
The economy of any civilization is the system whereby resources of value are exchanged. These resources can best be divided into three categories: compensation, product, and culture.
The economy of compensation is the exchange of currency or benefits you offer to your employees in exchange for work. The rates at which you compensate your employees will affect all other components of your work civilization. Turnover. Morale. Effect.
The economy of product is the exchange you make with your customers. This includes the sum of all that goes into creating your product or service, including technology and employee knowledge. When another company can duplicate your technology or you loose an employee to another company, you lose a piece of your economy.
“Trust is the most valuable economic currency in your civilization.”
The economy of culture is a form of exchange between one employee-or group of employees and another employee-or group of employees. For example, if an employee requests personal time off, a manager may put a condition on granting the request to gain something in return. A similar exchange occurs when an employee offers to help another in exchange for the promise of later help.
As a leader you must be aware of the economic system working within your civilization. Are your products and services valued by your customers, and increasing in value? Are there healthy exchanges going on between employees? Are there unhealthy exchanges within your civilization? Are there employees wasting valuable labor time, defying quality procedures, providing your customers marginal service? Does the culture tolerate their poor performance or demand the best? The more you are aware of the economies within your civilization, the better you will be able to lead your culture.


