Vision and Value Creation
This dimension helps guide individuals by focusing on long-term value creation rather than short-term gains.
What is Vision?
PBM emphasizes sharing this resource to drive innovation and transformation.
What is Knowledge?
This principle encourages individuals to focus on their best opportunity to contribute.
What is comparative advantage?
In PBM, individuals find success when their work creates this for themselves and others.
What is mutual benefit?
PBM is based on these time-tested, universal truths that have guided long-term human advancement.
What are principles of human progress?
This principle states that every person has unique abilities contributing to organizational success.
What is "Everyone has a gift"?
PBM focuses on long-term success by empowering individuals through this process of continual transformation.
What is entrepreneurial discovery?
Informal networks in PBM where people share ideas and insights are referred to as this.
What is Republic of Science (or knowledge networks)?
Clarity in roles and responsibilities in PBM is achieved through defining these.
What are decision rights?
Viktor Frankl suggests that people need this, beyond material means, to live a fulfilling life.
What is meaning?
This principle focuses on treating each person with respect, ensuring their rights are acknowledged.
What is dignity?
PBM encourages hiring individuals who have this motivation focused on contributing to others’ well-being.
What is contribution motivation?
In PBM, individuals should aim to become this preferred type of partner, creating mutual benefit.
What is a preferred partner?
This principle refers to the fact that no one person holds all the information necessary for decision-making.
This economic principle, central to comparative advantage, refers to the loss of potential gain when choosing an option.
What is opportunity cost?
The most effective form of compensation in PBM rewards people for this, rather than arbitrary standards.
What is total contribution (value creation)?
PBM emphasizes individuals acting entrepreneurially, a mindset referred to as this.
What is principled entrepreneurship?
According to PBM, a supervisor’s key responsibility is helping their team members do this.
What is self-actualize?
This natural phenomenon leads to disorganization if not countered by transformation in PBM.
What is entropy?
In PBM, this type of discovery helps test ideas and drive learning through trial and error.
What is experimental discovery?
Effective teamwork in PBM relies on understanding each team member’s unique strengths, often called these.
What are gifts?
This type of analysis helps individuals focus on what motivates them by comparing the additional benefit of one choice over another.
What is marginal analysis?
This type of exchange, central to PBM, ensures that all parties benefit from transactions.
What is voluntary exchange?
PBM emphasizes treating each person with this, meaning respect for their intrinsic worth.
What is dignity?
This economic concept refers to old practices being replaced by innovative ones, crucial to PBM.
What is creative destruction?
Objective criteria in PBM that assess whether actions are achieving their intended outcomes are called this
What are reality-based measures?
In PBM, decision-making authorities must adapt to the context and flow to individuals with this.
What are decision-making authorities?
In PBM, individuals find long-term success by pursuing this personal goal, which helps them use their unique gifts.
What is self-actualization?
This principle occurs when individuals working together create more value than they could alone.
What is mutual benefit?
PBM promotes a bottom-up culture of innovation through this form of naturally arising organization.
What is spontaneous order?