Insider tack on corporate culture





August 24th, 2008

First Tony Hayward, now Andrew Witty. Two new CEOs to FOOTSIE 100 companies in the past months declaring culture change a top priority. Even while in their prior senior roles they must have contributed to and owned to an extent the prevailing norms. But this nods also to culture perhaps being less about ‘the people’ collectively than the CEO individually. The tone, look and feel of a firm are to a great extent set from the mindset and world view at the top. The rest may align or conform to a greater or lesser extent due to bounded rationality and allied factors. The leadership bias, be it to a theory x or theory y view of people, can make a big difference to an organization’s available energy as well as potentially, the performance. Let’s see what upside can be orchestrated at the respective firms. And whether internal talent is more successful at forging culture change than new blood from outside.

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