In Good Company with Nicolai Tangen Atlas Copco CEO: Culture, performance, mistakes and accountability
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May 22, 2024 
Mats Rahmström, the former CEO of Atlas Copco, shares insights from his seven-year leadership journey. He discusses the unique corporate culture that emphasizes high standards, accountability, and employee empowerment, which he believes drives success. The conversation dives into his biggest mistake, the importance of clear communication in a diverse environment, and the benefits of a consensus-driven Scandinavian leadership model. Rahmström also highlights how nurturing talent and timely communication foster a culture of improvement and high performance.
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Atlas Copco Culture
- Atlas Copco's culture sets high standards, emphasizing respect, punctuality, and ownership.
- This "no excuses" culture, combined with decentralization and accountability, fosters a results-oriented environment.
Continuous Improvement
- Foster a culture of continuous improvement by constantly questioning existing processes.
- Embrace curiosity and change, looking for better ways to do things, even when things are going well.
Transparency and Accountability
- Transparency in financial performance is key for accountability in a decentralized model.
- Atlas Copco uses 600 P&L and balance sheets monthly to benchmark performance and offer support or congratulations.