All the Credit goes to You...

We find the term “Credit” in finance (Taking the credit from a bank or financial institution) as well as in HR (Taking the credit for some work or achievement).

Some analogies—

Giving credit/Taking credit always pays good returns only if it is given to/taken from the right person at the right time.

There should be a balance between the assets (efforts) and liabilities (credits).

Effort=Asset, Credit=Liability

Considering above aspects 4 categories emerge-

1.Effortless Credit   Effort=Asset=0, Credit=Liability   Outcome=Liability

Effortless credit means without efforts taking/giving the credit. If a person takes the undue credit without efforts the outcome becomes a liability. So it is not desirable to give/take undue advantage of something in which no efforts are made.

2.Effort less (minus) Credit          Outcome= Asset-Liability

Putting efforts but not taking credit/Putting efforts and giving credit to others/Motivating for further efforts by not giving credit is this category. This always maintains continual improvement with sustainable competitive advantage for good managers.

3.Effortful Credit       Outcome= -Asset+Liability=Liability-Assets

In this all the efforts are put for taking/giving credit. It is not desirable as the resources are getting drained in taking/giving credit.

4.Effort full (plus) Credit   Outcome= Asset+Liability

Putting efforts and taking the credit for it. The moment we take/give the credit, the feeling of achieving the goal may come. People may get satisfied with the short term goal achievement. It may lead to complacence. But some people may take it as a motivation for achieving the long term big goals.

Let us put all our efforts to be in the 2^nd category or at least in the 4^th category.