Executive Briefings

Two Thirds of Execs Admit Their Organization's Culture Fails to Line Up with Company Business Strategy

While the majority of respondents (72 percent) feel culture is extremely important to organizational performance, only 32 percent say their company's culture aligns to a great extent with their business strategy, according to a survey by Korn Ferry, a leadership and talent consulting services.

The survey also showed that despite the high ranking in importance, only 25 percent believe they have identified and communicated their culture to a great extent and only 35 percent believe their employees are able to articulate their culture to a great extent.

“The concept of organizational culture has never been more critical or more complex,” said Korn Ferry senior partner Dave Eaton. “Omnipresent globalization, mergers and acquisitions, joint ventures and outsourcing make it imperative to bottom-line results that companies focus on identifying, aligning, and communicating a common culture. They must then cascade and integrate this culture across their enterprise; and then tie that culture back to business strategy.”

Read Full Article

The survey also showed that despite the high ranking in importance, only 25 percent believe they have identified and communicated their culture to a great extent and only 35 percent believe their employees are able to articulate their culture to a great extent.

“The concept of organizational culture has never been more critical or more complex,” said Korn Ferry senior partner Dave Eaton. “Omnipresent globalization, mergers and acquisitions, joint ventures and outsourcing make it imperative to bottom-line results that companies focus on identifying, aligning, and communicating a common culture. They must then cascade and integrate this culture across their enterprise; and then tie that culture back to business strategy.”

Read Full Article