Insights
Heidrick & Struggles: Connecting Organizational Culture to Business Strategy
Building and maintaining a strong corporate culture during the pandemic proved a priority for the vast majority of CEOs at large companies globally, but most leaders are not effectively aligning culture with financial performance, according to a new report from Heidrick & Struggles.
Rose Gailey, a partner and global lead for organization acceleration and culture shaping for Heidrick Consulting at Heidrick & Struggles said:
"The pandemic was a true test of company cultures globally. It's become clear that thriving cultures will be the linchpin of success for companies going forward – but what we found most surprising in our results is how few of the CEOs we surveyed recognized the critical role culture can play in supporting business performance, particularly if they create the right metrics to assess their progress on an ongoing basis."
Aligning culture with the bottom line: How companies can accelerate progress reports the findings of a survey of 500 CEOs in nine countries around the world and examines how culture propels organizational performance as more companies begin returning to the office and navigating new workplace dynamics such as hybrid work environments and remote workforces.
The article outlines the following:
- In Their Culture Focus, CEOs List Various Goals Led by Financial Progress
- What "Culture Accelerators" Do Differently
- Select Set of "Culture Connectors" Are Even More Effective
- Principles for Building a Thriving Culture