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The Single Most Important Factor to a Company’s Success or Failure.

Personal Disclaimer

     What follows is personal introspective insight.  It may contain thoughts or ideas that you may or may not directly agree with.  It may be controversial, but knowing myself it probably isn’t.  As a friend taught me recently, whether you agree or disagree with these thoughts isn’t as important as how you internalize these thoughts to develop your own opinion on the subject.  This piece was not written by a “ghost writer” or anyone professionally recognized for their writing prowess.  Neither am I a subject matter expert or anything like that – these are simply personal insights that I felt were valuable enough to share with you, the reader.  I randomly chose a topic based on personal inspiration and pondered on it.  Hopefully the results will be as much a value to you as they have been to me.  I hope you enjoy my thoughts on the topic and welcome your feedback, as it helps my personal and professional growth to consider the perspectives of others.  – Enjoy.

 

     Let’s start this blog with a confession… I rarely use social media for what it’s intended for – to share personal throughts, ideas, or experiences with the world at large – it simply goes against my nature to openly share them in that fashion.  That said, on September 15th I broke that rule with a Facebook post, the result of which was an entirely unexpected, almost immediate and surprisingly on-going interest in this blog’s topic…

     The Facebook post started with a simple, open-ended statement:

     “20 years working for large corporations.  10 years (well almost) as CEO of my own company.  In 30 years of combined business experience, it only hit me today what truly defines a successful company.  It’s not financials.  It’s not product.  It’s not benefits.  It’s not job title.  What makes a company great is it’s…”

     From that simple post, which only my friends could read (again, I’m not a “public” person by nature) I received 33 posts and 16 suggestions as to what makes a company great.  Only one of the 16 guesses matched mine – which intrigued me even more. Guesses that didn’t match mine were – people, partnerships, associations, integrity, accomplishments, service, customer appreciation, credibility, adaptability, team work, money, relationships, loyalty, respect, and my personal favorite – “free pizza”.

     The answer is a conglomoration of all of the above really.

     What causes a company to succeed or fail is mostly a product of it’s CULTURE.

     When you boil it down – nothing else even comes close. It’s why employees seek you out or leave you in droves. It’s why your people work with you to succeed, or jump ship at the first sign of real work. It’s what motivates employees to become better people, or sinks them deeper into employee zombie-like depression.

     Culture is what makes the difference.  It’s not a slogan, a motto, or a poster you see on a hallway wall that’s meant to inspire you – it’s not that cheesy and it’s definitely not that easy.

     As a business owner, the culture that you and your employees create, maintain, and share is the key differentiator between you and your competition.  It’s the glue that holds the organization together or the acid that rips it apart.

     As an employee, I’ve worked for several large multi-national corporations and for years I diligently served my corporate masters in numerous capacities from customer service rep to mid-level management.  I’ve prospered in organizations whose cultures were awesome and survived in a few who’s culture’s were – well, let’s just politely say “chaotic” at their best.

     A successful company’s culture is typically an actively spoken, sometimes written, but always understood agreement between employers and employees.  It’s a united we stand, divided we fall sort of understanding.  It’s one that openly communicates and actively applies certain values, beliefs, and communal goals that together we reach to achieve. The goal being to obtain and uphold a better standard of community within our organization.  It’s actively spoken and demonstrated by everyone involved – from the top to the bottom and everywhere in the middle.

     When a great culture is adopted, accepted, and lived by all – success typically follows.

     When not – it can be disasterous – for an individual, a team, or an entire enterprise.

     So there it is – the culmination of 30 years of business experience – and it all boils down to a simple word, “Culture”.  I wish that were the entirety of what I learned, I really do – but I pondered on this topic for almost 3 weeks since that initial Facebook post and as a result have lots of in-depth concepts and ideas to share…

     If you would like to learn more about my thoughts and ideas related to what makes a great culture and how to recognize one when you see it – please revisit this blog site over the next 2 weeks as I generate two more posts related to this topic. Who knows what I’ll discover next?…

     Thanks for sharing enough interest in this topic

to reach the bottom of the page!

 

Thoughtfully Yours,

Chris