Why Build A Company Culture of Collaboration
A company culture of collaboration sounds nice, but what can it do for you and your business?
Our clients tell us they are experiencing a greater level of ambiguity and complexity than ever before. Business leaders say this means bigger goals and tighter budgets. Employees tell us this means higher expectations, an increased pace of change, and the need to do more with less.
Where can you get the leverage to keep up with today’s heightened business challenges so you can stay afloat much less thrive?
An Aligned Culture
For many organizations, the key to thriving is to build a company culture of collaboration, a way of doing things where employees work collaboratively across boundaries. This may mean significantly transforming the way you do business. In order to drive cross-functional initiatives forward, you may need to establish a culture of collaboration that will be better aligned with your strategy.
And Why Would You Care?
From a collaboration perspective, a recent study by at Babson College found that companies that promoted collaborative ways of working were 5 times as likely to be high performing. From a cultural perspective, Harvard Business School found that an effective culture can account for up to half of the differential in performance between organizations in the same business. Our own organizational alignment research found that workplace culture accounts for 40% of the difference between high and low growth companies.
Changing Culture is About Changing Minds
The process is not easy. It requires clarity of purpose combined with high levels of alignment, patience and perseverance. And it needs to start at the top.
You will know you are on the right path when all key stakeholders agree with the current situation, the problem you are trying to solve, and the implications of both success and failure.
The Bottom Line
Before undertaking the challenge of culture change, leaders must believe in its necessity, the difficulties involved and the vision of success. You need to believe that a culture of collaboration is critical to strategic success.
To learn more about how to build a company culture of collaboration, download Changing Corporate Culture: 4 Do’s and 3 Don’ts
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