Schedule for dead week Monday (sec 003)/Tuesday (sec 001&002) Kimpton Hotels Update on cases Teaching evaluations Wednesday/Thursday: we will not meet because Quiz 4 will be on line. (see Quiz 4 instructions) I will be in my office Wednesday and Thursday morning. Thursday 5 June office hours cancelled. 13-1 QUIZ 4 Instructions Quiz Chapters 11, 12, & 13 15 multiple choice and 5 short essay questions Questions are randomly drawn. 45 minutes On line (Blackboard) Available 10:00am Wednesday 4 June to 5:00 pm Sunday 8 June We will check: 9am Thursday and 10:00am Friday. No make-ups. Length of time available should be sufficient. 13-2 13 Corporate Chapter Title Culture and Leadership 15/e PPT McGraw-Hill/Irwin Screen graphics created by: Jana F. Kuzmicki, Ph.D. Troy University-Florida Region © 2007 The McGraw-Hill Companies, Inc. All rights reserved. “The biggest levers you’ve got to change a company are strategy, structure, and culture. If I could pick two, I’d pick strategy and culture.” Wayne Leonard, CEO Entergy Corp. 13-4 Organizational Culture Culture is usually linked to strategic leadership Traits of strong and adaptive corporate cultures Bias for action Nature of the organization’s mission (sticking with what the organization does best) How to operate the organization (motivating employees to do their best) Culture is not an input Culture is nurtured by building blocks available to an organization’s leadership . . . 13-5 Building Blocks for Culture– focus attention Strategy Overarching goals Leadership/Management Style Structure Management systems Staff Skills 13-6 Building Blocks of Culture continued Influence/role of leadership, staff, and skills should not be overlooked. Leadership – senior management, e.g. Chair Staff – types of managers and rank and file Skills – what technology is dominant in an organization influences the kind of staff it has and eventually its culture. The building blocks must blend; or these seven will evolve and adjust to each other. Culture is an outcome of the interaction of these building blocks 13-7 Lets Revisit Organization Structure (Ch 11): Organizational Life-Cycle An organization’s structure goes through a “life-cycle” The structure of the organization increases in complexity as the business expands in size, e.g. sales volume, and scope, e.g. number of products, geographic regions, etc. The complexity is a response to control related issues that arise as a result of expansion NOTE: Increasing complexity requires maturity on the part of organization and its members. 13-8 “Organizational life cycle” Entrepreneurial - the owners share responsibilities and does everything Functional - they hire a manager for accounting, marketing, etc. Multi-product or geographic – a manager for a specific geographic region, product line, etc. Profit center – each region or product line becomes responsible for bottom line Matrix/Product-team 13-9 Organizational Life-Cycle – change in structure As organization changes its structure . . . Individuals get moved around Reporting and communication patterns change, Processes need to be reviewed and changed, control systems, etc. These can shake up an organization’s culture 13-10 Return to Illustration Capsule 12.4 (p. 409): write 1. NUCOR – previous chapter a) b) 2. If you were an employee in Nucor, what would Nucor’s incentive system force you to focus on? How does this contribute to its strategy? How does incentive system contribute to organization’s culture? 13-11 Illustration Capsule 13.2 (p. 433) Without celebrations and rewards, would GDLs have been effective? 13-12 “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 13-13 Chapter 13 Roadmap Instilling a Corporate Culture that Promotes Good Strategy Execution Identifying the Key Features of a Company’s Corporate Culture Strong versus Weak Cultures Unhealthy Cultures High-Performance Cultures Adaptive Cultures Culture: Ally or Obstacle to Strategy Execution? Changing a Problem 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 Putting Constructive Pressure on the Organization to Achieve Good Results and Operating Excellence Leading the Development of Better Competencies and Capabilities Displaying Ethical Integrity and Leading Social Responsibility Initiatives Leading the Process of Making Corrective Adjustments 13-14 INSTILLING A STRATEGYSUPPORTIVE CORPORATE CULTURE 13-15 Defining Characteristics of Corporate Culture Core values, beliefs, and business principles Ethical standards Operating practices and behaviors defining “how we do things around here” Approach to people management “Chemistry” and “personality” permeating work environment Oft-told stories illustrating Company’s values Business practices Traditions 13-16 Features of the Corporate Culture at Wal-Mart Dedication Zealous to customer satisfaction 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 13-17 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 Extensive 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 13-18 Features of the Corporate Culture at Occidental Petroleum Entrepreneurship Empowered of employees employees are encouraged to Be innovative Excel in their fields of specialization Respond quickly to strategic opportunities Creatively apply state-of-the-art technology in a manner to promote operating excellence 13-19 