Your Corporate Culture: The Party You Throw Daily | ThinkAdvisor by Angie Herbers
Published: September 18 2014
One of the things that we work on with our owner-advisor clients is creating the “corporate culture” for their firm. At industry conferences, I frequently talk about how important it is for owners to create the “right” corporate culture for their own happiness, and to create better client services, and client experiences.
When we’re interacting with our clients, we have plenty of time to explain what we mean by “corporate culture” and answer their questions until we’re sure that they “get it.” But in presentations to large audiences, where those one-on-one conversations aren’t possible, I’ve found that many advisors have a hard time “getting” the concept. To help folks to understand what firm culture is and what it feels like, I often use us the analogy of a party. Think of your firm as a “party” you throw every day in your office—and approach it the way a professional party planner would.
My husband, Drew, is a professional chef, and he’s catered more parties than he would care to count. A you might imagine, we throw a fair number of parties ourselves. So we’ve done a lot of thinking about parties which has led me to think about the similarities between parties and independent advisory firms. Here are some of the key elements of good party, and my take on how they relate to a successful advisory business.