Does your business success hinge on your organisational Culture?
Is your current organisation’s culture preventing your business from achieving its goals?
A strong organisational culture leads to lower staff turnover, which equates to lower hiring and training costs, higher productivity, better customer relationships, greater customer loyalty, lower marketing costs, and higher sales. These were the findings of a study by Harvard Business School professors emeriti James L. Heskett and John P. Kotter, which also stated that up to half of the difference in operating profit between companies is due to their organisational culture.
What makes a culture? Every culture is unique and myriad factors go into creating one. The SOAR Insitute have observed at least eight common components of great cultures. Isolating those elements can be the first step to building a differentiated culture and a sustainable organisation.
If you want to create a specific culture within your organization, you need to be precise and explicit about what that is. Otherwise, you get the default culture (whatever that is), which may not achieve optimum performance and results and therefore not be in the best interest of the business.
The act of creating the culture you want must be deliberate. There are eight key components to design and develop a strong organisational culture. These range from evaluating your current culture and its relationship to performance, to how aligned your culture is, to your strategic objectives. The SOAR Team will explore these components in detail, providing insight and practical application to how you can incorporate these components into building a powerful culture in your organisation.