One big mistake some companies make is taking a hands-off approach to culture (& who is allowed into that culture).
This leads to a culture that's at best, average & at worst, destructive.
Have you ever experienced a culture that was almost painfully average?
An average culture makes it difficult (if not impossible) for your company to win in the market.
Great employees won't stay in an average culture. And great candidates won't flock to it either.
Of course, a destructive culture is worse.
Companies that let their culture become destructive are like a ticking time bomb.
Typically only a STRONG course correction can turn things around.
Senior leaders get replaced.
And their replacements often fire others who enabled the destructive culture as well.
That's how bad it is.
The lesson? DON'T take a hands-off approach to culture.
To have a great culture, you must define who you are and who you want to be, & then operate AND hire in a way that aligns with those realities and goals.