stock repurchase announcements: a test of market ... - Asbbs.org
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Spiritual Dimension ..Biblical Perspective<br />
to anyone—except for your obligation t o love one another. If you love your neighbor, you will<br />
fulfill the requirements <strong>of</strong> God’s law” ( Romas 13:8). “Fools think their own way is right, but the<br />
wise listen to others (Proverbs 12:15).<br />
Measurement, Analysis, and Data Management<br />
Data and information are the forces that driv e quality excellence and <strong>org</strong>anizational performance<br />
(Evans and Lindsay, 2008). One Boeing m anager once noted t hat the data will set y ou free<br />
(Useem, 2000). Knowledge is the fundam ental build ing m aterial that helps t he <strong>org</strong>anizati on t o<br />
sustain a competitive advantage. “All <strong>org</strong>anizations have it, but most don’t know what they know,<br />
don’t use what they do know, and don’t reuse the knowledge they have” (Harrington, 2003; cited<br />
in Evans and Lindsa y, 2008). “My pe ople are d estroyed for lack <strong>of</strong> knowledge” (Hosea 4:6).<br />
Because they have no knowledge, even honorable m en are famished (Isaiah 5:13). But the fear <strong>of</strong><br />
the Lord is the beginnin g <strong>of</strong> wisdom and knowledge (Proverbs 1:7; 9:1 0). “God gives wisdom ,<br />
knowledge and wisdom to those who please hi m” (Ecclesiastes 2:26). “And you will know the<br />
truth, and the truth will set you free (John 8:32).<br />
Wise people treasure knowledge (Proverbs 10:14). “Wise words satisfy like a good m eal; the<br />
right words b ring satisfaction (Proverbs 18:20). Inde ed, it is “wonderful to be wise, to analy ze<br />
and interpret things” (Ecclesiastes 8:1). Wisdom an d knowledge will provide stability f or our<br />
times (I saiah 33:6). The <strong>org</strong>anization must therefor e <strong>test</strong> and exa mine its wa ys (Lamentation s<br />
3:40) and use data and knowledge assets to achie ve its key business r esults and strategic objectives.<br />
Data and inf ormation should be used carefully for with the same measure that we u se, it<br />
will be measured back to us (Luke 6: 38). Know ledge about be st practices o ught t o be s hared<br />
among others performing similar jobs. The benefit can be tremendous not only for the recipient <strong>of</strong><br />
such knowledge but also on the sharer <strong>of</strong> the knowledge himself. “Give, and it will be given unto<br />
you: good measure, pressed down, shaken together, and running over will be put int o your bosom”<br />
(Luke 6:38). If we are willing, God will put His instructions deep within us, and write them<br />
in our hearts” (Jeremiah 31:33). Process i mprovement requires new knowledge t o result in better<br />
processes and procedures (Evans and L indsay, 2008). “I know all the things you do. I have seen<br />
your love, your faith, your service, and your patient endurance. And I can see your constant improvement<br />
in all these things” (Revelation 2:19).<br />
Workforce Focus<br />
Quality <strong>org</strong>anizations help their wor kers to unde rstand their role in the <strong>org</strong>anization and enable<br />
them to do their best work. Workers who are valued, who understand the importance <strong>of</strong> their job,<br />
and who have the freedom and the tools needed to do t hem will be committed and m otivated to<br />
do great work. The Bible exhorts all em ployees to work with enthusiasm as though the y were<br />
working for the Lord rather than for peo ple (Ephesians 6:7). They should work hard so that they<br />
can present themselves to God and receive His approval, to be a good worker, one who does need<br />
to be ashamed (2 Timothy 2:15). All are God’ s workers (1 Corinthians 3:9). No one should think<br />
that he is better than he really is (Romans 12:3) . “Let y our light s o shine before men, that t hey<br />
may see your good works and glorify your Father in heaven” (Matthew 5:16). Workers who protect<br />
their employer’s interests will be rewarded (Proverbs 27:18).<br />
In quality <strong>org</strong>anizations, leaders get th eir workers involved i n a vigoro us program <strong>of</strong> the education<br />
and self-improvement. They remove barriers that rob their workers <strong>of</strong> their right to prid e in<br />
workmanship. They recognize that everyone wants to do a quality job. This is where the concept<br />
<strong>of</strong> service becomes paramount. “For even the Son <strong>of</strong> Man came not to be served but to serve others<br />
and to give His life as a ransom for many” (Matthew 20:28). And for the workers, the admonition<br />
is “If your gift is ser ving others, serve them well” (Ro mans 12:7). Quality <strong>org</strong>anizations<br />
promote team building. The synergy developed within effective teams in terms <strong>of</strong> rel ationships,<br />
ASBBS E-Journal, Volume 4, No.1, 2008 137