Byron's Babbles

Owning It

One of the most important responsibilities of great leaders is to continually grow team members into owners, and at the same time convert “renters to owners by engaging and developing them to realize their potential and purpose. Gallup (2017) research tells us one of the most important things employees want is to have the opportunity to make a difference and grow professionally where they work. Taking ownership is an important part of this engagement.

By ownership I don’t necessarily mean monetarily owning. The owner mentality is one of commitment, individually and collectively, to a shared purpose. The metaphor of “renter” vs. “owner” was used in Gem #15 entitled, “Ownership Or Rentership” in 52 Leadership Gems: Practical and Quick Insights For Leading Others by John Parker Stewart . Stewart talked about the difference in the way we care for a rented house versus one we own. I think of the metaphor of a rental car versus the one I own. What’s the saying? “Nothing parties like a rental!”

We will know we have developed owners if they are always looking for ways to make the workplace increase in value. Owners are also always looking for others who can help increase the value of the workplace. Are you developing owners or renters?

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