Emerging Markets Business Summer 2016 | Page 88

TOMO: THE UNIVERSAL SECRET TO HIGH-PERFORMING CULTURE AT A GLANCE More than a buzz term, corporate culture can determine not just employee performance, but company performance too. Such is its importance, research from Vega Factor reveals that 90% of business leaders view high-performing corporate culture as one of their most critical assets. Their research into what differentiates the highest performing companies from the rest, reveals six fundamental reasons why people work. If these fundamentals are all factored into a company’s culture, then “total motivation”, or “tomo” results – a phenomenon that constitutes the key to growth and sustainability in any market. WHY WE WORK: THE SIX MOTIVES Take a multibillion-dollar Middle Eastern telecommunications company for example. It set out to raise the performance of call center associates to the level of their better-performing in-store peers. Like many, the leadership assumed that better lifestyle and more money would do the trick, but our survey told a different story. The call center reps were underperforming because they felt less play and purpose in their work. These outcomes were consistent with what researchers found in almost 3,500 workers across seven languages and nine countries. We observed the same pattern among over 20,000 employees in a diverse set of industries, from multinational Fortune 500 companies and startups to hospitals and schools. Building on Edward Deci's and Richard Ryan’s groundbreaking work on self-determination theory, we identified six fundamental reasons people work. The Six Fundamental Reasons People Work Play, purpose, and potential are connected to the work itself, and as a result, encourage creativity, resilience and other performance-enhancing behaviors. Emotional pressure, economic pressure and inertia on the other hand, compel people to work for reasons unrelated to the job, and as a result, distract them from creating their best work. People are at play when they enjoy the work itself—not games or perks. They must have the freedom to experiment with different and potentially better ways of doing their work. One study found that people from over ten countries, ranging from Singapore to Brazil, valued self‑direction more than security, tradition, achievement and, in fact, all but one other universal value—benevolence. Purpose is when we work because we value the outcome of the work, and it is the second most powerful motivator. 86  Emerging Markets Business  Summer 2016 • Issue No. 1