The American economy that once thrived on manufacturing is in transition, and more and more itâs evolving into a digital-services economy. That means companies must adapt â or risk withering away.
âServices have become the key to an enterpriseâs success,â says Dushyant Sukhija, a former executive with Cisco Systems and author of âThe Cisco Way: Leadership Lessons Learned from One of the Worldâs Greatest Technology Services Companiesâ (www.theciscoway.com).
âYou just have to look at Google, Twitter, Uber and see how theyâre extending their reach, growing their business through new services.â
But itâs crucial for businesses to understand that a services economy is about people, he says, and the people who are key to making success happen are the managers and employees within the business itself.
âEmployees are the true intellectual capital of the company and that means businesses must invest in their people,â Sukhija says.
He suggests at least four ways businesses can âturn people into your secret weapon,â which is just one of nine leadership lessons outlined in his book:
⢠Align employees to a common goal. No organization works well if everyone is a maverick, going off in his or her own direction. Itâs important to communicate what the goal is and to make sure everyone is on the same page.
⢠Create a nurturing environment. Any business should want to motivate its employees to excel. One way this can be done is through rewards and recognitions, so that employees know that their hard work and efforts are appreciated.
⢠Harness employeesâ intellectual horsepower. Itâs important to get the most out of employees and that can be accomplished through helping them build their skills. Cisco, for example, used certification programs to train employees and promote personal growth. âThis wasnât just for our experienced people,â Sukhija says. âWe developed special programs to prepare our junior talent to become the Cisco workforce of the future.â
⢠Drive exceptional thought leadership. Itâs critical to hire the right leaders because so much else can hinge on how they perform. Sukhija says companies should look for people with a command and understanding of the businessâs mission; who have stellar reputations and ability to attract new talent; and who have the potential to grow to the next level of leadership.
âWhen products are a companyâs focus, itâs important to invest in research and development, and product innovation,â Sukhija says. âBut when it is services that drive a companyâs success, then the investment should be in people. Get them inspired, because inspired people make the difference.â