one stop esop blog

Building and Maintaining a Strong and Adaptive Culture

Posted by Aaron Juckett on Mon, Jan 05, 2009

Harvard Business Profs: 10 Reasons to Design Better Corporate Cultures shares ten lessons to gain a competitive advantage by building and maintaining a strong and adaptive culture that will foster innovation, productivity, and a sense of ownership:

  1. Leaders must set the example.
  2. Strong cultures require investment for the long haul.
  3. An employee ownership mentality is bred.
  4. All of the above reduce labor costs. Specifically, management expends less effort retrieving workers' great ideas, and the company has a larger talent pool to draw upon.
  5. Employee and customer loyalty are both heightened.
  6. Effective cultures reduce some of the more "unwanted" customers – those that make unreasonable demands on employees, saving organizations time and effort.
  7. Based on the above, "the best serve the best." Think The Ritz-Carlton.
  8. The "working hard to maintain" component I mentioned above is not just lip service or annual report verbiage – it's actively and perennially pursued by leadership.
  9. Leadership succession occurs more smoothly.
  10. One warning: cultures can "sour," for many reasons including "the triumph of culture over performance" and "the failure of leaders to reinforce desired behaviors."

Topics: Communications and Culture

Subscribe by Email

We're Here to Help

describe the image

Aaron Juckett 
ESOP Partners LLC 
Phone: 920-659-6000 
Toll Free: 800-837-3112 
Direct: 920-659-6002 
Fax: 866-337-1095 

2016 IRS Pension Plan Limits

401(k) Deferral Limit - $18,000

Annual Additions Limit - $53,000

Maximum Compensation Limit - $265,000

Catch-Up Contribution Limit - $6,000

Highly Compensated Employee - $120,000

ESOP 5-Year Distribution Threshold - $1,070,000

ESOP Additional Year Threshold - $210,000

2016 Pension Plan Limits

2015 Pension Plan Limits

1989 - 2016 Plan Limits