CPABC Industry Update Winter 2014 | Page 18

Is it time to change your corporate culture? 5 questions to determine the levers for change By Natalie Michael As an executive coach and leadership consultant, I’ve noticed a theme to my recent coaching sessions: CEOs want to change their corporate culture. page 18 | I N D U S T R Y U P D AT E In one recent coaching session, the CEO of a $40 million company here in British Columbia told me, “I believe our culture is too ‘country club.’” Another client, the CEO of a $120-million manufacturing firm, commented: “I believe our culture is too fun. We are missing the business agenda.” It is refreshing to see CEOs tending to their culture, especially in a world where culture is touted as a primary source of competitive advantage, and as an asset for attracting and retaining key talent. Yet, there is a reason that culture is a prime executive coaching concern. Corporate culture can be elusive to define and hard to change; it’s challenging to pinpoint what elements need to shift. If you believe your culture needs adjusting, here are five questions to help you determine the levers for change. 1 To what extent does your culture drive the business agenda? A company’s culture is a combination of patterns of behaving, feeling, thinking, and believing—in short, the patterns that determine “the way we do things around here.” At its best, an organization’s culture is an immense source of competitive advantage, energizing people to get the right things done.