Sustainable value creation cannot be created for only one group
The most successful organisations understand that the purpose of any business is to create value for customers, employees, and investors, and that the interests of these three groups are inextricably linked. Therefore, sustainable value creation cannot be created for one group unless it is created for all of them.
When broadly defined, value creation is increasingly being recognized as a better management goal than strict financial measures of performance, many of which tend to place cost-cutting that produces short-term results ahead of investments that enhance long-term competitiveness and growth.
As a result, value creation should be the first priority for all employees and all company decisions.
Culture is everything. The culture is the number one most important thing about a company. And the success of the company really depends on having the right culture and keeping it strong
Lori Fouché, CEO, Fireman’s Fund:
Culture is the glue that holds an organization together. It helps guide all the decisions, how you behave and act. You can pick whatever strategy you want but how you go about doing it is the difference between, oftentimes, success and failure
Steve Kaufer, Founder & CEO, TripAdvisor:
Culture is the style or the method by which the employees are working each day to fulfill the mission of the company
Dan Mead, CEO, Verizon Wireless:
Culture is the very core of what we do. It starts with integrity, earning the trust of customers and following through
Corporate culture is an incredibly powerful factor in a company’s long-term success. No matter how good a strategy is, when it comes down to it, people always make the difference. Not paying attention to culture undermines performance.
Organizational culture reading list – must read from HBR: Bring strategy to life Starbucks’ organizational culture is powerful because it is tightly linked to the company’s distinctive capabilities. The feel...