As managers, we are managers of resources.
People, process, execution, money, and culture are key resources to manage.
People = human resource
Process = informational resource
Execution = action resource
Money = cash resource
Culture = behavior resource
Resources are used to gain more resources.
That’s the game of business.
People
People attract people.
People communicate information.
People convert information into action.
People generate cash.
People influence behavior.
Great people create more of all 5 types of resources. Bad people do the opposite.
Process
Process organizes information.
Process converts information into instructions.
Process defines and simplifies.
Process prioritizes.
Great processes create more time. Bad processes do the opposite.
Execution
Execution decides.
Execution converts instructions into actions.
Execution drives results.
Great execution management creates more money. Bad execution does the opposite.
Money
Money is the result of good execution.
Money keeps the business running.
Money acquires more resources.
Great financials create sustainable growth. Bad financials do the opposite.
Culture
Culture unifies people.
Culture creates purpose.
Culture inspires.
Culture creates consistency.
Culture creates focus.
Great culture creates a driving force. Bad culture does the opposite.
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