Written by Ken Kaplan
Leveraging & Building Relationships Is Integral to Your Business’ Success
In the 19th century, if you had asked any company what their most valuable asset (MVA) was, the answer would have been pretty consistent: “Our equipment.” Why not? Through the first half of the 20th century, owners had more invested in their machinery than any other asset, including their people.
By the latter half of the 20th century, business dynamics had shifted. As salaries overtook equipment costs and the employees’ role changed from operator to enabler, people became the most valuable asset. Today, according to strategic business communications firm VP Legacies, “The skillset of employees accounts for 85 percent of a company’s assets.” The corporate mantra, “Our people are our most valuable asset,” has become so pervasive that few would dispute it.
Count me among the few.
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