Thursday, January 8, 2009

Culture Impacts Bottom Line

[Is your environment really compatible to your goals?]

A new survey from Waterstone Human Capital of senior Canadian executives finds that Eighty-two percent of respondents said culture had a strong impact on the bottom line. Those listed in Waterstone’s 10 Most Admired Corporate Cultures reported three-year revenue growth and asset growth 63 percent higher than the top 60 Canadian companies listed on the S&P/TSX 60.

Revenue growth, turnover, and productivity were all positively affected. According to 90% of respondents, the key force behind instilling a successful corporate culture is the company’s leadership. The most successful companies build business models around their culture, according to Waterstone managing director Marty Parker.

Evaluation of the companies included vision and leadership, cultural alignment, measurement and sustainability, rewards, recognition and innovative business achievement, corporate performance, and corporate social responsibility. WestJet, Yellow Pages, Boston Pizza International, Four Seasons Hotel and Resorts, and Intuit Canada made the list.

Montreal Gazette (11/29/08)
P. G2

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