TL;DR
A vibrant business culture is critical to success. Our take is that Culture that influences how you operate is just as important as what you do. A healthy culture can actually reduce risks associated with the business. Within this area we aim to enable a strong risk-oriented culture. This has many benefits including reducing risk related events as well as formalizing how to respond appropriately to risks when they do surface. This proactive approach leverages nimble methods to optimize your unique risk situation and increase risk maturity.
Going bit deeper with culture it is the secret sauce that successful companies skillfully build that influences everything from how decisions are made, customer focus, collaboration and much more. All of the Nimble Risk Management areas significantly to contribute to richer business culture. This leads to enhanced success that would not be possible otherwise. Below are some reminders about business culture and how they connect with Nimble Risk Managment methods.
- Cultural Aspects Involving Risk breaks down the various aspects of culture that affect business risk
- Nimble Risk Culture Areas Include explains what is included with each area regardless of topic
- Stats involving business culture
Cultural Aspects Involving Risk
| Cultural Aspects | The NRM Connection |
|---|---|
| Adaptability | We emphasize doing, learning and evolving how work is done. Awareness of environmental changes paired with feedback and flexibility to make adjustments are key. |
| Communication | Transparency above all else ensures we are all on the same page and running in the same direction. A strong connection to feedback in various forms and data. |
| Customer Focus | A strong commitment and connect to customer needs. Quickly deliver the value they seek and pay attention to how they respond. |
| Employee Engagement | Inclusion taps into the vast array of perceptions and experiences. Ownership, authority and accountability combine to unleash great potential for enhanced engagement, attraction and retention. |
| Innovation | A greater degree of flexibility combined with less waste releases capacity to do more. This includes ability to innovate and expand into new areas. Additionally, this can include continual learning, continuous improvement as well as technical debt elimination. |
| Leadership Style | We favor a Continuous North Star approach that has everyone involved in refining the goals and driving focus. Trust that we are all adults and in it to win it liberates leaders to focus on the bigger picture. |
| Mission | A clearly defined and well communicated unified mission that we all can rally around and are inspired to make a reality. |
| Risk | Appreciate that risk cannot be ignored and a regular rhythm increases awareness and elimination of risk for less disruption. |
| Values | The principles that provide guidance regarding how we operate as a company. The behaviors involving interactions that influence integrity, inclusion, excellence, customer focus and more. |
| Work environment | Everything in the operating environment needs to encourage and/or facilitate collaboration & autonomy. Otherwise, it represents a degree a friction can impede performance. |
Stats involving Culture
| Description | Stat | Source |
|---|---|---|
| Impact of strong culture on revenue growth over weak culture | 4X | arbinger |
| Positive culture creates highly engaged employees | 89% | moneyzine |
| Company culture influences where people work | 86% | moneyzine |
| Common understanding and shared purpose increases performance | 17% | arbinger |
| Leadership influence on company culture | 80% | ujji |
Nimble Risk Culture Areas Include
Each of the Nimble Risk Culture topics listed above has introductory content that is free to all to explore and benefit from as you see fit. Each area also has client only sections featuring:
- Supplemental material for our NRM Dojo Jumpstarts which can help you hit the ground running in each area for huge gains.
- An area specific maturity model to help you understand and set the stage to ultimately reach higher levels of mastery & performance.
- Guidance, examples and templates for integrating these concepts with popular Agile Lifecycle Management (ALM) tools such as Azure DevOps (ADO) or Jira.
- Access to NRM Virtual Office Hours sessions as well as hot line access to experts to answer questions and provide guidance.