Defy the Fade
Why Culture Matters
Jun 28, 2022
Mike Trigg, President & Portfolio Manager, and JB Horner, Business Culture Analyst, discuss the importance of culture in organizations, analyzing and quantifying it. They emphasize WCM's culture investment framework and provide examples of its impact. They explore the significance of adaptability and the challenges of change within organizations. Emphasizing the importance of authenticity and the mastery of all three culture pillars for success.
40:47
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Quick takeaways
- Culture alignment with strategy drives company growth and competitive advantage.
- Culturally strong organizations exhibit consistency, intensity, and a shared set of beliefs that shape decision-making and behavior.
Deep dives
The Importance of Culture for Business Success
Culture plays a pivotal role in driving the success and resilience of a company. The alignment between culture and strategy is crucial as it influences the day-to-day behaviors that contribute to a company's growth and competitive advantage. Effective cultures drive outcomes, maximize potential, and outperform competitors. Culturally strong organizations exhibit consistency, intensity, and a shared set of beliefs that shape decision-making and behavior. Adaptability is also key, as companies need to be aware of external changes, embrace a learning attitude, and adjust their strategies to remain competitive. Growth and change are natural, and companies must balance preservation of their core values with the need to evolve and adapt.
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