Corporate culture is one of the key drivers for the success – or failure – of an organization.
A good, well-aligned culture can propel it to success. However, the wrong culture will stifle its ability to adapt to a fast-changing world.
Too often, buying and trying competitive products is frowned upon and even seen as a moral weakness. In many cases this can contribute to foster a monoculture mentality. Instead executives schould encourage competitive usage – and in some cases even make it policy.
Pay for products and services out of the company purse. Don’t rely on people to pay it for themselves. Just because you may offer employees a discount on your own products or services doesn’t mean that they can’t also be encouraged to try out the competition.
Think like a library and make sure competitive offerings get passed around to different employees, and aren’t just used by one person. Maximize the exposure and therefore the learning.
Hire curious people who seek out competitors and venture to the edges of your business to find the potential disruptors, trying out products and services that you may not see as current competitors but who may become ones in the future.
Have people formally or informally report on what they find so that others can gain the insights even if they didn’t use the competitors firsthand.
Backed up by concrete actions such as these, you can establish a culture where trying competitive products is not seen as the height of treason, but as loyalty. Living in a bubble is one of the biggest mitakes executives can make. You need to get real feedback, from the real world, including your competitors.
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Corporate culture – encourage competitive usage — http://www.torbenrick.eu/t/r/mwq
Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement and development, change management and turn-around. View full profile