000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 000100101001001111010100100010010100100111101010010001001010010011110101 Chapter 9 Corporate Culture and Leadership 1 9-1 “An organization’s capacity to execute its strategy depends on its “hard” infrastructure--its organization structure and systems-and on its “soft” infrastructure--its culture and norms.” Amar Bhide Chapter Outline Building a Corporate Culture that Promotes Good Strategy Execution What to Look for in Identifying a Company’s Culture Culture: Ally or Obstacle to Strategy Execution? Types of Cultures Creating a Strong Fit Between Strategy and Culture Grounding the Culture in Core Values and Ethics Establishing a Strategy-Culture Fit in Multinational Companies Leading the Strategy Execution Process Staying on Top of How Well Things Are Going Pushing Company to Achieve Good Results Keeping Internal Organization Innovative Exercising Ethics Leadership Making Corrective Adjustments 3 9-3 BUILD A STRATEGYSUPPORTIVE CORPORATE CULTURE McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 4 What Makes Up a Company’s Culture? Core values and business principles of executives Ethical standards Patterns of “how we do things around here” Oft-told stories illustrating company’s values Approach to people management Internal politics Traditions 5 9-5 Features of the Corporate Culture at Wal-Mart Dedication to customer satisfaction Zealous pursuit of low costs Frugal operating practices Strong work ethic Ritualistic Saturday morning meetings Executive commitment to Visit stores Listen to customers Solicit employees’ suggestions 6 9-6 Features of the Corporate Culture at Nordstrom’s Deliver exceptional customer service to customers Company motto “Respond to Unreasonable Customer Requests” Out-of-the-ordinary customer requests viewed as opportunities for “heroic” acts Promotions based on outstanding service Salaries based entirely on commission 7 9-7 Features of the Corporate Culture at General Electric Hard-driving, results-oriented atmosphere prevails All businesses are held to a standard of being #1 or #2 in their industries as well as achieving good business results Cross-business sharing of ideas, best practices, and learning Reliance on “workout sessions” to identify, debate, and resolve “burning issues” Commitment to Six Sigma Quality Globalization of the company 8 9-8 Features of the Corporate Culture at Microsoft Long work hours of programmers Emotional peaks and valleys in encountering and overcoming coding problems Exhilaration of completing a complex program on schedule Satisfaction of working on cutting-edge projects Rewards of being part of a team responsible for a popular new software program Tradition of competing aggressively 9 9-9 Where Does Corporate Culture Come From? Founder or early leader Influential individual or work group Policies, vision, or strategies Traditions, supervisory practices, employee attitudes Organizational politics Relationships with stakeholders Internal sociological forces 10 9 - 10 How Is a Company’s Culture Perpetuated? Selecting new employees who will “fit” in Systematic indoctrination of new employees Senior employees’ reinforcement of core values Story-telling of company legends Ceremonies honoring employees who display cultural ideals Visibly rewarding those who follow cultural norms 11 9 - 11 Forces and Factors Causing Culture to Evolve New challenges in marketplace Revolutionary technologies Shifting internal conditions Internal crisis Turnover of top executives Arrival of a new CEO Diversification into new businesses Expansion into foreign countries Rapid growth involving adding new employees Merger with or acquisition of another company 12 9 - 12 Culture: Ally or Obstacle to Strategy Execution? Culture can contribute to -- or hinder -- successful strategy execution Requirements for successful strategy execution may -or may not -- be compatible with culture A close match between culture and strategy promotes effective strategy execution 13 9 - 13 Why Culture Matters: Benefits of a Tight Culture-Strategy Fit A culture that encourages actions supportive of good strategy execution Not only provides employees with clear guidance regarding what behaviors and results constitute good job performance But also produces significant peer pressure from coworkers to conform to culturally acceptable norms A culture imbedded with values and behaviors that facilitate strategy execution promotes strong employee commitment to the company’s Vision Performance targets Strategy 14 9 - 14 Optimal Outcome of a Tight Culture-Strategy Fit A good job of culture-building by managers Promotes can-do attitudes Encourages acceptance of change Instills strong peer pressure for strategysupportive behaviors Enlists enthusiasm and dedicated effort to achieve company objectives Closely aligning corporate culture with the requirements for proficient strategy execution merits the full attention of senior executives! 15 9 - 15 The Perils of Strategy-Culture Conflict Conflicts between culturally-approved behaviors and behaviors needed for good strategy execution send mixed signals Should employees by loyal to the culture and company traditions and resist actions and behaviors promoting better strategy execution? Or should they support the strategy by engaging in behaviors that run counter to the culture? When a company’s culture is out of sync with what is needed for strategic success, the culture has to be changed as rapidly as can be managed! 