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 Salaries based on outstanding service based entirely on commission 13-20 Identifying the Key Features of Corporate Culture A company’s culture is manifested in . . . Values, business principles, and ethical standards preached and practiced by management Approaches to people management and problem solving Official policies and procedures Spirit and character permeating work environment Interactions and relationships among managers and employees Peer pressures that exist to display core values Its revered traditions and oft-repeated stories Its relationships with external stakeholders 13-21 Where Does Corporate Culture Come From? Founder or early leader Influential Policies, individual or work group vision, or strategies Operating approaches Company’s approach to people management Traditions, supervisory practices, employee attitudes Organizational Relationships politics with stakeholders 13-22 Role of Stories at Microsoft Oft-told stories focus on . . . 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 13-23 How Is a Company’s Culture Perpetuated? Selecting new employees who will “fit” in Systematic indoctrination of new employees Senior management efforts to reinforce core values, beliefs, principles, key operating practices Story-telling of company legends Ceremonies honoring employees who display cultural ideals Visibly rewarding those who follow cultural norms 13-24 Forces Causing Culture to Evolve New challenges in marketplace Revolutionary technologies Shifting internal conditions Internal crisis Turnover of top executives A new CEO who opts to change things Diversification into new businesses Expansion into foreign countries Rapid growth that involves adding many new employees Merger with or acquisition of another company 13-25 Company Subcultures: Problems Posed by New Acquisitions and Multinational Operations Values, beliefs, and practices within a company can vary by Department Geographic location Business unit Subcultures can clash if They embrace conflicting business philosophies Key executives use different approaches to people management Differences between a company’s culture and recent acquisitions have not been ironed out Existence of subcultures does not preclude important areas of commonality and compatibility being established in different countries 13-26 Types of Corporate Cultures Strong vs. Weak Cultures Unhealthy Cultures High-Performance Cultures Adaptive Cultures 13-27 Characteristics of Strong Culture Companies Conduct business according to a clear, widelyunderstood 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” 13-28 How Does a Culture Come to Be Strong? Leader who establishes values and behaviors consistent with Values Customers Employees Shareholders Customer needs Competitive conditions Strategic requirements A deep, abiding commitment to espoused values, beliefs, and business philosophy Practicing what is preached! Genuine concern for well-being of Customers Employees Shareholders 13-29 Characteristics of Weak Culture Companies Lack of a widely-shared core set of values Few behavioral norms evident in operating practices Few No strong traditions strong sense of company identity Little cohesion among departments Weak employee allegiance to company’s vision and strategy 13-30 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 – company personnel discount need to look outside for Best practices New or better managerial approaches Innovative ideas Disregard for high ethical standards and overzealous pursuit of wealth by key executives 13-31 Characteristics of High-Performance Cultures Standout cultural traits include A can-do spirit Pride in doing things right No-excuses accountability A results-oriented work climate in which people go the extra mile to achieve performance targets Strong sense of involvement by all employees Emphasis on individual initiative and creativity Performance expectations are clearly identified for all organizational members Strong bias for being proactive, not reactive Respect for the contributions of all employees 13-32 Hallmarks of Adaptive Cultures Willingness to accept change and embrace 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 13-33 Dominant Traits of Adaptive Cultures Any changes in operating practices and behaviors Must not compromise core values and long-standing business principles Must be “legitimate” in the sense of not having an inappropriate or unfair impact on the best interests of key stakeholders Customers Employees Shareholders Suppliers Communities 13-34 Culture: Ally or Obstacle to Strategy Execution? A company’s culture can contribute to – or hinder – successful strategy execution A culture that promotes attitudes and behaviors that are well-suited to first-rate strategy execution is a valuable ally in the strategy execution process A culture where attitudes and behaviors impede good strategy execution is a huge obstacle to be overcome 13-35 Why Culture Matters: Benefits of a Tight Culture-Strategy Fit A culture that encourages actions and behaviors supportive of good strategy execution Provides employees with clear guidance regarding what behaviors and results constitute good job performance Creates significant peer pressure among co-workers 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 13-36 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 strategy-supportive 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! 