competitive. Firms
that overpay become uncompetitive, and firms that underpay find that
their employees keep quitting.
An investment in
Human Capital is an investment in business much like educating a
child is an investment in their future. If your business is an
Organization that requires human capital to achieve its OLCs, than
you have to treat it like one, by investing in its education.
Understanding how to best manage
human capital, requires a basic understanding of how Human Capital is wired.
This is the key ingredient between creating an OLC and an OBLC. In
order to fix a computer that is not working properly, you need to know
how it is "wired". Understanding the psychological needs of
human capital is understanding how they are wired. If you did not
know how a computer was wired, would you try to fix it?
Understanding the six human needs that employees are faced with, allows you
to build your processes and functions of business in order to get
the most out of human capital.
To understand the six human needs faced by each
employee, we need to understand the makeup of a Critical Employee.
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