The Right Culture Gets The Rights Results
It’s not just our intuition — there is growing proof that the right culture can have a significant positive impact on your bottom line. So if you are hoping to increase people and business performance, assess the culture at your organization.
The Definition of Corporate Culture
We define corporate culture as how things truly get done on a day-to-day basis. It can be measured by understanding the way people think, behave, and work. It can be seen in the words and deeds of leaders, in organizational practices and processes, and in relationships with colleagues, customers, and partners.
The Right Culture Research
The Correlation Between The Right Culture and Business Performance
More leaders are learning about the strong correlation between high performance corporate cultures where employees are productively and satisfactorily engaged and the financial returns of these companies.
The question is: What is it about these great places to work that keeps their employees happy and committed to them?
In other words, what does the right culture of high performance look like?
Four High Performance Culture Factors
Here is what we have found are the factors that support a high performing culture where workers are fully engaged and challenged:
You will know you are on the right path to high levels of leadership trust when employees have confidence that leaders are setting the right direction, willing to make the changes required to succeed, following through on decisions, and are effective at building trust-based relationships.
You will know you are on the right path to high levels of organizational trust when employees have confidence that the organization as whole is on the path to success, focused on the right priorities, and is truthful and honest with all internal and external interactions.
Make sure that your Corporate Vision clearly articulates what you hope to become, your Company Mission outlines your organization’s core business and fundamental purpose, and that your Corporate Values reflect your fundamental beliefs and critical decision-making filters.
When the company leadership exhibits and values desired behaviors, they will more easily cascade down through managers to teams and to team members.
Conversely, under performers (in terms of results and behaviors) should be helped to improve or to move on in a timely and compassionate manner so you can consistently maintain high performance standards.
The Bottom Line
Don’t underestimate how the right culture can make or break your company’s business and people success.
To learn more about creating the right culture for your unique strategy, download How to Build a High Performance Corporate Culture Whitepaper
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