16 9 - 16 Types of Corporate Cultures Strong vs. Weak Cultures Unhealthy Cultures Adaptive Cultures 17 9 - 17 Characteristics of Strong Culture Companies Conduct business according to a clear, widely-understood philosophy Considerable time spent by management communicating and reinforcing values Values are widely shared and deeply rooted Have a well-defined corporate character, reinforced by a creed or values statement Careful screening/selection of new employees to be sure they will “fit in” 18 9 - 18 How Does a Culture Come to Be Strong? Leader who establishes values consistent with Values Customer needs Customers Competitive conditions Employees Strategic requirements Shareholders A deep, abiding commitment to espoused values and business philosophy Practicing what is preached! Genuine concern for well-being of Customers Employees Shareholders 19 9 - 19 Characteristics of Weak Culture Companies Lack of a widely-shared core set of values Few behavioral norms evident in operating practices Few strong traditions No strong sense of company identity Little cohesion among departments Weak employee allegiance to company’s vision and strategy 20 9 - 20 Characteristics of Unhealthy Cultures Highly politicized internal environment Issues resolved on basis of political clout Hostility to change Avoid risks and don’t screw up Experimentation and efforts to alter status quo discouraged “Not-invented-here” mindset -- employees discount need to look outside company for Best practices New managerial approaches Innovative ideas 21 9 - 21 Hallmarks of Adaptive Cultures Willingness to accept change and embrace 22 challenge of introducing new strategies Risk-taking, experimentation, and innovation to satisfy stakeholders Entrepreneurship is encouraged and rewarded Funds provided for new products New ideas openly evaluated Genuine interest in well-being of all key constituencies Proactive approaches to implement workable solutions 9 - 22 Dominant Traits of Adaptive Cultures Any changes in operating practices and behaviors Must not compromise core values and long- standing business principles Must satisfy legitimate interests of key stakeholders 23 Customers Employees Shareholders Suppliers Communities 9 - 23 Creating a Strong Fit Between Strategy and Culture Responsibility of Strategy Maker -Select a strategy compatible with the sacred or unchangeable parts of organization’s prevailing corporate culture Responsibility of Strategy Implementer -Once strategy is chosen, change whatever facets of the corporate culture hinder effective execution 24 9 - 24 Changing a Problem Culture 25 Step 1 Identify facets of present culture that are strategy-supportive and those that are not Step 2 Clearly define desired new behaviors and specify key features of “new” culture Step 3 Talk openly about problems of present culture and how new behaviors will improve performance Step 4 Follow with visible, aggressive actions to modify culture—includes substantive and symbolic actions 9 - 25 Menu of Culture-Changing Actions Make a compelling case why a new cultural atmosphere is in best interests of both company and employees Challenge status quo Create events where employees must listen to angry key stakeholders Continuously repeat messages of why cultural change is good for stakeholders Visibly praise and reward people who display new cultural norms 26 9 - 26 Menu of Culture-Changing Actions (continued) Alter incentive compensation to reward desired cultural behavior Hire new managers and employees who have desired cultural traits and can serve as role models Replace key executives strongly associated with old culture Revise policies and procedures to help drive cultural change 27 9 - 27 Symbolic Culture-Changing Actions Emphasize frugality Eliminate executive perks Require executives to spend time talking with customers Ceremonial events to praise people and teams who “get with the program” Alter practices identified as cultural hindrances Visible awards to honor heroes 28 9 - 28 Substantive Culture-Changing Actions Engineer quick successes to highlight 29 benefits of proposed cultural changes Bring in new blood, replacing traditional managers Change dysfunctional policies Change reward structure Reallocate budget, downsizing and upsizing Reinforce culture through both word and deed Enlist support of cultural norms from frontline supervisors and employee opinion leaders 9 - 29 Grounding the Culture in Core Values and Ethics A culture based on ethical principles is vital to long-term strategic success Ethics programs help make Our ethics program consists of . . . ethical conduct a way of life Executives must provide genuine support of personnel displaying ethical standards in conducting the company’s business Value statements serve as a cornerstone for culture-building 30 9 - 30 31 9 - 31 Fig. 9.1: The Two Culture-Building Roles of a Company’s Core Values and Ethical Standards 32 9 - 32 Fig. 9.2: How the Practice of Stated Core Values and Ethical Principles Positively Impact the Corporate Culture 33 9 - 33 Approaches to Establishing Ethical Standards Word-of-mouth indoctrination and tradition Annual reports and Websites Orientation courses for new employees Training courses for managers and employees Making stakeholders aware of a commitment to ethical business conduct is attributable to Greater management understanding of role these statements play in culture building Renewed focus on ethical standards stemming from recent corporate scandals Growing numbers of consumers who prefer to patronize ethical companies 34 9 - 34 Instilling Values and Ethics in the Culture Incorporate values statement and ethics code in 35 employee training programs Screen out applicants who do not exhibit compatible character traits