What is the Clear Correlation Between the Culture and Organization Performance?

What is the Clear Correlation Between the Culture and Organization Performance?

A company which stresses on innovation, teamwork, and welfare of the workforce, performs better than one which is identified by stability, aggressiveness and a strong emphasis on outcome. According to a research published by the Wall Street Journal, organisations with a positive culture generally earned greater profits in the long run and those that laid little importance on improving their culture turned less profitable eventually. Even, successful companies without a positive culture are likely to see a decline in their performance over a period of time ultimately. A culture that engages and motivates employees results in company’s bottom line performing efficiently.   Innovation and Productivity Every employee at work is unique, and putting them in a prison of a large number of Do’s and Don’ts is counterproductive and reduces job satisfaction. On the contrary, employees who receive more freedom to innovate tend to be motivated, involved and satisfied at work. Innovation generates a sense of accountability and responsibility with employees showing increased awareness of organisational strategic objectives. A welcoming & pleasant environment opens to ideas and autonomy leads workers to thrive at work and increases job satisfaction whereas, a dull workplace where innovation, creativity, and initiative are discouraged provides little satisfaction or motivation. Knowledge Sharing and Productivity In the past, machines were thought to be main assets of an organisation, but with ever changing technology and needs, it is the knowledge that has become of vital importance. It is the workforce that owns this important quality which refers to their ideas, creativity, experience and expertise. Sharing of this knowledge stored within the chests of individuals increases the effectiveness of...