Corporate culture is extremely important.
What aspects of a firm's culture do you think are important? What do you look for?
@valuabl you just have to get it. look for aspects of being mission-driven, what employees have to say about the workplace - Glassdoor or Comparably can be a great tools. It's tough to quantify but overall I think over time you'll understand what I'm talking about. Great examples of culture and mission driven companies: $ABNB $AMD $NVDA $DUOL $CRM $MSFT
on the flipside, companies that I believe are terrible at that: $GME, Sears, ...
@valuabl like I said, you'll start to notice what makes up for a great company culture when you go through dozens of them, whether it's simply the environment, mission, values, great leadership, employee satisfaction, culture defying longevity of original founder or leadership, yada yada... it's hardly quantifiable into any sorts of brackets... you can look around for a couple of articles on the topic but you'll end up with pretty much the same answer.
@sammeciar I've studied thousands of companies over the last decade.
Given you said that culture is important, I want to hear your opinion on what makes one good or bad.
Do you mind if I push on this and ask for what you think makes a corporate culture good or bad? If you don't have a firm view on it, that's perfectly fine.
Perhaps I'm misinterpreting what you're saying. I'm happy to be corrected.
@valuabl very nuanced topic but broadly speaking I believe it's a culture defined by mission driven management, successfully aligning their vision and employees together towards a common goal, with a set of principles, values and structure that is well organized but still not so detached (lowest positions vs top). Generally speaking, companies that succeed with that can retain this structure going even without them being involved anymore. Take Apple after Steve Jobs or ServiceNow after Frank Slootman moved on to Snowflake, leaving the place to his successor. Their legacy continues to live on in the companies for years to come. They positioned companies well towards success and the companies continue to operate successfully with the same set of values, years after they left. I think that's the strongest sign of well built culture in a company. Or even CommonStock would be a great example of that I believe. This platform was created with a clear mission of verifying investors track record and overall being helpful and contributing in a positive way to the investors community with insightful knowledge. In a way we're Commonstock's employees, as the content creators... so far, I believe by strongly defining the values and rules, we content creators follow this set of values and contribute to the community the way it was meant to be. No toxic engagement I've witnessed so far and I've been there for months, seeing dozens of conversations. Clearly, Commonstock is a mission driven company/project so far successful retaining its original purpose and set of values. That may change as it grows in a major way, and that's when we'll truly see the depth of the culture of the company and its community and whether they can maintain the current state of affairs, this sort of social construct.
Yes and I read somewhere that $GOOGL supposedly has a excellent one atleast in the benefits area should their employee die: