lunch & learn: lessons on company culture

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THE CHANGE SCHOOL Where you go to learn, un-learn & re-learn. Embrace Change. Navigate through Change. Thrive in Change.

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T H E C H A N G E S C H O O LWhere you go to learn, un-learn & re-learn.

Embrace Change. Navigate through Change. Thrive in Change.

T R A N S F O R M I N G T H E F U T U R E O F W O R K A N D F U T U R E O F L E A R N I N G

The Change School provides holistic learning experiences for personal and professional development. We design and deliver experiential programs to develop every person’s intellectual, emotional, physiological and creative potential - encouraging both personal and collective responsibility to continuously learn and grow. We work with individuals and organisations to build connection, meaning and transdisciplinary inquiry, for life and work in the 21st century and beyond.

We believe, with the right tools, change can be a force for good.

WHY

Change is the only constant in life - Heraclitus

Change Cycle

IMMERSIVE RETREAT

GYM (Gym for Your Mind)

PRIVATE GYMS

WHATExperiential Learning

Individuals need self-awareness and clarity of their personal values

They can align their values in life and work with clarity, confidence and emotional

intelligence

They are better equipped to navigate through change and by remaining resilient and in a

state of flow.

They can become socially and culturally sensitive citizens of the

world who continually inspire others to do good.

Action and change become reality.

Theory of ChangeHOW

Deconstruct. Reconstruct. Move Forward.

L E S S O N S O N C O M PA N Y C U LT U R E

What we will cover:

• What is company culture?

• Why is it important?

• CASE STUDY: Zappos

• Lessons & Key Takeaways

• Discussion

• Health Check

• Final Tips

• References

A company does not have a culture, a company is a culture.

Company culture is your company’s personality.

• Shared beliefs, values and practices

• How your organization sees the world and acts

• What employees do and what their actions mean to them

W H AT I S C O M PA N Y C U LT U R E ?

W H Y I S I T I M P O R TA N T ?

• Defined by the company’s LEADERSHIP

• Built on the company’s core VALUES

• Embodied by the company’s EMPLOYEES

• The root of a company’s SUCCESS or FAILURE

• Attracts the right TALENT

• Underlies great PERFORMANCE

• Enables and empowers ACTION

• The real BOTTOM LINE

S O M E S TAT S• Job Turnover: 13.9% vs 48.4% (Columbia University)

• Productivity:12% more vs 10% less (Warwick University)

• Engagement: 64% not engaged / 24% actively disengaged / 13% engaged (Gallup)

• Performance: -28% revenue among disengaged employees

• Happiness: +20% performance and +1.2-1.7%

• Competitiveness: +2.1% industry benchmarks (New Century Financial Corp)

• Bottom Line:

• Operating Income: -33% among low-level vs +19% among high-level

• Earnings Growth: -11% among low-level vs +28% among high-level

C A S E S T U D Y

Fortune 100 and multi $billion turnover business.

• 1999: Founded “a service company that just happens to sell shoes”

• 2003: Grew over the years by outperforming competitors in customer service - market leader in online shoe sales in the US.

• 2008: Fastest growing online retailer in the world - sales rose to US$1 billion from almost nil in 1999.

• 2009: Fortune Magazine’s Best Companies to Work For (#15)

Ambition: To build a collection of businesses “powered by customer service’’ equivalent to the way Richard Branson’s “cool and hip” Virgin businesses.

OVERV I EW

LEADERSH I P

“Our No. 1 priority is culture. Get that right and everything else

falls into place.”

Culture | Customer Service | Training & Development

Tony Hsieh, CEO

PH I LOSOPHY

“People may not remember exactly what you did or what you said, but they always remember how you made them feel.” - Tony Hsieh

C O R E VA L U E S“Core Values mean nothing if you’re not prepared to hire and fire based on them.” - Tony Hsieh

Our 10 Core Values are more than just words, they’re a way of life.

We know that companies with a strong culture and a higher purpose perform better in the long run. As we continue to grow, we strive to ensure that our

culture remains alive and well.

See if our core values speak to you…

P R A C T I C E : S E L F - O R G A N I S AT I O N

2. Embrace and drive change

P R A C T I C E : C U LT U R E - F I T8. Do more with less

6. Build open and honest relationships with communication

P R A C T I C E : C U LT U R E B O O K

W O R K P L A C E : C A M P U S3. Create fun and a little weirdness

W O R K S PA C E : C O M M U N I T Y7. Build a positive team and family spirit

“The Zappos Culture, to me, is the environment where I can be my best self. Our culture reminds me to be patient, generous,

and kind. And, because I’m living that every day at work, it spills over into my personal life, and I find myself more patient,

more generous, and more kind there also. In that way, the Zappos Culture not only benefits me, but it also benefits my friends and family. I’m lucky to be a part of a place like this.”

- Employee

1. Deliver WOW through service

• Known for continuously raising the bar on the quality of its operations and Gold Standards of Service

• Motto: “We are ladies and gentlemen serving ladies and gentlemen”

• Only service company to be twice awarded the Malcolm Baldrige National Quality

• Generates highly inspired, engaged and empowered employees and customer brand champions who receive unparalleled excellence in service

• Known for continuously overcoming the odds of turning a commodity experience into an inspiring brand experience where consumers will pay $4 for a cup of coffee

• Motto: “To inspire and nurture the human spirit—one person, one cup and one neighbourhood at a time”

• See employees as an investment because they bring their brand to life

• Demonstrates a strong point of view in wanting to make the world a better place through their social responsibility initiatives and global responsibility goals.

• Hire for culture-fit

• Align culture to business objectives so that it becomes a driver of the bottom line

• Ensure clarity and communication of core values and business goals

• Facilitate positive interactions and and community building

• Encourage authenticity both personally and professionally

• Make learning available, accessible and all-encompassing

L E S S O N S

H E A LT H C H E C K• What are your core values?

• Clarity of purpose

• Engagement

• Productivity

• Empowerment

• Trust

• How do you/your colleagues act when they’re on the job?

• Are there common behaviours – either good or bad?

• What does having this job mean to you/your colleagues?

• Would you/they go elsewhere if they had the chance?

F I N A L T I P S

• Size doesn’t matter

• Review your company culture

• Focus on key areas

• Set culture goals

• Don’t expect immediate pay-offs

• Make a habit of appreciation

• Prioritise continued learning

• Leaders must be the drivers of change

There are no road maps, and the path for one business is by definition unique to

that particular company. Culture is a long-term investment. It cannot be

regulated by a board of directors — The Guardian, 2015

R E F E R E N C E S• More on Zappos - www.zapposinsights.com

• More on Holacracy - http://fortune.com/zappos-tony-hsieh-holacracy

• More on Company Culture - http://www.forbes.com/sites/joshbersin/2015/03/13/culture-why-its-the-hottest-topic-in-business-today/#19cf501db6e2

• 2016 Best Places to Work - www.glassdoor.com

• Best Workplaces Asia 2016 - greatplacetowork.net

• Enjoyable Companies to Work For (Business Insider Singapore)

• Other companies with great company culture…

E N G A G E U S• Take a Company Culture assessment with our VIP24 TOOL

• Self-direct your learning and development at our GYM

• Build an amazing company culture with our TEAM PROGRAMS

W E B S I T E : THECHANGESCHOOL .COM

E M A I L : HELLO@THECHANGESCHOOL .COM

T H A N K Y O U !