Quote of The Week – Kotter on Culture

“Corporate culture can have a significant impact on a firm’s long-term economic performance . . . firms with cultures that emphasized all the key managerial constituencies (customers, stockholders, and employees) and leadership from managers at all levels outperformed firms that did not have those cultural traits by a huge margin. Over an eleven-year period, the former increased revenues by an average of 682 percent versus 166 percent for the latter, expanded their work forces by 282 percent versus 36 percent, grew their stock prices by 901 percent versus 74 percent, and improved their net incomes by 756 percent versus 1 percent.”

– John Kotter and James Heskett, reporting on the performance of 207 large firms over an 11-year period in their book Corporate Culture and Performance (1992)

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Quote of The Week – Kotter on Culture

“Corporate culture can have a significant impact on a firm’s long-term economic performance . . . firms with cultures that emphasized all the key managerial constituencies (customers, stockholders, and employees) and leadership from managers at all levels outperformed firms that did not have those cultural traits by a huge margin. Over an eleven-year period, the former increased revenues by an average of 682 percent versus 166 percent for the latter, expanded their work forces by 282 percent versus 36 percent, grew their stock prices by 901 percent versus 74 percent, and improved their net incomes by 756 percent versus 1 percent.”

– John Kotter and James Heskett, reporting on the performance of 207 large firms over an 11-year period in their book Corporate Culture and Performance (1992)

Sorry, comments are closed for this post.