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Advantages of Embracing an Informal Company Culture

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In this article, we’ll look at some of the benefits of informal business culture that will change your mind and persuade you to implement it in your firm. Because your company’s culture is what you promote on your corporate website and at job fairs, it’s critical to align your company’s internal climate with the image you want your external audience to have of you.

Boost Productivity

It will have a beneficial impact on productivity if your staff feel at ease even at work. Smaller factors like workplace layout and ergonomic design can also help boost productivity. A comparable effect on productivity can be seen in a non-formal organisation. If you want to meet your goals before the deadline, you’ll need to create a friendly and pleasant workplace for your staff.

Improves Communication

85 % are dissatisfied with the quality of workplace communication. 81% of employees are willing to change jobs to work for a company that provides better communication over one that provides additional amenities such as a gym, health insurance, and so on. Employees are encouraged to ask questions and provide comments in open organisation culture. This decreases the likelihood of misunderstandings and a lack of clarity, resulting in increased trust and collaboration. 

Enhance Collaboration

Bringing your team on the same page and motivating them to work toward a single goal is a lot easier for managers after open communication channels have been created. You can also use task management software and other tools to help your team members collaborate more effectively. Better cooperation results in a company where workers work well together and go in the same direction.

Easy Accountability

Accordingly, your organisation will not be able to flourish and thrive without sufficient responsibility. Create a transparent accountability system and ensure that your staff are aware of their duties. In comparison to a corporate workplace, it is considerably easier to hold your employees accountable in a casual working environment. This will bring out their best qualities.  

Flexible Working Environment

Even if they don’t like it, employees in a business atmosphere are required to observe tight standards. In a laid-back company, where employees may get away with breaking the rules, the situation is quite different. Most employees prefer working in a flexible workplace because it provides them with more freedom and space. 

In conclusion

If you establish a healthy working environment for your employees, they will perform better, have better relationships with their coworkers and management, and have a higher degree of job satisfaction. If you operate in a calm environment, you can also profit from uninterrupted communication and collaboration. After reading this article, you will have a different perspective on informal culture. You might consider introducing it in your company, but make sure that everyone is on board first.

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Lifestyle

Epic’s movie plans: A battle royale in the making

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With an audience of around 350 million users worldwide, Fortnite has firmly entrenched itself in the hearts of many gamers. But if you thought Fortnite was already everywhere, wait till you see what Epic is planning: how about a full-scale move into broader media? With this, Epic will fortify its already enviable hold on the industry. 

According to The Information, three high-ranking LucasFilm workers joined Epic Games early this year, including the studio’s former VP of physical production, Jason McGatlin, implying that cinematic projects are a top priority for the firm. Lynn Bartsch (head of business affairs) and Chris Furia (vice president of production finance) both left LucasFilm for Epic. The word on the grapevine is that these high-ranking executives will be part of a team looking to power the “scripted video programming business”. A Fortnite movie has apparently “already been considered” inside the studio’s special projects department, according to the source – though that’s about all we know so far. 

Epic is apparently looking for new ways to get into people’s brains (and wallets) now that Apple has banned it from the App Store, and given that Epic is unlikely to appear on Apple shops again for the foreseeable future, it’s understandable that the business would look into other entertainment divisions. 

Perhaps you’re looking forward to Peely doing his thing on screen, but Epic surely has dollar signs (or is that V-Bucks) in its eyes. It wouldn’t be the first to make the leap either; Lego has found much joy in hitting the silver screen, and it’s hard to imagine the powers that be at Epic don’t want a slice of that pie. Guess we have to prepare for a battle royale on the entertainment front. 

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Leadership

4 Must Reads – Straight from Elon Musk’s recommendation list

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Elon Musk’s reading collection includes science fiction classics as well as complicated literature on cutting-edge technologies. His vision as the leader of some of the world’s most valuable companies makes it interesting to take a peek into the inner workings of his mind. Musk is also known for sharing his suggestions on social media. 

Let’s evaluate some fascinating reads from his recommendations.

Steve Jobs, by Walter Isaacson 

This book chronicles the ambitious and adventurous life of Apple’s brilliant entrepreneur and eccentric creator. Steve Jobs covers the man’s successful enterprises, beginning with his early experiences with spirituality and LSD and ending at the pinnacle as a worldwide technology superstar. This is a well-researched book that goes into the thinking of the man behind the world’s most valuable technological business.

Life 3.0, by Max Tegmark

The Brief Introduction to Artificial Intelligence, Elon Musk’s latest book, is one of the few that explores the idea of AI being used for good rather than harm in the world. Max Tegmark, an MIT scientist, addresses how to keep Artificial Intelligence helpful to humans while simultaneously ensuring that technological progress is consistent with humanity’s long-term goals.

The Big Picture, by Sean M. Carroll

The Big Picture is a bold examination of the world we live in and how we may make sense of the vast majority of it through scientific thought. It teaches readers how to think about the most difficult things, such as the origins of life, awareness, and the cosmos itself, using a deductive approach. Sean Carroll is a practicing theoretical physicist with some unique philosophical perspectives. Sean invented the phrase “poetic naturalism”, which is addressed in the book.

Superintelligence, by Nick Bostrom

Superintelligence is intended to be a serious, hard-headed examination of the impending arrival of computers that are far smarter than humans. Musk has often warned about the dangers of unfettered Artificial Intelligence, and this book examines the pitfalls of taking technology too far too soon. 

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Lifestyle

Evolve or perish: The eternal organisational dictum

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Evolve or perish: The eternal organisational dictum

Keeping up with big tech companies could prove to be a difficult task. Businesses are made to last, but not all of them last the course. Take the examples of Nokia, Yahoo, etc. These companies were giants at one time, titans of their respective spheres, but could not keep up with the changing times (even if they were renowned) and eventually crumbled away.

A complete understanding of the customer ecosystem is necessary. Based on insights from consumer data, a business has to evolve with time and needs. By deploying the right data analytics systems and reinventing your value proposition, any company born in the analogue age can generate the same benefits through digital disruption.

Companies like Tesla, Airbnb, etc. transformed the industries they are part of. Business and consumer data are constantly being collected by high-tech companies. To keep up with such high-tech companies, traditional businesses must be able to access and arrange data to better understand their consumers, technology, and competitors to compete and thrive.

Recognizing when your firm needs a major change is one of the keys to success for any business. Unfortunately, due to a broader culture of resistance or an emphasis on conserving old land, many legendary firms miss out on greater possibilities, and get lost in the sands of time. Keep your pulse on the market, and be ready to evolve with the times, lest you end up being a snail in a race run for greyhounds.

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