PBM Framework
Each of us has a responsibility to live by Our Values. When we do, we have the opportunity to self-actualize and create our own personal virtuous cycles of this.
What is Mutual Benefit?
People who are this type of motivated are self-aware.
What is Contribution?
Quadrant that is the expectation.
What is I?
Number of foundational values.
What is 8?
Can help discover their strengths and limitations, develop skills, and apply them in a way that increases contribution.
What is Feedback?
Should be optimally acquired, shared, and applied.
What is Knowledge?
Not contributing creatively.
What is Deficiency Motivated?
X-Axis
What is Talents?
Act with proper regard for the rights of others, especially regarding safety and the environment.
What is Stewardship & Compliance?
An individualized bundle of responsibilities and expectations.
What is Role?
Employees in a group can perform an activity at a lower opportunity cost than others.
What is Comparative Advantage?
People who are this are lifelong learners.
What is Contribution Motivated?
Quadrant I & II
What is Consistent with PBM Principles?
Profitably creating value by doing things in new and different ways.
What is Innovation?
At Koch, every employee is expected to apply PBM to get this type of results.
What is Superior?
Flexibility, Benefits, Technology, Incentives, Promotion
What are Motivations?
People who are this believe everything is a competition and have a win-lose or silo mentality.
What is deficiency motivated?
Values and Beliefs
What is Virtue?
Unchanged values from MBM to PBM
What is Integrity and Humility?
These can be generated by, among other things, competition from new technologies or products, unfavorable changes in consumer preferences or government interventions.
What are Headwinds?
Determine where and how, given our capabilities and available opportunities, the organization can create the most long-term value for customers and society.
What is Vision?
Being this helps you to recognize what you are and are not good at.
What is Self-Aware?
Quadrant Not Consistent with PBM Principles and Meets or Exceeds requirements for role
What is IV?
8 foundational values
What is Integrity, Stewardship & Compliance, Principled Entrepreneurship, Transformation, Knowledge, Humility, Respect, and Self-actualize?
Charles Koch's year of birth