WHAT IS CORE VALUES?

Core Values are the most important strategic building blocks for the culture of an enterprise that are built through the merging of newly built or acquired small businesses.

Culture evolves throughout the life of an organization and is continuously changing as the organization matures. If a solid foundation is not well-established at the inception of the business, the culture will be shaped and influenced by the people who come and go from the organization — from both the management and employee sides.

POTENTIAL RISK

In the absence of established, documented and actively used Core Values, the organization will lose the opportunity to scale. Hospitals acquired without a cultural fit assessment will resist most post-acquisition changes and will not likely buy into any new processes that are initiated by the parent organization. The worst-case scenario — employees will burn out and leave.

CONNECTED PROCESSES

  • Strategic Filter Establishment
  • Cultural Pre- and Post-Acquisition Assessments
  • Change Management
  • M&A
  • Talent Acquisition
  • Organization-wide Quarterly Performance Reviews
  • Incident Resolution/Retrospection
  • Initiative Ideation
  • Quarterly Goals/Rock Planning

BURNOUT PREVENTION

Misalignment of Сore Values is one of the classic burnout triggers. Outlining organizational Core Values and aligning the culture of the acquired businesses with enterprise values is one of the crucial steps to success of the integration process post acquisition.

DE-NOVO AND FRANCHISE

For de-novo or brand-building organizations, Core Values are an important scalability instrument and these types of organizations have a significant advantage because they can hire people who are aligned with the existing culture.

LEARN MORE: BLOG, WEBINARS & PODCASTS

WEBINARS & PODCAST EPISODES:

  • Culture Eats Strategy for Lunch

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