The advantage of giving your people ownership

The video discusses the importance of shared ownership in service companies, particularly creative businesses. It highlights the benefits of sharing company ownership, such as improved growth and resilience. The company has a global network of partners who own part of the company and have a say in its operations. Becoming a partner is a key milestone, reflecting one's contribution and leadership within the company.

What is one key advantage of sharing ownership in a company, according to the speaker?

• It increases the company's tax obligations.

• It complicates decision-making processes.

• It makes the company more competitive.

• It reduces the number of employees.

How does having partners affect a company's ability to handle economic downturns?

• It helps the company withstand bad times.

• It has no impact on the company's stability.

• It makes the company more vulnerable.

• It leads to increased financial losses.

What is a significant milestone for individuals in the company, as mentioned by the speaker?

• Transferring to a different department.

• Receiving a salary increase.

• Becoming a partner in the company.

• Completing a training program.

What does becoming a partner in the company signify about an individual?

• They have completed their probation period.

• They are fully fledged members of the company.

• They have reached retirement age.

• They are eligible for a bonus.

According to the speaker, what qualities do new partners demonstrate?

• A high level of technical skills.

• A strong financial background.

• A long tenure with the company.

• Leadership and future potential.