Company Culture means success or failure

Rebuilding a company one person at a time
965_ 2/8/11 - "When you think about the economy, fortunately for the supermarket industry, people still have to eat. Until that changes, we're going to have some semblance of order. In some cases there's advantage to be taken." We're here at the Association for Corporate Growth luncheon and Sam Martin, President & CEO, Atlantic & Pacific Tea Co. (A&P) is our keynote speaker. Sam's wife Carina attended, she runs a non-profit here in Denver, the name is 'A Precious Child', and she is dedicated to helping children in the Denver Metro Area and throughout the Colorado market, with basic essentials. Last year alone she helped over 26,000 kids. Larry asked, "Sam what advice would you give to executive types running large and medium size companies over this coming year?" Sam replied, "Company culture is important to look at early on and always, so that you don't allow your culture to erode, or change in a dark way and start to take your company down from a results standpoint. It is amazing to me how many companies lose sight of the impact their culture has on the bottom line results. That culture in A&P's example starts back in 1859. One hundred-fifty-one years ago, the culture of the company was one of accountability, trust, a huge focus on discipline and growing the people. They grew the people enough to make a company that had 16,000 stores across the country by the 1930s. If you think about that kind of culture and then you reflect on today on a company that's actually in Chapter 11 bankruptcy, along the way that culture eroded and it brought the results of the company down." Sam feels that the culture is one of the essential pieces in building a team. He said, "If a person doesn't fit into the culture of your organization, and align with your core values, it doesn't matter their skill sets, they're not going to be successful in your organization." It's an important part of recruiting and putting management and leadership in place is to make sure the culture is preserved and the mission of the company, the core values that we stand for are aligned with...listen now
Related Links: Great Atlantic & Pacific Tea Company (A&P) || A Precious Child || ACG Denver Rocky Mountain Capital Growth Conference || ACG Denver || M&A Channel || Keywords: Sam Martin, A&P, ACG, ACG Denver Rocky Mountain Capital Growth Conference, Carina Martin, A Precious Child, Company Culture, Great Atlantic & Pacific Tea Company > 2/8/11 bytes=4183252
LISTEN to Sam Martin, President & CEO, A&P

Powered by Podbean.com