What Is Company Culture and Why Is It So Important?

What Is Company Culture and Why Is It So Important?

Never underestimate the importance of company culture. No matter how big or small your business, your company culture directly drives your success. A strong company culture not only establishes your brand identity, it also attracts talented employees and loyal customers who share your values and priorities. If you want to grow your business by strengthening your company culture, Nick Warner Consulting can help.

Understanding Company Culture

Simply put, a company’s culture is the unique set of values, ethics, ideals or principles that motivates their business. Your company’s culture tells the world who you are. It defines your mission and helps you connect with clients and employees on a personal level. Company culture influences every aspect of operations: leadership, brand, business strategy, marketing, hiring, office environment—even client satisfaction.  The Harvard Business Review recognizes eight different styles of company culture:
  1. Learning – values curiosity, exploration, and creativity
  2. Purpose – supports a visionary, idealistic, or altruistic mission
  3. Caring – emphasizes personal relationships built on trust
  4. Order – pursues excellence through rules, tradition, and organization
  5. Safety – focuses on protection, planning, and preparedness
  6. Authority – promotes competition and decisiveness
  7. Results – driven by goals and accomplishments
  8. Enjoyment – accentuates happiness, playfulness, and spontaneity 
Some styles naturally suit certain businesses. For example, a game developer might center their company culture around enjoyment, while a veterinary clinic focuses strongly on caring. Your company culture could also be a combination of styles. A nonprofit environmental organization might combine purpose with learning, and a financial advisor could fuse safety with results. What motivates your business? 

The Importance of Company Culture

A strong company culture will attract your dream employees and help you build a stronger team. People want jobs that align with their personal values and principles. Those who feel fulfilled by their jobs are happier, more productive, and more committed to their employers. Building a team of talented people who share your vision will drive your company’s success. When like-minded people work together toward a common goal, they can accomplish anything. A strong company culture also attracts a strong client base. Clients and customers tend to have better, longer-lasting relationships with businesses that share their personal ethics. Company culture keeps customers coming back, because they prefer to support companies whose ideals match their own. When a customer identifies with your company, they will proudly promote you to others with common interests. Your business will grow through word of mouth because of your company culture.

Contact Us

We can’t stress the importance of company culture enough. If you have questions about establishing a strong culture at your company, contact an advisor at Nick Warner Consulting. We offer executive coaching and business consulting services in Sacramento and throughout the state of California. Take advantage of our current offer—schedule your free introductory consultation today!  Photo by Toa Heftiba on Unsplash