What is Spirited Economics™?

 


The basis of Spirited Economics™ is that employee spirit is a quantifiable corporate financial asset.

Switched-on employees create profit


Successful business leaders intuitively see that some important variables are left out of the standard economic model.  Spirited Economics expands that narrow model and treats employee spirit as an operating income that must also be factored into the bottom line.  Imagine how performance will improve if everyone understood that employee spirit is a P&L line item!

Spirited Economics™ is also based on the economic principle that self-interest is the primary human motive in economic activity. This means that employees cannot be superficially motivated and incentivized to deliver improved performance.  They must want to do this.   In this model the level of company and team performance is directly linked to the answer to these questions:

‘Are our employees working with spirit?’

‘Are they switched-on to the business goals?’
If the answer is  ‘Yes!’  this employee spirit will be measurably reflected in:

                                                                       Reduced Operating Costs
                                                                       Increased Productivity
                                                                       Higher Profit Margins
                                                                       Profitable and Innovative Decision Making
                                                                       Increased Employee Satisfaction
                                                                       Increased Customer Satisfaction
                                                                       Achievement of Strategic Goals
                                                                       Enhanced Revenue

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