Does work culture and corporate strategy align for most organizations? From our limited research the answer is no. Now a much larger research study conducted by Korn Ferry has proven our conclusion correct.
In the 6 Principles That Builds High Performance Team’s clinic case study, we explore an organization with high turnover and whose Board of Directors wants important feedback from a new cross functional team on how to stop the turnover hemorrhaging. The reason for this is that the company is unable to grow or implement growth strategies with high turnover.
We thought this was an important case study given today’s work climate and the short survey we conducted on LinkedIn. But, now a much larger survey was conducted by Korn Ferry (NYSE:KFY), a talent retention consulting company. Their global survey reported that the majority of respondents (72 percent) feel culture is extremely important to organizational performance. However, only 32 percent say their organizational culture aligns to a great extent with their business strategy.
“Omnipresent globalization, mergers and acquisitions, joint ventures and outsourcing make it imperative to bottom-line results that companies focus on identifying, aligning, and communicating a common culture. They must then cascade and integrate this culture across their enterprise; and then tie that culture back to business strategy.”
The survey also showed that despite the high-ranking in importance, only 25 percent believe they have identified and communicated their culture to a great extent and only 35 percent believe their employees are able to articulate their culture to a great extent.
The concept of organizational culture has never been more critical or more complex given that a high percentage of Millennials want to work in a cooperative and collaborative work culture.
The survey found that 31 percent agree to a great extent that their organizations have effective programs that align employee behavior and culture, and more than one-third (37 percent) agreed to a great extent that their company uses culture as a key lever for driving organizational transformation.
“Part of understanding organizational culture is learning how it plays out within different geographic regions or business functions while still achieving a common business goal,” said Korn Ferry Senior Partner Gabriella Kilby. “Often people look at differences within teams as a hindrance and feel the need to ‘accommodate’ others. We help companies leverage differences as assets, enabling leaders to form diverse-by-design teams that look at business needs differently, thus driving innovation and creating better outcomes.”
Again, Bingo. During the 6 Principles clinic we demonstrate a system and strategy that works with any team regardless of composition and membership qualities. We teach the importance of leveraging assets and how to do it in a very systematic and measurable way.
The next clinic is scheduled for November 18-20. As a TIGERS Den Member your coupon code for $100 savings applies here.
Do we offer a scholarship program? Yes. If you feel you want to attend but communicate your special needs to Dianne Crampton. Send her a note at email@example.com
Here Are Survey Results
There were more than 500 global respondents to the online survey, which was conducted from June 30 to July 14, 2014.
Culture Survey Results
|How important do you think culture is to organizational performance?|
|Not important||0 percent|
|Somewhat important||0 percent|
|Extremely important||72 percent|
|Have your organization’s leaders identified and communicated an organizational culture?|
|Not at all||10 percent|
|To a slight extent||21 percent|
|To a moderate extent||44 percent|
|To a great extent||25 percent|
|Are the majority of your employees able to articulate your organization’s culture?|
|Not at all||3 percent|
|To a slight extent||13 percent|
|To a moderate extent||49 percent|
|To a great extent||35 percent|
|Does employee behavior generally align with what your leaders say is your culture?|
|Not at all||2 percent|
|To a slight extent||14 percent|
|To a moderate extent||62 percent|
|To a great extent||22 percent|
|Does your organization have effective programs that align employee behavior?|
|Not at all||15 percent|
|To a slight extent||20 percent|
|To a moderate extent||34 percent|
|To a great extent||31 percent|
|Does your organization’s culture align with its business strategy?|
|Not at all||11 percent|
|To a slight extent||21 percent|
|To a moderate extent||36 percent|
|To a great extent||32 percent|
|Does your company use culture as a key lever for driving organizational transformation?|
|Not at all||18 percent|
|To a slight extent||19 percent|
|To a moderate extent||26 percent|
|To a great extent||37 percent|
Copyright TIGERS Success Series, Inc.