Change happens every day in organisations. Whether it is new initiatives around regulation or adopting new technology, the key component to achieving your intended outcomes is your company culture. Many organisations fail to recognise the importance of change management, it is crucial in changing how employees do their work and crucially, their behaviours long term.
Driving growth organically or through M&A both present significant opportunities and risks. But what is often forgotten is the momentous role that culture plays. Even for organisations on a significant organic growth path and that has a great culture, the oddity and irony is that such growth could destroy the perfect culture that made growth and success possible in the first place.
One place is never the same place again. Heraclitus, the Greek Philosopher that stated that the predominant force in the universe is ever-present change, wrote that no man steps in the same river twice and this idea is still present today. An organisations’ needs and customer demands are constantly changing and evolving, while the overall integrity of the process is retained.
Medius and Alderbrooke had the pleasure of hosting a breakfast briefing on the 6th February – Accountability for Culture under the Senior Managers and Certification Regime: Challenges & Opportunities.
The prize was awarded in recognition of the work undertaken to develop and implement its market leading behavioural analytics platform – CultureScope.
The CultureScope platform allows organisations to analyse their unique corporate culture by combining employee behaviour data and company specific objectives. This provides quantified insights that significantly improve how organisations understand and impact risk, diversity, talent and organisational performance.
The competition saw Alderbrooke overcome competitors from across the globe to win the award. The Wharton People Analytics Conference is a hallmark event in the industry calendar, and recognises the success of entrepreneurial ventures in the field of people analytics. The People’s Choice award is voted for by leading industry academics, practitioners and opinion formers.
Only a cursory glance at daily business news and corporate social media feeds confirms this as the year of “organisational culture” and “people analytics”. These days, job hunters consider online reviews of office cultures, while a firm’s executive leadership know that their corporate culture influences company value and performance.
In a Duke Fuqua School of Business survey of 1,400 CEOs and CFOs, 92% believed improving their firm’s corporate culture would improve the value of the company. And more than 50% said that culture influences productivity, creativity and profitability.
