Leadership and Culture: Do They Matter?
Company culture does matter. Just ask the former high ranking Citigroup executives who have departed in the last several weeks.
It appears according to the news that the CEO Charles Prince who took over the reins of Citigroup two years ago has a very different management style than his predecessor and Chairman, Mr. Weill.
It seems Citigroup has gone from focusing on the short term-stock prices and fast growth to a long term strategic point of view where reputation, internal controls and ethics matter. From brainstorming with a few key aides and giving autonomy to the operating chiefs to oversight committees, studying reports and polls and centralizing operations.
Talk about a culture change taking place. It would seem to me that people who were used to taking risks, not necessarily getting buy-in and making their numbers at almost any costs are scratching their heads asking “what happened?”
Do culture and values matter? I think we only have to look at the Enron’s, World Com and yes, Citigroup to emphatically say Yes!
I think the challenge for any leader is the boundary line between doing business, having a great culture that lives the values that makes it a great company. I am convinced that working for the short term does not allow companies to live according to their values.
What does your leadership style and that of your company say about culture and values?
Till next time,
Barb the Leadership Lady
It appears according to the news that the CEO Charles Prince who took over the reins of Citigroup two years ago has a very different management style than his predecessor and Chairman, Mr. Weill.
It seems Citigroup has gone from focusing on the short term-stock prices and fast growth to a long term strategic point of view where reputation, internal controls and ethics matter. From brainstorming with a few key aides and giving autonomy to the operating chiefs to oversight committees, studying reports and polls and centralizing operations.
Talk about a culture change taking place. It would seem to me that people who were used to taking risks, not necessarily getting buy-in and making their numbers at almost any costs are scratching their heads asking “what happened?”
Do culture and values matter? I think we only have to look at the Enron’s, World Com and yes, Citigroup to emphatically say Yes!
I think the challenge for any leader is the boundary line between doing business, having a great culture that lives the values that makes it a great company. I am convinced that working for the short term does not allow companies to live according to their values.
What does your leadership style and that of your company say about culture and values?
Till next time,
Barb the Leadership Lady
posted by Barb at
9:29 AM
0 Comments:
Post a Comment
<< Home