From the ABC to Dreamworld, corporate culture is in crisis
Corporations are in crisis across Australia. Here, issues management expert Peter Wilkinson evaluates the importance of perfecting culture in preparation for times of strife.
With a third royal commission pending, and ABC chaos, plus a series of company crises (Dreamworld, Big Un, Get Swift, CPA) media and public tolerance for rotten corporate culture has all but vanished.
Culture is the one way we can unite our organisation behind our business goals and behaviours. It’s sometimes our only competitive advantage. It’s why staff and customers will stay, or leave. A rotten culture definitely holds a company back; a positive culture drives you forward.
Culture starts with as a concept for a leader, and ends as the conversation in inside every employee’s head.
A very timely article Peter. Its no secret that culture starts at the top, but the Banking Royal Commission has been a stark reminder of how strong culture is in driving organisational misdeeds. Only time will tell how far up the banks accountability and penalty will ultimately be imposed
Yup, lots of good in there… enjoyed and of course, learned something new