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“How Should I Spend My Time?”. A guide to maximize your value to your organization April 2011. The Highest and Best Use.
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“How Should I Spend My Time?” A guide to maximize your value to your organization April 2011
The Highest and Best Use Highest and best use… (HBU) is a concept in real estate appraisal. It states that the value of a property is directly related to the use of that property; the highest and best use is the reasonably probable use that produces the highest property value. This use, the Highest and Best Use, may or may not be the current use of the property. HBU is a designation to identify an entity which would potentially have a higher value if used for a different purpose. In appraisals, an entity is assessed at its Highest or Best Use to maximize value and increase revenue. However, the value of an entity at its Highest or Best Use may not be greater than the value of an entity in its present use if remediation is required to convert the entity to a different use. http://en.wikipedia.org/wiki/Highest_and_best_use
For each person in your organization the goal is to: Maximize Value Increase Revenue And, that starts with YOU… What is your HBU? Are you fulfilling your HBU? What is the HBU for each member of your leadership team? Are they fulfilling it? TALENT and the HBU
Things I’m GOOD at ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Things I’m NOT so good at ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ The Lists
Things I like to do ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Things I DON’T like to do ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ The Lists
Things I like to do Things I DON’T like to do Things I’m good at “Your sweet spot” “Train others to do” Things I’m NOT good at “Personal Development?” “Get HELP!!
Duties & Responsibilities ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Key Accountabilities ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Identifying My HBUs
Duties & Responsibilities ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ ______________________ Key Accountabilities ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ Delegating My Non-HBUs Human • _____ • _____ • _____ • _____ • _____ • _____ • _____ • _____ • _____ • _____
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