Research suggests that over 30% of mergers fail because of culture incompatibility, and a lack of consideration and attention being given to the merging or transformation of the cultures.
There are a number of studies that exist on how company culture affects performance and even stock returns. For example, The Harvard Business School completed a landmark study in 1992 highlighting the benefits of a performance-driven culture.
Despite the recent publicity about the world famous Zappos workplace culture being potentially under threat due to its adoption of Holacracy, I still rate Zappos as having a High Performing workplace culture, and that Holacracy will in fact only make it stronger.
In a recent meeting, our very astute accountant made an observation about the work we do at Cultures At Work, in terms of the impact it makes on an organisation’s bottom line. She noted;
I’m just going to assume you watched the All Black test against England on Saturday night, because … well of course you did!
The game was a dull advertisement for rugby but offered a wonderful insight into leadership…