Why Tax Needs a ‘Front-of-the-Line’ Technology Mindset
Tax leaders who want to optimize their supporting technology can get started by addressing a pervasive tail-end challenge.
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As tax leaders work to extend their influence on company strategy, they might turn their attention to another crucial driver of business outcomes: organizational culture.
The fact that the Harvard Business Review devoted its first featured article of the new year to this topic says a lot for the increasing attention corporate culture is receiving as a strategic asset and competitive differentiator. In The Leader’s Guide to Corporate Culture, authors Boris Groysberg, Jeremiah Lee, Jesse Price and J. Yo-Jud Cheng point out that leaders seeking to build high-performance businesses often find themselves “confounded by culture.” These managers “may lay out detailed, thoughtful plans for strategy and execution, but because they don’t understand the culture’s power and dynamics, their plans go off the rails.”
A company’s culture can impact almost every part of an organization, but the why and how is often difficult to understand—their specifics can be tough to pin down and even more difficult to change. Groysberg and his coauthors offer a typology of cultural styles that shed light on underlying behavioral patterns and how managers shape culture’s influence on strategy. You may recognize some of your own organization’s traits in these eight styles:
Here at Vertex, organizational culture is something we’ve taken very seriously throughout our company’s existence. You can read how that shapes our vision of corporate social responsibility here. And check out our President and CEO David DeStefano’s thoughts on ROI – defined as Return on Individual! – in this CEO Weekly Insights article from Satell Institute.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.
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