13-37 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! 13-38 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 13-39 Fig. 13.1: Changing a Problem Culture 13-40 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 Cite why and how certain behavioral norms and work practices in current culture pose obstacles to good execution of new strategic initiatives Explain how new behaviors and work practices to be introduced will be more advantageous and produce better results 13-41 Substantive Culture-Changing Actions Replace key executives strongly associated with old culture Promote individuals who have desired cultural traits and can serve as role models Appoint outsiders who have desired cultural attributes to high-profile positions Screen all candidates for new positions carefully, hiring only those who fit in with the new culture Mandate all company personnel attend culturetraining programs to learn more about new work practices, operating approaches, and behaviors 13-42 Substantive CultureChanging Actions (continued) Push hard to implement new-style work practices and operating procedures Design compensation incentives to reward teams and individuals who display the desired cultural behaviors Grant generous pay raises to individuals who lead the way in adopting desired work practices, displaying new-style behaviors, and achieving pace-setting results Revise policies and procedures in ways to drive cultural change 13-43 Symbolic Culture-Changing Actions Lead by example – Walk the talk Emphasize Eliminate frugality 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 13-44 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 ethical conduct a way of life Executives Our ethics program consists of . . . must provide genuine support of personnel displaying ethical standards in conducting the company’s business Value statements serve as a cornerstone for culture-building 13-45 Approaches to Establishing Ethical Standards Formal values statement and a code of ethics Word-of-mouth Annual indoctrination and tradition reports and Websites 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 13-46 13-47 Test Your Knowledge Which of the following topics would least likely be a topic or element of a company’s statement of its core values? A. A dedication to superior customer service, top-notch quality, product innovation, and/or technological leadership B. An expectation that company personnel will display creativity, exercise initiative, and accept responsibility C. Prohibiting giving or accepting bribes, kickbacks, or gifts D. A commitment to exhibiting such qualities as integrity, fairness, trustworthiness, pride of workmanship, Golden Rule behavior, and respect for co-workers E. A commitment to making the company a great place to work 13-48 Test Your Knowledge Which of the following topics would least likely be contained in a company’s code of ethics? A. Expecting all employees to not divulge trade secrets or proprietary information to outsiders B. Expecting all company personnel to display honesty and integrity in their actions and avoid conflicts of interest C. Not dealing with suppliers that employ child labor or engage in other unsavory practices D. Committing to create a work environment characterized by teamwork and employee empowerment E. Mandating full compliance with all laws and regulations 13-49 Fig. 13.2: The Two Culture-Building Roles of a Company’s Core Values and Ethical Standards 13-50 Techniques to Transform Core Values and Ethical Standards into Cultural Norms Screen out applicants who do not exhibit compatible character traits Incorporate values statement and ethics code in employee training programs Strong endorsement by senior executives of the importance of core values and ethical principles at company events and in internal communications Use values statements and codes of ethics as benchmarks to judge appropriateness of company policies and operating practices Make the display of core values and ethical principles a big factor in evaluating employee performance 13-51 Techniques to Transform Core Values and Ethical Standards into Cultural Norms (continued) Make sure managers at all levels are diligent in stressing the importance of ethical conduct and observance of core values Encourage everyone to use their influence in helping enforce observance of core values and ethical standards Hold periodic ceremonies to recognize individuals and groups who display the values Institute ethics enforcement procedures 13-52 Fig. 13.3: The Benefits of Cultural Norms Strongly Grounded in Core Values and Ethical Principles 13-53 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 Create a cultural climate where the norm is to Adopt best practices Use common work procedures Pursue operating excellence Give local managers Flexibility to modify people management approaches or operating styles Discretion to use different motivational and compensation incentives to induce personnel to practice desired behaviors 13-54 For Discussion: Your Opinion Identify one cultural trait that you would like to see at the company you decide to go to work for when you graduate? Why is this cultural trait important to you? 13-55 STRATEGIC