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In this episode of the Leadership Excellence Podcast, hosts Dr. Tom Lawless and George Trachilis dive deep into the concept of True North values. True North values serve as a moral and operational compass, helping leaders and teams make decisions that align with the organization’s mission and vision.

Key Takeaways from the Episode:

1. What Are True North Values?
   • True North values are the fixed points that keep a company focused on what truly matters.
   • They represent the company’s purpose, direction, and integrity, helping teams stay aligned and energized.
   • George and Tom emphasize the importance of defining these values clearly to ensure they guide daily decisions and behaviors.
2. The Mission, Vision, and Values Trifecta
   • Mission: Why the organization exists (e.g., Toyota’s mission is “producing happiness for all”).
   • Vision: What the organization aims to achieve (e.g., Toyota’s vision is “creating mobility for all”).
   • Values: The principles that guide decision-making (e.g., Toyota’s pillars: respect for people and continuous improvement).
   • George highlights the critical role of action-oriented verbs like “producing” and “creating” to set the right mindset for teams.
3. Toyota’s Approach to Values
   • Toyota’s two foundational pillars:
     • Respect for People: Includes teamwork and respect for individuals, encouraging personal growth and collaboration.
     • Continuous Improvement: Involves principles like Genchi Genbutsu (go and see), Kaizen (improvement), and challenge.
   • George shares insights from his trip to Japan, where Toyota’s values were broken down into actionable components that leaders could easily apply.
4. Practical Applications of True North Values
   • Keep values simple and memorable—typically no more than 5-7 core values.
   • Align meetings, behaviors, and goals with these values to ensure they are lived daily.
   • George shares his example of introducing “respect for time” as a core value in a manufacturing company, which transformed how meetings were conducted and decisions were made.
5. From True North to Magnetic North
   • George proposes reframing “True North” as “Magnetic North”—a concept that reflects the natural pull leaders create to inspire and align their teams.
   • Magnetic North values act as a force that draws the organization in the right direction, creating consistency and momentum.
6. Implementing True North Values
   • Start by defining what your organization stands for, no matter what.
   • Turn values into daily behaviors and align all goals and decisions with those values.
   • Lead by example—leaders must embody the values they expect from their teams.
   • Constantly communicate, reinforce, and adjust as needed to ensure alignment.

Memorable Insights and Stories:

• The role of dignity, voice, and worth in creating a culture of respect for people.
• Lessons from Toyota leaders, including insights into how they prioritize gratitude and teamwork.
• The importance of going to the gemba (the place where work happens) to connect with teams, observe problems, and inspire continuous improvement.

True North values aren’t just static ideas—they are the foundation for creating a culture of accountability, respect, and continuous improvement.

Next Week’s Episode:

Join us next week as Tom and George explore the topic of Commit to Self-Development as a Leader. They’ll discuss why personal growth is essential for leadership success and how to build a habit of continuous learning.