When it comes to culture, does your company walk the talk?

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Key Points:
  1. The following report measures the gap between aspiration and action by organisations. To do this the authors have collected corporate values statements for more than 500 companies and compared them to how employees view their companies based on more than 1.2 million glassdoor reviews. 
  2. In a sample of 689 large, mainly U.S. companies, 127 (18%) did not list any official corporate values. Overall, 155 (22%) listed five values, and 502 companies (73%) listed between three and seven values.
  3. More than 80% of large American companies publish their official corporate values, however research presented in this article reveals a gap between official values and cultural reality on the ground in most organisations.  
  4. As first steps in improving their culture, leaders can take a hard, evidence-based look at how well their organization is living up to its espoused values. Which elements of your culture are working well? Which are falling short? Where are the pockets of cultural excellence within your organization? Which teams are undermining your culture?
  5. Effective communication, providing behavioral guidelines, articulating what makes the organisation distinctive, and explaining why values matter might help leaders improve the culture of their organisation.

Author: MITSloan
Published: July 2020
Focus: ##trust #stats #employees
Source

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