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Corporate Culture

While politics at the workplace is generally considered a negative trait, on occasions, it can lead to strategic purposes being served. Ultimately behind all types of office politics, the root cause is always either of scare resources, personal motivations or structural inequalities. As per business research carried out by the McGill University, politics is in a long line of forces such as norms, authority and expertise to ultimately achieve the goals. A matrix can be designed for organizational politics in which the four quadrants will be named after metaphors. On the x axis of the horizontal plane, source of power will be either informal or formal. The y axis on the vertical plane will consist of where the aforementioned political activity takes place- individual or organizational. The Woods are people who derive their power informally and cause politics at organizational level. The High Ground too conduct at organizational level but posses formal source of power. The Weeds and the Rocks both conduct politics at individual level but the former derives merely informal power while the latter has genuine formal position.

Source:https://hbr.org/2017/04/the-4-types-of-organizational-politics?

Uploaded Date: 16th May 2017

Different kinds of work environments are suited to different personalities. There broadly exist four kinds of workplaces. The first such model is “company as community”. Here the entire workflow is designed keeping in mind employee requirements. Teamwork and loyalty are placed as the bedrock principles against which all things happen. The next model is known as “constellation of stars”. This is ideal for a disparate team of stars who all want to reach the top level. Competitiveness at work is put above all other requirements. Talent management is extremely critical at such places because big egos need to be leveraged towards organizational benefits. In “not just a company, a cause” model, personal happiness is put back in preference for organizational success. USAA is one such example where passion for the brand has become paramount among employees. The “small is beautiful” approach puts emphasis on small teams. Some companies prefer to remain small by concentrating on things that they’re really good at rather than commercializing all. The choice of workplace ultimately depends solely on individuals’ preferences.

Source:https://hbr.org/2017/04/4-kinds-of-workplaces-and-how-to-know-which-is-best-for-you?

Uploaded Date: 13th May 2017

Ten companies have been identified in a research conducted by the University of Minnesota that have the best corporate culture. Starting the list is MITRE due to its competitive pay, benefits, generous retirement plan and constant corporate training which includes education and wellness programmes. Next up on the list is Nike due to the intense loyalty the company manages to create among its employees. Chevron finds itself eight on the list thanks to its immense focus on diversity at the workplace. The next three names on the list are Southwest Airlines, Facebook and management consulting giant McKinsey. Like Facebook, another social media outlet Twitter comes fourth on the list. Coming third is Bain and Co. which has been renowned for its culture of teamwork that gets fostered among all. Apple comes one spot off the top due to the immense creativity and innovation that employees get encouraged to try out here. Right on top of the list is Alphabet which is basically the mother company for brand Google. No wonder, the tech giant manages to recruit, train and retain some of the brightest talent across industries.

Source:http://www.insidermonkey.com/blog/10-companies-with-the-best-corporate-culture-566472/

 

A representative from one of the top business consulting firm, Bain and Co. explains how time is not properly measured by companies the way money is. While trackers are invested for the purpose of reducing financial wastage, time lag goes largely unaccounted for. Email chains for example are a waste of time as they imply the receivers to read and understand them. Meetings are another item that can be ticked off, they are especially unproductive for front line supervisors. This leads to work being carried over to the weekends or late night, though there isn’t any real requirement. The speaker also spoke about the network effect and how one machine in itself is not wholly productive but a network brings exponential benefits. A change in patterns from the top is needed. Senior executives for instance bring enormous work for themselves but a lot of others too. All start teams meanwhile do have lots of egos but if they collaborate they can bring success as experienced by the US basketball team at the 1992 summer Olympics in Barcelona.

Source:https://hbr.org/ideacast/2017/03/globalization-myth-and-reality-2?referral=00563&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date&spMailingID=16689526&spUserID=OTY0OTMwNTk5NwS2&spJobID=980198215&spReportId=OTgwMTk4MjE1S0

 

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