Culture refers to an organisation’s values, beliefs, and behaviours. In general, firms with strong cultures achieve higher results because employees sustain focus not just on what to do but also how to do it.
A culture can be what connects a diverse set of businesses and makes it into one company. GE consists of six very different business divisions – it unifies its company through its culture and values. But a common culture is not just important to a large, diverse organisation. Even if your business is small, you will still benefit from creating a set of culture and values that all of your team can recognise and follow.
In some cases an organisation’s culture is actually seen, rightly or wrongly, as an impediment to getting a new idea or business launched. Often, certain ways of working are considered taboo or things have failed in the past and so cannot be tried again. Engendering a culture which supports the goals of the corporation and empowers its people is an essential platform for growth. Being an attractive place to work certainly impacts a company’s performance.
A company culture is often treated like some overwhelming force of nature that no one can exercise any control over. In today’s fast-paced environment it is all too easy to focus on short-term goals and neglect to pay any attention to investing time into putting a culture in place that engenders the traits you want in your company and removes old and unwanted behaviours. At the end of the day, when we are talking about an organisational culture we are actually talking about changing the hearts and minds of individuals.
Steps to developing a business culture
- Start small, act big
Values are only helpful if they guide us when making choices in the ways that we deal with other people. For example, a very generic value such as ‘we value being ethical in business dealings’ is probably not that helpful in motivating people. It would be more useful to identify and give examples of ethical practices. When organisational members observe a leader making a personal sacrifice for a value, it sends a strong message that this value is important.
- Build trust
- Engender collaboration
- Inspire creativity
- Inspire action
Commit to having action plans at the end of every meeting and not just an action to plan another meeting. Understand the strengths of each team member and use him or her to their full potential. It sounds obvious but make sure you have people doing what they do best.
These simple techniques can help to develop the culture you want in your organisation, starting with your team and yourself. There are many business benefits of why having a culture of openness and empowerment will drive success for your company, but the real success will have to be discovered in your own business. Engage the hearts and minds and you will see the rewards.
Bruno Heese is commercial and business development director at GE Money Home Lending