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September, 2013

Business Culture: Do You Need It?

Successful companies enjoy long-term success not just because they have a competitive price, a desirable product, or dominant market share but because they have intentionally developed and fostered a winning culture.

Every company has a culture: some chaotic, many are political, others dysfunctional or confused. Those that are successful have winning cultures. If you want to compete successfully, the culture you develop in your business will impact your success, profitability and ability to perpetuate the business.

Sounds good but do you need a business culture to be successful? What is a successful culture? How do I develop one?

Check List
What is a successful culture?
Every organization has a “culture” so it is not something you can avoid. Culture is primarily the product of those leading the organization and, secondarily, those hired into the organization. Culture is the combination of the values, principles and practices of the organization and how . . . read more.

Regards,
Mike Brice
Phone: (206)226-1617
Email
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Feature Article

10 Ways to Build a Business Culture Like Apple

by Martin Zwilling, Contributor Forbes.com

Martin Zwilling offers 10 principles for busienss leaders of startups (or exisitng businesses) interested in developing a culture like Apple. Martin references work by Author Jim Stengel that chronicles a ten-year study of the world's fity best businesses, including Apple, who centered their businesses on a culture of improving people's lives had a growth rate triple that of competitors in their categories.

Here are the ten culture building principles.
  1. Communicate your dream and operationalize it.
  2. Be clear about what you stand for, inside and outside your company.
  3. Design your organization for what it needs to win.
  4. Get your team right and do it quickly.
  5. Champion innovation of all kinds.
  6. Set your standards very high.
  7. Train all the time.
  8. Do a few symbolic things to create excitement about what is important.
  9. Think like a winner, act like a winner.
  10. Live your desired legacy.
Read the full article for more information on how this information may apply to your organization.

Click here to read the complete article.
Note: Ask yourself the following questions.
  • Do you have a culture development strategy?
  • Do you measure the compliance of your organization to your culture goals?
  • Do you prioritize your business culture as an critical business straategy?

If you are looking for guidance on developing a culture development plan contact Mike to learn about the Executive Coaching services available from Brice Consulting for you and your organization.

Leadership Resources
Video(s): 
Culture: "Would I want to hang out with these people if we weren't forced to work together?" is a guiding barometer for the Zappos CEO..
The Importance of a Company's "Culture" (3:27 min)

Leadership: Management thought leaders share their ideas on what future leaders can't live without. Featuring: Angel Cabrera, Bill George, Daisy Wademan Dowling, Andy Zelleke, Batia Mishan Wiesenfeld, Evan Wittenberg, Dr. Ellen Langer, and Scott Snook.
HBR: The Crucial Skill for Tomorrow's Leaders (5:42 min)


Leadership: Four-star general Stanley McChrystal shares what he learned about leadership over his decades in the military. How can you build a sense of shared purpose among people of many ages and skill sets? By listening and learning - and addressing the possibility of failure.
Stanley McChrystal: Listen, learn ... then lead (15:39 min)


Articles:
Culture: The benefits of a strong corporate culture are both intuitive and supported by social science. Culture "can account for 20-30% of the differential in corporate performance when compared with 'culturally unremarkable' competitors."
Six Components of a Great Corporate Culture

Culture: The term "company culture" gets tossed around a lot. It’s usually synonymous with the idea of optimizing for happiness and creativity, by shucking traditional corporate values and supporting "hands-on contributor(s)" who "embrace and drive change."
The secret to a great company culture (Hint: It's not happiness or free food)


Culture: Company culture is important because it can make or break your company. Companies with an adaptive culture that is aligned to their business goals routinely outperform their competitors.
Company Culture: What It Is And How To Change It


Work Force: Myths about older workers. One, with fewer younger workers entering the workforce, businesses need to retain the workers they have in order to avoid being caught short-handed. And two, profit margins are shrinking every day so businesses need to use every tactic they can to be more efficient than their competitors. Keeping the unflappable, innovative, dependable older worker is one way to do so.
Older Workers' Strengths Can Make Them MVPs In The Office


Business Development: Most American business leaders remain uninformed about what diversity means to business, leaving them unable to inspire innovation in their diverse workforce and multiply the equity of their brands. 
America's Demographic Shift And 7 Ways Leaders Can Leverage It


Executive Exit Strategy: No doubt many CEOs who run public companies - especially ones (like Microsoft) that are under attack by large activist investors - often ask themselves when it's time to step aside. But CEOs of midsized companies, especially those who own their privately held firms, don’t face the pressure that Ballmer has had for years from journalists and stock market analysts urging him to resign.
Learning From Ballmer's Exit: How CEOs Can Know When It's Time To Go


Stress Management: If you think that stress in the workplace, employee engagement, and any other "soft" issues are secondary to the real focus of your business, think again. And if you think stress management is about breathing and relaxation, and that your wellness/healthcare vendor has it covered, please read this for the sake of your bottom line..
The Vital Link Between Resilience & Your Bottom Line


Leadership: For a team that goes above and beyond the requirements, you need to build a strong foundation.
To Be a Great Leader, Be a Builder


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