Culture Eats Strategy For Lunch Case Study

“Culture eats strategy for lunch!” This is how Peter Drucker sarcastically describes the importance of the strategy for a company and how employees will make or change this strategy in order to create a culture that fits with the company’s growth.
Two different perspectives regarding the growing of the family businesses over the years and remaining innovative are communicated with the psychiatrist Professor Fritz B. Simon and the economist Professor Benoit Leleux.
According to the Professor Fritz B. Simon, a psychiatrist at the University of Witten-Herdecke, family companies last till the fourth generation. His emphasis on organizational research and consulting lead to the question “Why is that so?”. He lead a survey with people who used to
Moreover, they will overcome the second generation by requests and promises, before handing the control to their children. The third generation will be freer to make their own decisions. So the sustainability of the company is strong enough to subsist for later generations, which made Simon more curious about it.
As per Simon, “The family is a resource for the company, and the company in turn is a resource for the family”, which opportunities are preserved and difficulties may occur. These companies are characterized by long-term point of views and their assets have a real significance for the family members and they must be supervised responsibly. In addition, he explained that money has been overrated; for this, it pushes individuals into medical depression.
Jon Baumhauer, a psychologist and Chairman of the Family Board of the Merck Family, explains that the money invested in a family business is so special, and advises: “The family’s values are the same as the values of the company.” Moreover, respect is the main value of the values that Baumhauer talked
The companies’ success is always measured over the long term.
Also, Professor Simon started with supporting “family” concept that consists of partners who found companies based on emotional links. He added, the idea of opposing concepts that are brought together supported his speculation of the citizens that will see themselves as a “family”; but their merge on the long term is not yet visible.
Professor Benoit Leleux, a researcher and a teacher at the International Institute for Management Development (IMD) in Lausanne, Switzerland, stated to The Explorer Magazine, that the business world was searching for the reason of its own existence. It evolved into “stakeholder management” instead of looking for maximization of profits, the reason of turning to other values such as sustainability, fairness, and social responsibility.
The development and the success of a company depend on the reliability and efficiency decisions a management can take. The most important strategy for a business is the accurate achievement; so that the realization of the “best strategy” can lead to the company’s