Have we lost our sense of ownership?
Shannon Whisnant
Shannon Whisnant
John Wood
BANKSY: ALL I REMEMBER WAS THE TREES
JEREMY BENTHAM
[ownership] ... is not material, it's metaphysical; it's a mere concept of the mind.
1748 - 1832
WILLIAM JAMES
A man's Self is the sum total of all that he can call his ...
1842 - 1910
JOHN LOCKE
... the fruits of one's labor are one's own because one worked for it.
1842 - 1910
THE IKEA EFFECT
a cognitive bias in which consumers place a disproportionately high value on products they partially created.
THE IKEA EFFECT
ENDOWMENT EFFECT
Kahneman, Daniel; Knetsch, Jack L.; Thaler, Richard H. (1990). "Experimental Tests of the Endowment Effect and the Coase Theorem". Journal of Political Economy. 98 (6): 1325–1348. doi:10.1086/261737. JSTOR 2937761
DANIEL KAHNEMAN
... people make decisions based on the potential value of losses and gains rather than the final outcome.
OWNERSHIP VS EXPERIENCE
OWNERSHIP VS EXPERIENCE
Have we lost our sense of ownership?
- frequently moving individuals from team to team
- not allowing them to gain a sense of ownership within their teams
- persuading individuals to take on leadership roles agains their will
- not making the prospect of new opportunities more attractive
- not instilling in our younger employees a sense of ownership
HAVE WE FAILED BY ...
- Roles
- Expectations
- Feedback
- Measurement
- Evaluation
- Rewards
- Recognition
- Consequences
WHAT CAN WE DO?
- Challenge
- Connection
- Caring
- Collaboration
- Opportunities
- Autonomy/Choice
- Meaning
- Fun
Accountability System
Ownership Environment
Have we lost our sense of ownership?