Is Culture Affecting Your Profits?

As business owners and leaders, we need to drive teams towards profits for the company.

But how that work gets done is sometimes a real bottleneck..in fact it just feels - what if all these people related issues would not really be there, right?

And everyone would just do their jobs so we can delight our customers and expand our markets, create wider bottom lines, period!

However, this is really not how it always works. As long as there is a team (more than 1 person), there will be a culture they will create. It could be a people focused and result oriented culture or something that drives the teams down and creates higher conflicts.

Culture is not a warm "fuzzy" thing that therapists like to talk about!

It is something that directly connected to your profits. As per a study done, a toxic culture decreases productivity by 40%, while an effective culture increases productivity with 20%. Also, if there is a positive culture within the teams, it can boost the productivity and results by 30-40%.

This is also the reason why many startups going for funding are not able to sustain and business mergers, acquisitions and organizational change projects fail.

Your people share on social media about their culture and so do your customers learn about your culture while dealing with your front desk or customer service/sales staff which directly affects their current and future sales.Culture change can be a game changer against your competition.

It is found that organizations having a positive culture are not sometimes, but always more successful than the ones that don't.

So, isn't it time we start thinking about culture as something "real"?

Want to know how we help our clients with culture transformation? Connect here for details - https://workshop.mpowergrowth.com/