May 27, 2015
Fortune’s 100 Best Places to Work issue was recently published. It was fascinating to see that a recent global poll of by Deloitte showed that executives consider culture even more important than leadership.
I thought I would include a few highlights:
1. Ritualize what’s most important
Companies like Marriott have 15 minute daily stand ups. It’s so important to take anything that’s valued and create a ritual so that it’s never forgotten. What are your daily / weekly / monthly and quarterly rituals? (For quarterly I recommend Open Space).
2. Location matters (and not how you think)
Twitter decided to move its headquarters to a part of San Francisco with decrepit hotels, strip clubs and most of the city’s homeless population. The company’s execs say they are not only committed to staying in the area, but also encouraging their employees to help the local population – and claim the desire to do so is actually enticing workers.
I think the most innovative companies are going to come out of Detroit. It’s extremely cheap. Entrepreneurs won’t have to eat ramen and can even buy houses. And the city is very encouraging of new businesses. If you want to build a tight team that is involved with the community, this is going to be the place.
3. Small to medium sized companies are going to lead the way.
Accuity, a small Wisconsin insurance company debuted at number 3! They provide unlimited education reimbursement, compressed work weeks, 10% contribution to 401K, quarterly town hall meetings and “Lunch with an officer” – face to face meetings with execs for all employees. They also gave away $1 million dollars and involve all employees in strategic planning.
If you’re a big company, how can you empower a group the size of a small company? If you’re small, do you have a “wish list” for your culture?