Organizational Health
Embedding values in everyday behavior and organizational systems

"To shape a positive culture, many leaders focus on articulating their organization’s mission and values — the why and the how they hope will inspire their teams to deliver. The problem is that almost every company has a values statement. According to an analysis (pdf) by finance professors Luigi Guiso, Paola Sapienza, and Luigi Zingales, a full 80 percent of the S&P 500 advertise innovation as a core value and 70 percent advertise integrity. Not surprisingly, their analysis found that advertised values had no significant correlation to financial performance. However, in a follow-up study involving 679 U.S. companies and survey data from more than 400,000 employees, Guiso, Sapienza, and Zingales found that companies that lived their values in practice achieved higher productivity, higher profitability, and an increased ability to attract talent compared to those that did not."

Article: Want to Change Corporate Culture? Focus on Actions.