The Power of Culture
August 30th
Culture, more than rule books, determines how an organization behaves.
While it's easy for investors to get caught up in the rules and regulations of a company — the tangible metrics and guidelines — there's another, less quantifiable but equally crucial aspect shaping a company's actions and success: its culture.
The culture of a company is its underlying ethos that guides every decision, every interaction, every success, and failure. It's an intangible component that can't be measured but its impact is irrefutable. A healthy, positive culture has the power to propel a company to new heights, while a toxic culture can be the iceberg that sinks even the most promising organization.
As investors and leaders, our responsibility extends beyond monitoring financial reports and legalities, to actively shaping and nurturing the culture within our organizations. A strong, positive culture is the engine that truly drives a company forward.
So, in our pursuit of success, let us not overlook the importance of culture. It is in the intangibles where the true essence of an organization lies, and where, often, the key to long-term success is found.
Copyright © 2023 by Scott Sansovich