Tuesday, March 8, 2016

Business Culture: The Foundation of Success

Business success is a result of factors woven together by core values. Large corporations are the products of smart decisions and meticulous planning. They gave importance to details that affect the overall business process, thus preventing corporate imbalances and implementing lean but strategic business structures.

A tip of the scale in the wrong direction could prove fatal to any organization. Meanwhile, workplace culture lends meaningful weight in pursuit of objectives. Below are some of the reasons business culture becomes the centerpiece to the success of a corporation:

1. Employee sustenance A lot could be compromised whenever a quality employee decides to leave a company. Apart from losing manpower, the company undertakes an expensive re-hiring process. But with a strong workplace culture, attrition rate is kept to a minimum.

 Image source: pickthebrain.com

2. Company image Social media is a big part of the lifestyle of today’s generation. Customers and employees alike turn to their social networks to tune in to trends and establish online engagements with the market. An attractive workplace culture will eventually find comfort in this platform, making it a fertile ground for good company branding.

Image source: ageofthecustomer.com

3. Strategy A good workplace culture can instill values among employees that are consistent with the vision of the company. It aspires for synergy and overall efficiency in the workplace.

Emile Haddad is a business consultant based in Seattle, Washington, who teaches entrepreneurs how to build a culture of excellence within the workplace. For more insights, click here.

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