Winning CulturesWhy would you spend time on Culture?
Companies that have held strong to their core culture and values have sustained during this economic challenge. Your business strategies may change, especially in times like these, but when your culture and values remain standard you have a higher rate of success.
In Corporate Culture and Performance, John P. Kotter and James L. Heskett show that companies with strong adaptive cultures, based on shared values outperformed other companies by a significant margin. Over an eleven-year period:
Companies that emphasized shared values with all their stakeholders grew four times faster
These companies had job creation rates seven times higher
Stock prices that grew 12 times faster
Profit performance that was 750 times higher
Culture is the fundamental driver of operational and financial performance.
If you can measure it, you can manage it.
The mystery for many companies is how do you get your arms around this thing called culture. TEAM Performances has found success in using the Barrett Values Centre Cultural Transformation Tools® (CTT) as a set of measurements for mapping values, quantifying cultural capital, and implementing cultural transformation started in 1997. The tools have been used to map the values of 1000+ organizations in 59 countries. TEAM Performance utilizes the Cultural Transformation Tools® assessments to provide a strategy and roadmap for continuous improvement.
In 2000, a noted Australian Bank used the Barrett Values Centre CTT assessment to understand its current values and to begin work on a program of cultural transformation. Between 1999 and 2004, the level of employee satisfaction rose from 49% to 85%. The shift in values was accompanied by a significant improvement in shareholder value and profitability.
TEAM Performance can come to your office and perform a Cultural Values Assessment and work with you to create, implement and manage a customized plan of action. We measure the degree of alignment or misalignment between the personal values of the employees with those of the organization; then measure the current organizational culture against the desired organizational culture. TEAM Performance can also measure the consciousness and map the values of different staff levels, departments, locations, and regions or determine demographic differences.
TEAM Performance can also train your internal consultants or human resource managers to become certified using the Barrett Values Centre Cultural Transformation Tools® and assessments. We provide the CTT Part 1 and CTT Part 2 Certification on-line or live. The online course offers the benefit of reduced environmental costs of travel and the ability to be trained from your home or office.