Defy the Fade Why Culture Matters
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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.
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Culture Definition Challenge
- Defining company culture is difficult, as its meaning varies widely.
- This lack of a clear definition makes it more challenging to assess culture's impact.
Culture Drives Outcomes
- Company culture significantly influences daily decisions and overall outcomes.
- Strong cultures boost resilience, helping companies navigate tough times and emerge stronger.
WCM's Culture Journey
- WCM's focus on culture stemmed from studying investment greats like Buffett, Munger, and Fisher.
- These investors emphasized people and qualitative factors within organizations.