Frequent communications of the values and ethics code to all employees Management involvement and oversight Strong endorsement by CEO Ceremonies and awards for individuals and groups who display the values Institute ethics enforcement procedures 9 - 35 Key Approaches to Enforcing Ethical Behavior Conduct an annual audit to assess Each manager’s efforts to uphold ethical standards Actions taken by managers to remedy deficient conduct Require all employees to sign a statement annually certifying they have complied with company’s code of ethics 36 9 - 36 Establishing a Strategy-Culture Fit in Multinational and Global Companies Institute training programs to Communicate the meaning of core values and Explain the case for common operating principles and practices Draw on full range of motivational and compensation incentives to induce personnel to adopt and practice desired behaviors Allow some leeway for certain core values and principles to be interpreted and applied somewhat differently, if necessary, to accommodate local customs and traditions 37 9 - 37 STRATEGIC LEADERSHIP McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved. 38 Numerous Roles of Strategic Leaders Culture Builder Visionary Chief Entrepreneur & Strategist Resource Acquirer & Allocator Crisis Solver Motivator Policy Enforcer 39 Mentor Taskmaster Negotiator Process Integrator Capabilities Builder Spokesperson Consensus Builder Policymaker Coach Head Cheerleader Arbitrator Chief Administrator & Strategy Implementer 9 - 39 Leadership Activities of the Strategy Implementer 1. Stay on top of what’s happening 2. Put constructive pressure on company to achieve good results 3. Keep company focused on operating excellence Carly Fiorina 4. Lead development of stronger core Hewlett-Packard competencies and competitive capabilities 5. Exercise ethics leadership 6. Take corrective actions to improve overall strategic performance 40 9 - 40 Role #1: Stay on Top of What’s Happening Develop a broad network of formal and informal sources of information Talk with many people at all levels Be an avid practitioner of MBWA Observe situation firsthand Monitor operating results regularly Get feedback from customers Michael Dell Dell Computer Watch competitive reactions of rivals 41 9 - 41 Role #2: Put Constructive Pressure on Company to Achieve Good Results Successful leaders spend time Mobilizing organizational energy behind Good strategy execution and Operating excellence Nurturing a results-oriented work climate Promoting certain enabling cultural drivers Strong sense of involvement on part of company personnel Emphasis on individual initiative and creativity Respect for contributions of individuals and groups Pride in doing things right 42 9 - 42 Approaches to Instilling a Spirit of High Performance Treat employees with dignity and respect Make champions out of people who excel Encourage employees to use initiative Set stretch objectives and expectations that employees are to give their best Grant employees autonomy to contribute Use full range of motivational techniques and compensation incentives to Inspire employees Nurture a results-oriented climate Enforce high-performance standards Celebrate individual, group, company successes 43 9 - 43 Role #3: Keep Organization Focused on Operating Excellence Promote openness to improving 44 how things are done Support mavericks with creative ideas to improve ways of operating Ensure rewards for successful champions are large and visible Use all kinds of ad hoc organizational forms to support experimentation Use tools of benchmarking, best practices, reengineering, TQM, and six sigma to focus attention on continuous improvement 9 - 44 Role #4: Develop Stronger Core Competencies and Capabilities Top management intervention is required to establish new Organizational capabilities Resource strengths and competencies Senior managers must lead the effort because Competencies reside in combined efforts, requiring integration Stronger competencies and capabilities can lead to a competitive edge over rivals 45 9 - 45 Role #5: Exercise Ethics Leadership Display unequivocal commitment to ethical and moral conduct Insist upon ethical behavior Encourage compliance and establish tough consequences for unethical behavior Make it a duty for employees to Our ethics code is . . . Observe ethical codes Report ethical violations 46 9 - 46 Roles of a Manager in Enforcing Ethical Behavior Set an excellent ethical example Provide training to employees about what is ethical and what isn’t Declare unequivocal support of ethics code Act as final arbiter on hard calls Remove people from key positions if found guilty of a violation Reprimand people lax in monitoring ethical compliance 47 9 - 47 Actions Demonstrating Corporate Citizenship and Social Responsibility Having “family friendly” employment practices Operating a safe workplace Taking special pains to protect environment Taking an active role in community affairs Interacting with community officials to minimize impact of Layoffs or Hiring large numbers of new employees Being a generous supporter of charitable causes and projects benefiting society 48 9 - 48 Role #6: Lead the Process of Making Corrective Adjustments Requires deciding When adjustments are needed What adjustments to make Involves Adjusting long-term direction, objectives, and strategy on an as-needed basis in response to unfolding events and changing circumstances Promoting fresh initiatives to bring internal activities and behavior into better alignment with strategy Making changes to pick up the pace when results fall short of performance targets 49 9 - 49