Five Steps to Guard Against Cultural Risk

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Three Levels of Culture > Forum > Five Steps to Guard Against Cultural Risk

Five Steps to Guard Against Cultural Risk
Gandhi Heryanto, Management Consultant, Indonesia, Premium Member
A proper corporate culture can be a competitive advantage of a company and usually is considered a very important asset. But sometimes it can also become a liability and cause a cultural crisis. A cultural crisis is a significant incident that indicates a problem with attitudes and behavior in the workplace. Some examples of such cultural crises are: - Sexual harassment - Gender discrimination - Financial mismanagement - Deceiving customers - Not paying attention to safety - Bad behavior in the leadership ranks. Clayton mentions five steps to assist companies in starting with building cultural awareness capabilities: 1. Secure explicit commitment from the top. The main contributor to the success of any effort to maintain corporate culture is the commitment of the top executives. 2. Charter a cultural vigilance team. The culture guard team could consist of the heads of communication, law, human resources, diversity & inclusion and risk management departments along with rep (...) Read more? Sign up for free
 

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