Insights
Heidrick & Struggles: How Companies Can Accelerate Progress
Heidrick & Struggles surveyed 500 CEOs at large companies around the world about how they define culture and how it influences financial performance. They asked why & how they work to cultivate their own organizational cultures. During the pandemic and amid all the other varied challenges 2020 brought to countries, communities, and companies around the world, organizational culture was challenged—and became, for many organizations, the essential glue that held them together. Now, as leaders work to maintain resilience in hybrid and fast-changing working conditions, the increased sense of purpose, inclusion, and collaboration that culture nurtures matters more than ever to enable individuals and organizations to thrive.
Findings suggest that most CEOs make culture a priority, as we believe they should. But, surprisingly, we also see that most aren’t particularly intentional in their pursuit of culture as a driver of financial performance, even when they try to be.
The findings outlined:
- How most companies are approaching culture—and missing some crucial links
- What culture accelerators do differently
- Building a thriving culture today
- Take the first step