The following article originally appeared in the May newsletter to clients of Kiley Advisors, LLC. Reprinted with permission.
“Culture eats strategy for breakfast.”
That statement, attributed to the late Peter Drucker, Founding Dean of the Management Consulting Profession, is never truer than at this very time. Only companies with strong, value-based, magnetic cultures will be the big winners in the business environment that is becoming more evident every day. There is an intense war for talent, and there is a relentless march of technology. Smart companies will have smart people empowered with smart technologies, working in teams, to achieve superior performance targets.
So what are the elements of a culture, in light of both the present and the future market conditions, that are proven to attract, retain, develop and excel? Valid research is now confirming the building blocks. First, winning cultures are based on values that stem from deeply held core beliefs about the value of people, the treatments of clients and all building partners, and the obligation of the company to the industry and community. Read more » about Is Your Culture a Magnet?