Corporate culture describes and governs the ways a company's owners, managers and employees think, feel and act. Regardless of whether your corporate culture written as a mission statement, spoken or merely understood your corporate culture plays a big role in determining how well your business will do. It has a direct impact on your company’s financial performance.
The standards, mindset and corporate culture of a company often trickle down from the top. The business owners tend to set a certain standard and as a result, the managers and subordinates uphold that standard. When the standard is set high, the business benefits. When it is set lower, the opposite result occurs.
The same philosophy is mirrored in a team mentality. When the members of a company can work together as a team, with the same philosophical mindset, the accomplishments of the group can increase results exponentially. If you’re not incorporating the usage of teams in your business structure, it may be time to rethink your strategy.
Using teams to strengthen results works for a few reasons, starting with accountability. When it comes to group activities, it is often said that the team is only as strong as the weakest member. If you incorporate a team mentality in the office environment, weak links are often apparent.
One of two things can happen when presented with a weak link. The other team members will push that weaker employee to keep up and therefore improve. The alternative result is that the weak link will become obvious and managers will have a clear picture where some restructuring needs to take place.
Another benefit of working in teams is the instinct for competition. When employees are placed into groups, creating a healthy competition between the two groups is a way to build stronger relationships in the office while producing even better results. Working together to be the best in achieving a common goal can add some enthusiasm to work that may otherwise be dry and typical.
Finally, working as a team allows your talent to expand their reach beyond the immediate environment. For example, creating teams that can work virtually alongside partner offices in different cities or even different countries will encourage new ideas. The opportunity to hear what’s working and bounce new ideas off one another is an excellent way to encourage innovative thinking and discoveries.
If you are not leveraging the usage of teams in your business, it may be time to take a second look. Determine what areas might benefit from the influence, innovation and productivity that can come with teamwork. Then, set those teams on task.
The results might surprise you.
Some people take pride in the fact that their business cannot run without constant, hands-on assistance. Don’t fall victim to this false sense of accomplishment! The sign of a strong business is one that has the power to run on its own for weeks at a time, without the captain at the helm.
The purpose of empowering a business with the ability to run on its own is a sign of responsibility. It’s irresponsible to put a business at risk simply because the only one who can operate it might get laid up in the hospital, stuck on a business trip out of town or away on a family emergency. There is no excuse for not having proper processes in place to ensure that this doesn’t happen.
Here are five quick tips to enable your business to run on its own, whether an employee is out or the captain is away from the helm:
Letting go of the reins can be a frightening thing but once a business can run itself; the strength of the company will only increase. If you haven’t put these processes in place, maybe this question will convince you: Exactly how long would your business survive if you weren’t able to run it?