I read a survey that revealed that 9 out of 10 executives believe that corporate culture is as important as strategy for business success. The report surprised me because that seems so obvious, why would it be a headline? (it also implies that 10% of executives thought it wasn’t as important which is even more surprising!). Surely this is like saying 9 out of 10 executives believe that breathing out is as important as breathing in!
If corporate culture & shared purpose are vital to engaging people as part of leadership, no wonder so much value is lost in M&As. Perhaps seventy per cent of mergers and acquisitions fail to deliver increased value. A large proportion actually lose value.
There was a survey of happiness at work. Orchestra members came second from the bottom, just above prison guards. Chamber musicians came top. What's the difference between chamber musicians and orchestra musicians?
by Jim Taggart
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