Lead with Values
Ready — In today’s fast-paced, profit-driven world, the idea of leading a business according to deeply held values can seem like a bold, even impractical, approach. Yet, David Green, the founder and CEO of Hobby Lobby, has demonstrated that business leadership guided by faith and principles can not only thrive but create lasting impact.
Set — Since its humble beginnings in a small Oklahoma garage in 1970, Hobby Lobby has grown into one of the largest arts-and-crafts retailers in the United States, largely because of Green’s unwavering commitment to his core values. David Green’s approach to leadership offers vital lessons for those seeking to lead with integrity in an ever-changing marketplace.
Values First, Always: From the outset, Green made it clear that his company would be guided by biblical principles. Hobby Lobby famously closes its stores on Sundays, a decision that many said would hurt the company’s bottom line. Instead, this policy created a culture of rest and respect for employees, fostering loyalty and high morale.
Lead with Generosity: Green’s leadership is characterized by generosity. He gives away the majority of his wealth to charitable causes and prioritizes fair wages for employees.
Stay Steadfast: Hobby Lobby faces pressure to conform to market norms. However, Green remains steadfast to his values, even under scrutiny and legal challenges.
Grow! — Successful leadership is not just about profits, but about purpose. By staying true to one’s values, leaders can build businesses that prosper and influence others.
Two Questions
What core values guide your own decision-making?
How do your employees, family and associates see these values lived out in your life?