The Market Need
The duties and expectations placed upon Directors and Business Leaders concerning the governance of corporate culture and workplace conduct are unprecedented.
The number of publicised, catastrophic failures in company culture has tripled in the past five years. In most cases, the Board was blindsided, as was the CEO, failed by the limitations of existing monitoring systems.
The requirement is clear - Boards and Leadership teams need a solution which provides foresight:
Revealing where hidden risks and opportunities exist in the company’s culture, and
if their organisation, from top-to-bottom, has the type of resilient and self correcting culture that will ensure future challenges can be met.
Above Board‘s Culture CloseUp directly addresses this market demand.
“While everyone talks about tone from the top, its more important to understand and address the echoes from the bottom.”
For Directors and Investors, company culture matters: it influences longterm company performance and impacts on employees, customers and other stakeholders.
With increased duties, the requirement for Directors and Business Leaders to have insights into the nebulous and difficult to measure concept of their corporate culture matters like never before. If it matters that much, precise measurement and management matters more.
Director’s Duties
Limitations of current measures
There are limitations to employee surveys and expert interviews. Survey results are averages of how people averagely view culture: unlikely to reveal ‘needle in a haystack’ problems that create risk.
The closer you are to culture, the more foresight you have. Culture tells you about the future, both explaining and predicting outcomes within an organisation.
Management Foresight
Despite the volume of data and results dashboarding, it’s frequently unclear why the results are as they are, and what actions will have value creating impact.
