Organizational Culture Is a Competitive Advantage
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Building a Strong Organizational Culture to Enhance Competitiveness and Performance
Culture issues dominate the current risk agenda in boardrooms and C-suites. A majority of the top 10 risk issues global business leaders identified for 2023 in the latest Top Risks Survey from Protiviti and NC State University’s ERM Initiative relate to people and culture. Furthermore, in this same study’s 10-year outlook, nearly half of the top risks tie to concerns related to organizational culture and talent. These priorities show that board members and C-suite leaders recognize the value — and risks — that the organizational culture creates.
In this issue of The Bulletin, we list five steps leadership teams should take to build a better culture.