If your business is looking to hire and retain the most talented employees, differentiate your brand, and attract desirable clients, you must develop the right business culture. Your culture is simply the set of beliefs and behaviors within your company that determine how it is run. Three crucial components of any business culture are:
Your company mission should impact every decision that your employees make, and your mission statement is a simple – yet crucial – element of your culture. Formalize and document it to ensure that all of your employees and new hires fully understand what you are trying to accomplish. In this article, Hubspot provides 12 outstanding examples of inspirational mission statements.
Your company’s values are at the core of its culture, providing a set of guidelines regarding the behaviors and mindsets needed to achieve your mission. Values define what your company stands for, establish the workplace climate, and help to determine how success is defined and measured.
Values don’t amount to much unless they are enshrined in your company’s practices. For instance, if you claim that your employees are your company’s most valuable asset, you must be prepared to visibly invest in them. Your values should be reflected in the daily operating principles of your business.
While culture is somewhat intangible and subjective, there are a few metrics that you can use to track it. These metrics will help you determine if your culture contributes to an effective, engaged workforce. Read more