Company Culture to the Rescue

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Companies who are facing serious troubles can do more than just fix the bottom line.  They can attempt to fix the culture of the company.  If the workers are happier at their jobs and feel like they are doing something worthwhile when working, then they have more incentive to try harder.  Dynegy, an electric utility company, is doing just that, improving the company culture.  The company has shifted its headquarters to a building that provides open space for cubicles.  These cubicles allow the employees to interact with each other more efficiently.  The Chief Executive Officer, Bob Flexon, works in one of these cubicles.  This places him close to his employees and allows him to get to know them better. Bob Flexon has also banned the use of smartphones to check emails during meetings.  The idea behind this is that if everyone is less distracted then the productivity increases and the staff feels better about their work.  Changes like this can have a great impact on the performance of the company.  The bottom line isn’t the only place to look for improvement.

Written by: Toma Karamanolev

Source: http://online.wsj.com/article/SB10001424127887324096404578356351608725098.html?mod=WSJ_business_LeadStoryCollection

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