How Different Views on Value Lead to Better Decisions

Most leaders I work with are clear on what they value personally. Fewer have stopped to ask what their business actually rewards when the numbers are under pressure.
In ethics, value denotes the degree of importance of a thing or action, with the aim of determining what actions are best to do or what way is best to live, or to describe the significance of different actions.
In economics, economic value is a measure of the benefit provided by goods or services to someone else. It is measured relative to units of currency, and the interpretation is based on the maximum amount of money a specific actor is willing and able to pay for the goods or services.
Over the last couple of weeks, I have been exploring value in the ethical realm. What are your core values and what do you value? Both are important things to be in touch with. Then I moved to what your team values, the things that matter most to them and whether you, as a leader, are aware of those.
This week I wanted to look at the economic side of value. Businesses need money to function, and the question for any leader is how you create value as an organisation, as a team, and for the people who work for you.
Value is measured in currency, but also in customer loyalty, brand power, and numerous other ways. I remember during my MBA the long conversations we had around customer lifetime value. Later, working for a bank, I watched announcements go out to close brick-and-mortar branches in favour of digital services. It was a tough lesson. A local branch serving the community is a good thing, but the majority of customers who use a branch are not high-value customers. They are mostly older people getting out for the day to cash pension cheques, or small businesses banking their takings. Closing the branches had a net positive value effect on the bank without disrupting high-value customers, and therefore added economic value to the share price. Much was made of the lack of ethical values in removing this fixture from various Kiwi towns, but that concern seemed to carry less weight in the final decision.
So is economic value the primary consideration for leaders? I would like to believe it should be balanced, but in most businesses money comes before people. Am I wrong?
The key to a post-COVID value proposition is one that meets a number of criteria. PwC published a helpful model (below) to think through the trends leaders need to be considering. The question remains whether organisations double down, pivot, or disappear only to be reinvented in a new form.
If you are a leader considering how you add value in 2021, take a look at this model and book an Unlock session. We can discuss where you are, where you want to be, and make a plan to get there.
If this sounds like your week
Your managers are not the problem. They are where the problem is stuck.
When your last leadership spend was signed off, did anyone go back to those managers' bosses and ask what changed? That question is the JBL Outcome Standard, and it is how I work.
- Find the friction. A short diagnostic that shows which decisions are stalling, and at what level.
- Am I the bottleneck? Ten questions on where your week is actually going.
- How I work with GMs. Six weeks, one hour a week, up to twelve of your managers, scored by their own bosses.
- Beat Burnout, Boost Performance. The book.
- The High Performance Leader podcast.
Managers I work with reclaim around four hours a week, and their bosses score the change 8.75 out of 10. Would it be a crazy idea to find out how we did this? Book a scoping call.
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Questions managers ask about this
How do personal and business values differ in leadership?
Personal values reflect what an individual leader considers important, while business values are about what the organisation rewards, especially under financial pressure. Leaders should recognise both to make better decisions that balance ethical considerations with economic realities.
What role does economic value play in business decision-making?
Economic value measures benefits in financial terms, like customer lifetime value or share price impact. It often drives decisions, such as closing low-value branches, even if this conflicts with ethical or community concerns. Leaders need to understand this to align strategy with financial sustainability.
How can leaders identify where decision-making is stuck in their teams?
Leaders should diagnose where decisions stall, often at the management level rather than with individual managers. Asking if they themselves are the bottleneck helps pinpoint issues. This approach focuses on understanding friction points to improve overall team performance.
What balance should leaders aim for between money and people in business?
While economic value is crucial for business survival, most organisations prioritise money over people. Effective leadership seeks a balance where financial goals align with the needs and values of the team, recognising that sustainable success depends on both.
Hear this discussed on the podcast
Episodes of The High Performance Leader that cover the same ground.

Jimmy Burroughes
FounderFormer British Army officer and corporate GM who has transformed 3,000+ managers into leaders across 30+ organisations. Creator of the Simplify to Amplify methodology, author of Beat Burnout, Ignite Performance, and two-time Global Recognition Award winner.
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