Why Culture is Key

Main Tag:
Culture

(Or why ‘the way we do things round here’ stops us from doing things around here!)

Culture exists in every organisation; it controls the way people act and behave, how they talk, how trusting they are, and most importantly, how effective they are at delivering results. It affects staff retention, brand perception and it affects performance. It is completely within the capability of the business to control and shape, yet we often hear people moan about how the ‘organisation’, or its management style prevents work from happening, and projects from succeeding. People complain of being demotivated, disengaged and that the life and energy is being sucked out of the business.

Culture = Innovation killer?

The latest report by Booz & Company called ‘The Innovation 1000 Study’, clearly supports the impact culture has on an organisation. It shows that the success of a company (or a function within a company) is not a matter of how much is spent on R&D, marketing or technology, but rather how they spend it. This study took into consideration two particular qualitie

  • Strategic alignment
  • Culture

Soft issues, hard results

The Booz study found that culture is the key to innovation success, and its impact on performance is measurable. It shows how 44% of companies who reported that their innovation strategies are clearly aligned with their business goals (and that their cultures strongly support those innovation goals) delivered 33% higher enterprise value growth and 17% higher profit growth on five-year measures than those lacking such tight alignment.

Addressing the cultural challenge

If you were to read any of my articles or attend any of my presentations you will notice that I talk a lot about ‘Culture’ and ‘mindset’, and its impact on an organisations capability to succeed. This report explains why.

The 2011 Booz & Co report on strategy and business is a must-read for business leaders, regardless of industry.

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Sean CuleyBusiness Transformation Expert (SCOR-P, FCILT)

Sean Culey (SCOR-P, FCILT) is a global keynote speaker on the topic of disruptive technologies and their impact on businesses, the economy and society. He is the author of 'Transition Point', a detailed look at the causes of technological disruption and the impact it has had on our society, and how the current wave of technological change - from robotics to AI - will completely disrupt our business models, economy and society at large.  Sean is also the author of numerous articles published in magazines such as Forbes, The World Financial Review and The European Business Review.

 

Sean is an expert at helping companies develop and deliver new customer centric business models, and he advises supply chain leaders on how to align their organisation to ensure they are executed successfully. He has 25 years of experience including six years as CEO of business consultancy ‘SEVEN’, and a decade working for Cadbury Schweppes, where he was the Global Design Authority on what was the world’s largest SAP implementation. He has developed a series of masterclasses about Disruptive Technologies and how companies can create new business models to exploit them.

 

Sean is also Visiting Fellow at Cranfield University and a Fellow at the Chartered Institute of Logistics and Transport (FCILT). He is also the UK’s only certified SCOR Master Instructor and a futurist for IBM Watson.

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