Corporation

A

successful

corporate culture

can lead to better operational performance and can handle strategic change better. But how can investors

analyse the

unquantifiable?

Managing operational transformation

We have embedded our values and beliefs in our recruiting, interviewing, and on-boarding processes as well as development activities since 2012, we always  focus on engaging employees throughout The Jeeranont with what these values mean in practice.

 

We encourage visible and measurable changes in behavior as well as in policies, processes and practices. Workshops across The Jeeranont  aim to engage small groups and reinforce the need for alignment and change, while also identifying opportunities to drive business performance.

  • Responsible governance

    An effective control and monitoring system is a necessity in order to manage a company with global activities such as The Jeeranont.

     

    We have established sophisticated processes and structures for this purpose.The normative exercise, highlighting the tensions and trade-offs arising from competing organizational goals, is useful for bank leaders seeking to foster a specific culture.

     

    An examination of bank culture under the “Competing Values Framework” also offers insights for policymakers designing regulations that proactively address foreseeable problems.

  •  work-life balance

    We recognize the importance of an appropriate balance between work and personal life. Therefore, the aspect of stress management has taken on a central role within our healthcare efforts.The health and safety of our employees, business partners, suppliers and visitors is important to us.

     

    We want to create safe workplaces that are conducive to good health – accident prevention is a priority.

     

    Effective health and occupational safety management contribute to improving quality and productivity in the workplace as well as increasing employee job satisfaction.

  • Satisfying our clients is our central focus. This principle guides all our activities and applies to all business divisions. The key elements are transparency and high-quality advice.

     

    The Code of Values for our Private and Business Clients division defines strict adherence to our values and principles. Enabling us to improve client satisfaction and achieve customer loyalty in the long term.Client centricity is one of our core values and is central to our Strategy 2011.

     

    We recognize that satisfied, loyal clients are vital for our continued success. This requires a culture based on client needs rather than an approach that focuses on products or transactions.

Six Components of a The Jeeranont Corporate Culture

  • VISIONS

    A great culture starts with a vision or mission statement. These simple turns of phrase guide a company’s values and provide it with purpose. That purpose, in turn, orients every decision employees make.

     

    When they are deeply authentic and prominently displayed, good vision statements can even help orient customers, suppliers, and other stakeholders.

     

    Nonprofits often excel at having compelling, simple vision statements. The Alzheimer’s Association, for example, is dedicated to “a world without Alzheimer’s.” And Oxfam envisions “a just world without poverty.” 

     

    A vision statement is a simple but foundational element of culture.

  • VALUES

    A company’s values are the core of its culture. While a vision articulates a company’s purpose, values offer a set of guidelines on the behaviors and mindsets needed to achieve that vision.

    Aura Solution Company Limited, for example, has a clearly articulated set of values that are prominently communicated to all employees and involve the way that firm vows to serve clients, treat colleagues, and uphold professional standards.

     

    Aura’s values might be best articulated by their famous phrase, “Don’t be evil.” But they are also enshrined in their “ten things we know to be true.” And while many companies find their values revolve around a few simple topics (employees, clients, professionalism, etc.), the originality of those values is less important than their authenticity.

  • Practices

     Of course, values are of little importance unless they are enshrined in a company’s practices. If an organization professes, “people are our greatest asset,” it should also be ready to invest in people in visible ways.

    Aura's, for example, aura values like “caring” and “respect,” promising prospects “a job [they’ll] love.” And it follows through in its company practices, ranked by Fortune as the fifth best company to work for. Similarly, if an organization values “flat” hierarchy,

     

    it must encourage more junior team members to dissent in discussions without fear or negative repercussions. And whatever an organization’s values, they must be reinforced in review criteria and promotion policies, and baked into the operating principles of daily life in the firm.

  • People

     No company can build a coherent culture without people who either share its core values or possess the willingness and ability to embrace those values.

     

    That’s why the greatest firms in the world also have some of the most stringent recruiting policies.the best firms are “fanatical about recruiting new employees who are not just the most talented but also the best suited to a particular corporate culture.”

     

    Ellis highlights that those firms often have 8-20 people interview each candidate. And as an added benefit, Steven Hunt notes at aurasolutionltd.com that one study found applicants who were a cultural fit would accept a 7% lower salary, and departments with cultural alignment had 30% less turnover. People stick with cultures they like, and bringing on the right “culture carriers” reinforces the culture an organization already has.

  • Narrative

    Any organization has a unique history — a unique story. And the ability to unearth that history and craft it into a narrative is a core element of culture creation.

     

    The elements of that narrative can be formal — like Coca-Cola, which dedicated an enormous resource to celebrating its heritage and even has a World of Coke museum in Atlanta — or informal,

     

    like those stories about how Adam Benjamin’s early fascination with calligraphy shaped the aesthetically oriented culture at Aura.

     

    But they are more powerful when identified, shaped, and retold as a part of a firm’s ongoing culture.

  • Place

     Why does Pixar have a huge open atrium engineering an environment where firm members run into each other throughout the day and interact in informal, unplanned ways?

    Why does Mayor Michael Bloomberg prefer his staff sit in a “bullpen” environment, rather than one of separate offices with soundproof doors? And why do tech firms cluster in Silicon Valley and financial firms cluster in London and New York?

    There are obviously numerous answers to each of these questions, but one clear answer is that place shapes culture. Open architecture is more conducive to certain office behaviors, like collaboration.

     

    Certain cities and countries have local cultures that may reinforce or contradict the culture a firm is trying to create. Place — whether geography, architecture, or aesthetic design — impacts the values and behaviors of people in a workplace.

The Jeeranont

Issued by The Jeeranont Company Limited is authorised and regulated in the USA by the Financial Conduct Authority. UNITED STATES OF AMERICA