A Powerful Workplace Culture Matters
This workplace culture word cloud highlights the way many think of organizational culture – as a soft concept. Yes, organizational culture has to do with worker’s attitudes, beliefs, and behaviors, but it also can be seen as a “hard” concept. One that is paramount to high performance.
How We Define Workplace Culture
We define culture as how things truly get done in an organization based upon the way people think, behave, and work. A company’s culture includes the known and unspoken values and assumptions that drive key business practices and behaviors – especially in leaders and in who they hire, fire, and promote.
A Powerful Workplace Culture
When a corporate culture is strong and vibrant, it has an enormous impact on business performance.
Two Ways a High Performance Corporate Culture Can Affect Your Bottom Line
First, a Powerful Workplace Culture Culture Attracts Potential Business Partners
Beyond attracting talented individual employees, a powerful workplace culture is a magnet for new business alliances. Executives want to do business with companies that have a mission that matters backed by corporate values that both employees and leaders follow. Decision makers care that potential partners behave with the kind of consistency, integrity, open communication, accountability and growth mentality that signals a healthy culture.
Second, a Powerful Workplace Culture Engages and Retains Top Talent
When you have employees who live the company values and are committed to the company’s mission and vision, they are typically more engaged employees and less likely to leave. There is less spent on recruiting and hiring, productivity is higher due to high discretionary effort, customers are better served and more likely to stay, and, accordingly, sales and profits are better.
Three Steps to Build a Powerful Workplace Culture
To build an organizational culture that attracts and retains great employees:
The Bottom Line
Businesses that want to grow should take a close look at not only their go-to-market strategies, but also their work culture. Strategies must go through culture to be executed. Powerful workplace cultures make up 40% of the difference between success and failure.
To learn more about getting the most out of your organizational culture, download Do You Have a High Performance Culture to Drive Your Strategy?
Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.
Want to know how you stack up against leading organizations? Receive a complimentary benchmarking analysis courtesy of an LSA Expert.
Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.
First we identify the key metrics you want to improve. Then we assemble a dedicated team of elite experts who have successfully solved similar problems with similar clients.
Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.
Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.