culture, turnover, Fortune 500, Toby Elwin, blog

The cost of culture, a 50% turnover of the Fortune 500

If companies were built to last, than 4 of 10, almost 50%, would still remain on the the Fortune 500 a mere 10 years later.

Sustained success has less to do with market forces than company values; less to do with competitive position than personal beliefs; less to do with resource advantages than vision. Sustained success has to do with managing culture.

Organization change without an awareness of what drives the organization’s culture may be the reason close to 90% of all projects fail.

Culture is key to remain great.

Amesbury, Toby Elwin, carriage town, industry, most difficult, blog

The most difficult industry to work in

One industry is not more complex than another. It is not the industry that demands an organization norm. Organizations are made and conceived as products of human interaction and social construction rather than an expression of an underlying industry, natural order.

People form the organization, the accumulation of organizations make up an industry segment.

People drive an organization’s effectiveness, mood, and culture. Not process, not technology, but people.