Every week, we read stories of employees who, by violating corporate values, destroy their company’s reputation, assets, trust and goodwill. The following are recent examples: BP prided itself on a culture of safety. Yet, time after time, it appears rig personnel made decisions that increased the risk of a blowout to save the company time…
If your organization has not aligned its culture to its strategic focus, meeting goals and fulfilling potential is likely to be tough. Unfortunately, few leaders have figured this out or know how to do it effectively. Step One: To be at the top of your game, determine how you will compete in the market place….
Alignment between strategy, culture and infrastructure is critical. Indeed, it is the central definition of organizational effectiveness. This tip provides an easy- to-understand model and real-life example, showing how you can bring these three components together to achieve exceptional results.
Globally, mergers, acquisitions and alliances have increased at a rate of 25 percent a year and are frequently the growth strategy of choice for many corporations. The well-publicized failure rate of these moves is frequently caused by trying to squeeze one culture into another. Paradoxically, making individual business units feel valued for who they are encourages a more collaborative effort in achieving the organization’s overall vision.
Does culture have a real and tangible impact on the bottom line? You bet it does! This tip offers a business case for the economic impact of culture on revenue, stock price and ROI. Four factors describe what makes for a “right” culture.
What are the costs of having silos between departments? In this “tip,” we share ideas about why silos develop and how to tear them down.