Even if you don’t follow their stock price you need to understand this:
- Google’s stock close yesterday: $315
- Price on Aug 27, 2004: $108
- Highest price between: $714
- Source
- (Yahoo Finance has their 1yr target at $458)
Obviously there are many reasons for Google’s success. I want to highlight one critical factor underlying it which relates directly to your business – Google’s philosophy towards their people.
I have yet to see a business that isn’t dependent on people – even a sole proprietorship has one person driving the business. This idea of creating a [tag]workplace culture[/tag] and a [tag]winning organization[/tag] is critical to the rest of your success.
I noticed a post by the Corporate Genie pointing out something Google is doing in support of their culture which most people would likely think crazy in today’s business environment. I recommend you read it.
Bottom-line: Google was hiring a concierge service for their employees! Seems a bit expensive for today’s economy doesn’t it? Not if you know you will get more back from your people in [tag]productivity[/tag] than what you are investing for the service. That’s HC ROI; that’s real [tag]performance management[/tag]; that’s smart business.