LEADERSHIP 13-56 Numerous Roles of Strategic Leaders Culture Builder Visionary Chief Entrepreneur & Strategist Negotiator Process Integrator Capabilities Builder Resource Acquirer & Allocator Crisis Solver Mentor Taskmaster Spokesperson Consensus Builder Motivator Policy Enforcer Policymaker 13-57 Coach Head Cheerleader Arbitrator Chief Administrator & Strategy Implementer Leadership Activities of Chief Strategy Implementer 1. Stay on top of what’s happening 2. Put constructive pressure on company to achieve good results 3. Lead development of stronger core competencies and competitive capabilities 4. Exercise ethics leadership and lead social responsibility initiatives 5. Take corrective actions to improve overall strategic performance 13-58 Role #1: Stay on Top of What’s Happening Develop a broad network of formal and informal sources of information Talk Be with many people at all levels an avid practitioner of MBWA Observe situation firsthand Monitor Get operating results regularly feedback from customers Watch competitive reactions of rivals 13-59 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 13-60 Approaches to Instilling a Spirit of High Achievement 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 Use tools of benchmarking, best practices, business process reengineering, TQM, and Six Sigma quality to focus attention on continuous improvement 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 13-61 Role #3: Promote Stronger Core Competencies and Capabilities Top management intervention is required to establish better or new Resource strengths and competencies Competitive capabilities Senior managers must lead the effort because Competencies reside in combined efforts of different work groups and departments, thus requiring cross-functional collaboration Stronger competencies and capabilities can lead to a competitive edge over rivals 13-62 Role #4: Display Ethics Leadership and Lead Social Responsibility Initiatives Set an excellent example in Displaying ethical behaviors Demonstrating character and personal integrity in actions and decisions Declare support of company’s ethics code and expect all employees to conduct themselves in an ethical fashion Encourage compliance and establish tough consequences for unethical behavior 13-63 Our ethics code is . . . 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 Act unequivocal support of ethics code as final arbiter on hard calls Remove people from key positions if found guilty of a violation Reprimand people lax in monitoring ethical compliance 13-64 Structuring an Ethics Compliance and Enforcement Process Form an ethics committee to give guidance on ethics matters Appoint an ethics officer to head compliance effort Establish an ethics hotline/Web site employees can use to Anonymously report a possible violation Get confidential advice on a troubling ethics-related situation Conduct an annual ethics audit to measure extent of Ethical behavior and Identify problem areas 13-65 Key Approaches to Enforcing Ethical Behavior Have mandatory ethics trainings for employees Openly encourage employees to report possible infractions via Anonymous calls to a hotline or Posting to a special company Web site 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 the ethics code Make sure ethical violations carry appropriate punishment, including dismissal for egregious violations 13-66 Test Your Knowledge Assuming that a company’s senior executives are really serious about enforcing high standards of ethical behavior, then they probably need to consider doing all but which one of the following? A. Appointing a committee of high-profile employees to serve on a committee or task force that is charged with (a) being champions of high ethical standards, (b) finding ways to ingrain high ethical standards as a cultural norm, and (3) heading up the company’s ethics enforcement process B. Having mandatory ethics training programs for employees C. Conducting an annual audit of each manager’s efforts to uphold ethical standards and requiring formal reports on the actions taken by managers to remedy deficient conduct D. Requiring all employees to sign a statement annually certifying that they have complied with the company’s code of ethics and making sure that ethical violations carry appropriate punishment, including dismissal if the violation is sufficiently egregious E. Openly encouraging company personnel to report possible infractions via anonymous calls to a hotline or e-mails sent to a designated address 13-67 For Discussion: Your Opinion What would your reaction be if your employer required you to sign a statement annually certifying that you have complied with the company’s code of ethics? 13-68 Actions Demonstrating Commitment to a Strategy of Social Responsibility Craft a strategy that positively improves well-being of employees, environment, communities, and society Use social and environmental metrics to evaluate company performance Tie social and environmental performance to executive compensation Take special pains to protect environment Take an active role in community affairs Generously support charitable causes and projects benefiting society Support workforce diversity and commit to overall well-being of employees 13-69 Role #5: 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 13-70