#DrEricFlamholtz has written an article that pertains to every type of business owner entitled "O... more #DrEricFlamholtz has written an article that pertains to every type of business owner entitled "Overcoming Corporate Culture Myopia".
Two articles have appeared in the Wall Street Journal in the past week asserting that social dist... more Two articles have appeared in the Wall Street Journal in the past week asserting that social distancing will either harm or prevent corporate culture from surviving. 1 Unfortunately, these views (while likely well intentioned) represent a misunderstanding the nature of corporate culture, how it is created, how it evolves, and how it is sustained. Corporations with strong, positive cultures (i.e., Starbucks, Johnson & Johnson, Marriott and many more) and have existed for decades with employees spread out remotely. These companies and many more like them have thousand or even hundreds of thousands of employees spread out globally who operate in different national culture with different languages and customs. Nevertheless, they all have what I have termed "positive-functional cultures." A "positive functional culture" is one that is understood, embraced and practiced by at least 90% of employees. There are established methods of culture management that are and can be used to achieve a culture that is well-understood, embraced, and practiced daily. Some of these methods of culture management include: • Developing a formal statement of core cultural values, • Frequent communication of values using various methods, • Recruitment and selection process design to hire people who will embrace the organizations' core values, • New employee orientation programs to help people understand the company's culture, • Performance management system and related reward/recognition practices that are designed to motivate people to embrace the organization's core values and reinforce their behavior to be consistent with those values.
#DrEricFlamholtz has written a unique article entitled The Value of a "Leadership Molecule" in a ... more #DrEricFlamholtz has written a unique article entitled The Value of a "Leadership Molecule" in a Crisis. His framework. "The Leadership Molecule" has been shown to be linked to higher financial performance of companies. You can read about it here or visit www.mgtsystems.com for more information.
Congratulations! The good news is that your business has survived the Pandemic Crisis. The bad n... more Congratulations! The good news is that your business has survived the Pandemic Crisis. The bad news is that there will be another crisis, probably sooner than you might expect.
This article is about leadership during a crisis. It examines the leadership characteristics of U... more This article is about leadership during a crisis. It examines the leadership characteristics of Ulysses S. Grant and applies them to business organizations in the current Pandemic crisis. This was not the article I was going to write this week. Almost three months ago, I made a decision that my approach to dealing with the Covid-19 Pandemic was to try and make a contribution by drawing on my research and experience in leadership, coaching, and organizational development. This contribution was going to take two forms: weekly articles on Linkedin and writing a book on leadership during crisis. So far, I have done both. The book was completed two weeks ago, and yesterday I was preparing an article on culture. However, the terrible news of chaos both in the streets and in government changed my plans. I gave serious thought to not write anything this week.
#DrEricFlamholtz has written an article that pertains to every type of business owner entitled "O... more #DrEricFlamholtz has written an article that pertains to every type of business owner entitled "Overcoming Corporate Culture Myopia".
Two articles have appeared in the Wall Street Journal in the past week asserting that social dist... more Two articles have appeared in the Wall Street Journal in the past week asserting that social distancing will either harm or prevent corporate culture from surviving. 1 Unfortunately, these views (while likely well intentioned) represent a misunderstanding the nature of corporate culture, how it is created, how it evolves, and how it is sustained. Corporations with strong, positive cultures (i.e., Starbucks, Johnson & Johnson, Marriott and many more) and have existed for decades with employees spread out remotely. These companies and many more like them have thousand or even hundreds of thousands of employees spread out globally who operate in different national culture with different languages and customs. Nevertheless, they all have what I have termed "positive-functional cultures." A "positive functional culture" is one that is understood, embraced and practiced by at least 90% of employees. There are established methods of culture management that are and can be used to achieve a culture that is well-understood, embraced, and practiced daily. Some of these methods of culture management include: • Developing a formal statement of core cultural values, • Frequent communication of values using various methods, • Recruitment and selection process design to hire people who will embrace the organizations' core values, • New employee orientation programs to help people understand the company's culture, • Performance management system and related reward/recognition practices that are designed to motivate people to embrace the organization's core values and reinforce their behavior to be consistent with those values.
#DrEricFlamholtz has written a unique article entitled The Value of a "Leadership Molecule" in a ... more #DrEricFlamholtz has written a unique article entitled The Value of a "Leadership Molecule" in a Crisis. His framework. "The Leadership Molecule" has been shown to be linked to higher financial performance of companies. You can read about it here or visit www.mgtsystems.com for more information.
Congratulations! The good news is that your business has survived the Pandemic Crisis. The bad n... more Congratulations! The good news is that your business has survived the Pandemic Crisis. The bad news is that there will be another crisis, probably sooner than you might expect.
This article is about leadership during a crisis. It examines the leadership characteristics of U... more This article is about leadership during a crisis. It examines the leadership characteristics of Ulysses S. Grant and applies them to business organizations in the current Pandemic crisis. This was not the article I was going to write this week. Almost three months ago, I made a decision that my approach to dealing with the Covid-19 Pandemic was to try and make a contribution by drawing on my research and experience in leadership, coaching, and organizational development. This contribution was going to take two forms: weekly articles on Linkedin and writing a book on leadership during crisis. So far, I have done both. The book was completed two weeks ago, and yesterday I was preparing an article on culture. However, the terrible news of chaos both in the streets and in government changed my plans. I gave serious thought to not write anything this week.
There are many different facets of the harm and problems being caused by the Covid-19 Virus. I wi... more There are many different facets of the harm and problems being caused by the Covid-19 Virus. I will leave the health issues to the health professionals and deal with the economic and organizational ramifications.
The purpose of this article is to discuss how corporate culture can be a source of Alpha and exam... more The purpose of this article is to discuss how corporate culture can be a source of Alpha and examine how to manage your firm’s corporate culture to create “Alpha.”
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