Peter Drucker (1909-2005), the late Austrian-born management consultant, once famously said that culture eats strategy for breakfast — i.e., while a sound business plan is excellent, nothing is more important than a company’s culture. That philosophy, later adopted by Ford Motor Company president Mark Fields, is still fully embraced by C-Suite denizens today.
A Modern and Successful Company Culture
According to Deloitte, 94 percent of executives and 88 percent of employees regard a unique company culture as being critical to the success of a business. Alan Kohll, founder and president of TotalWellness, writes that culture impacts everything from recruitment to retention, not to mention employee satisfaction and collaboration.