As investors, we are outsiders, so when we hear from management that the company has an interesting opportunity in a new market or a plan to improve its market share, it can be tempting to think that company can make that strategic move effectively.
But whether or not that company can succeed is largely due to the weakness or the strength of the culture. Because here’s the important part: explicitly or implicitly, many new company goals, even those that are seemingly only product-oriented, actually require changing some part of company culture.
So, what do we mean by assessing company culture? In this conversation, we discuss attributes of strong and weak culture and why sometimes, a weak culture could be exactly what you want. I hope you enjoy it.
Coburn Ventures Podcast