Management Issues reveals a new survey of more than 1,200 international executives by management consulting firm Bain & Company has found that nine out of 10 believe that corporate culture is as important as strategy for business success.
While corporate culture, for example, is receiving considerably more management attention than in previous years, Bain research shows that fewer than 10 per cent of companies currently succeed at building high-performance cultures.
BOTTOMLINE: Organizational culture and so-called softer issues are now top of mind. Executives are clearly looking beyond cost-cutting for success.
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