Price is celebrating its 75th anniversary throughout 2024, and our commemoration of this milestone will dedicate special attention to the 13 tenets of the Price Way. Each post in this blog series explores one of these guiding principles, giving our blog readers a closer look at its meaning.
In this post, we’ll be looking at what distributed leadership means at Price.
| Leadership comes in many forms; captured at Price’s plant in Winnipeg in the 1960s |
At Price, it is the responsibility of every leader to enable others to lead in their own right. Our goal is to institutionalize a leadership culture throughout the company.
There is incredible security in sharing in and building off the knowledge of others within an organization. This links back to our tenet of team, humility and “no ego” culture: leadership is an egoless position of doing what’s right for the company and for those we serve.
Rather than becoming decision-makers who operate independently with a command-and-control mindset, our leaders evolve to thrive within a fast, decentralized structure. This fosters an environment of trust over control, and the speed and energy of the resulting relationships propel the business forward.
Even our organization’s structure is designed to create leadership from within. Our company is made up of a network of product-focused business units, from GRD and Critical Environments to Air Moving and Noise Control. The leaders of those divisions become experts in their categories, with an in-depth knowledge of the products, market and inner workings of their teams. This unique structure speeds up our processes and keeps us close to our customers – allowing us to prioritize innovation, default to action and advance our business.
| Watch the video to learn more about the distributed leadership tenet! |
Across the entire organization, we are well positioned with a talented group of leaders, all with decades of runway in front of them and a passion for passing on what they’ve learned in the process. As Gerry Price says, “An army of leaders, based on distributive responsibility, accountability and trust, will always outperform an army with but one general.”