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Company Philosophy: 'The Way We Do Things Around Here'
In this adaptation of a chapter from The Will to Manage (1966), by the late McKinsey managing director Marvin Bower, the author writes that a company's philosophy evolves as a set of rules or guidelines that gradually become established, through trial and error or through leadership, as expected patterns of behavior. Bower, who died in January 2003, explores five such basic beliefs found in the most successful companies.
The take-away: Some management insights ring as true today as they did in 1966. Company philosophy—the basic beliefs that people in a business are expected to hold and follow—can be a powerful force on the corporate landscape.
Articles provided by The McKinsey Quarterly
© 1992-2003 McKinsey & Company, Inc
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