HiP Culture: Your Key To Freedom In Business My Heretical Idea You deserve to be: What is Culture? It is the behaviours the incentives the symbols and the systems that reveal the values of the organization HiP Culture = “Nice” Culture A HiP Culture Will Have Greater… • • • • Speed Accountability Rigour Simplicity • • • • Collaboration Attractiveness Innovation Productivity Prospects/ Customers Culture Potential Employees Suppliers With Growth Comes Chaos C o m p l e x i t y Mistakes and chaos R o c k S t a r % Growth With Growth Comes Chaos R o c k C o m p l e x i t y S t a r % Growth Flight Risk: 24% Up for grabs Staying 76% 23% Payroll $ Wasted Shrinking Labour Market: Perceptions of Integrity Engagement Disengaged 70% Engaged 30% Top 24 Comparison Revenue Growth Employment Growth Stock Price Growth Profit Growth Performance Enhancing Culture 682% 282% 901% 756% Non-Performance Enhancing Culture 166% 36% 74% 1% The Cost of Average... As compared to “non-producers”: Unskilled Average =19% more output Superior = 38% more Skilled Average = 32% more Superior=64% more Mgmt/Professionals Average = 49% more Superior= 96% more The Cost of Average... Salary Point spread # in category Cost Unskilled $24,000 .19 4 $18,240 Skilled $35,000 .32 3 $33,600 Mgmt/Prof $60,000 .48 2 $57,600 $109,440 Quality of Life S A T I S F A C T I O N Bystander Champion Victim Rookie ENGAGEMENT 3 Happiest Events Quality of Life Appreciation Purpose Congruency Mastery Challenge Contribution Connection warrencoughlin.com/cool-tools Decisions & Actions Questions Beliefs and Values Experience, Education, Environment The Path Assess Define 1 Execute 2 Monitor/ Refine 3 4 Assess 1 Objective • • • • • Understand state of culture Learn the source of messaging Assess receptivity to change Benchmark Avoid “another initiative that will die” syndrome • Go/No Go Q1: Your Limits Q2: What Are The Unwritten Rules • • • • • • • • • • • Meeting discipline (in)Formality Accountability Customer relations Dealing with change Systems Dress Hours Work life balance Quality Standards … Q3: What Priorities Do You Communicate? What Are Your Defining Stories? Is That HiP? Option 1: Consultants Option 2: Assess and Impact Assess Define 1 2 Pick Your Principles Values-driven Performance Marketing Event Planning • • • • • • • • • • • • Results driven Innovation Leadership Team Communication Pride Gratitude Fun Trust Relationships Positivity Dedication Values-driven Behaviours Reflect Values • • • • Harmony => Avoid “tough” conversations Authenticity => Only sell what’s right Customer focus => seek input of front line Accountability => Ask for and follow up on commitments • Sucking up => favouritism unrelated to performance or potential • Discipline/Focus => Saying no Values Definitions Values-driven Values Hierarchy Assess Define 1 Execute 2 3 2 Approaches Announce and Then Build • Awesome for small • Sustains momentum • Engages team in build • Allows for growth Build and Then Announce • Alignment exists pre launch • Shows seriousness • Communications and mgmt are coordinated BUT • Inconsistent systems, symbols and incentives • Must exhibit new values while building them BUT • Long lag time • Lack of ongoing engagement • Can become a “task” Incentives • Beware unintended incentives & consequences • Not just $: – Security – Recognition – Quality work – Remove “crappy” work – Perks • What’s “punished” (or not) Systems Symbols Discuss Investigate Recognize Values Lived Record Recognition Culture Hacking Take On A “Help The World” Program Peer Bulletin Board Real Time Feedback Energizer Rituals Why So Serious? Hire/Fire on Culture Raising The Game • • • • • • • • Education Investment Book of the month Coach for the team Empty chair in meetings Involve team in hiring Cross-dep’tal initiatives Workations Each employee interacts w. customers • Senior people have “shifts” for Q&A • Pet project time • 1x/month community project • “Support a dream” • Anniversary yearbooks • Monday Breakfast/Friday drinks Assess Define 1 Execute 2 Monitor/ Refine 3 4