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Y Combinator Startup Class #10 : Company Culture and Building a Team
The document discusses company culture and its importance. It defines culture as the beliefs, customs and behaviors of a group. Company culture specifically refers to the daily assumptions, beliefs and behaviors (A&B) of employees in pursuit of company goals (C). A strong culture provides alignment, stability and trust which can positively impact business results. The document recommends identifying core values through a worksheet, looking for elements of high performing teams like accountability and trust, and establishing best practices like integrating values into performance evaluations and making culture a daily habit.
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Y Combinator Startup Class #10 : Company Culture and Building a Team
- 1. CULTURE Brian Chesky AlfredLin hosted by Sam Altman, Y Combinator Stanford CS183B
- 2. WHAT YOU’LL GETFROM TODAY What is culture? Why does it matter? Core Value Work Sheet Elements of high performing teams Some best practices for culture
- 3. WHAT IS CULTURE? ! ! ! Thebeliefs, customs, arts, etc., of a particular society, group, place, or time ! A particular society that has its own beliefs, ways of life, art, etc. ! A way of thinking, behaving, or working that exists in a place or organization (such as a business)
- 4. WHAT IS COMPANYCULTURE? Everyday (A) and (B) of each member of the team in pursuit of our company (C) . !
- 5. WHAT IS COMPANYCULTURE? Everyday (A) and (B) of each member of the team in pursuit of our company (C) . ! (A) = assumptions, beliefs, values, core values (B) = behaviors, actions (C) = goals, bhag (big hairy audacious goal), mission.
- 6. Your beliefs becomeyour thoughts. Your thoughts become your words. Your words become your actions. Your actions become your habits. Your habits become your values. Your values become your destiny.” ! - Mahatma Ghandi “
- 7. WHY DOES ITMATTER? First Principles Alignment Stability Trust Exclusion Retention
- 8. Results Accountability Commitment Conflict Trust Best Companiesto Work For WHY DOES IT MATTER? 0 3 6 9 12 S&P 500 Rusell 3000 Fortune 100 Comparative Stock Market Performance (1997-2003) 6.04% 6.41% 11.08% Source: Great Places to Work Institute
- 9. CORE VALUE WORKSHEET 1)As the leader, what personal values are most important to you? 2) What are the most important values for business success? 3) What values will you look for in employees? 4) What could never be tolerated? (consider the opposite as values) 5) Remember to incorporate your mission into your core value uniquely tied to your missioncredible
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- 11. Results Accountability Commitment Conflict Trust Patrick Lencioni,The FiveDysfunctions of aTeam ELEMENTS OF HIGH PERFORMING TEAMS
- 12. SOME BEST PRACTICESFOR CULTURE 1) Incorporate your mission to your values 2) Performance = think harder, deeper, longer about values 3) Interview for culture fit 4) Evaluate performance on culture as well 5) Make it a daily habit
- 13. What is culture Whydoes it matter Core Value Worksheet Elements of high performing teams Some best practices for culture WHAT YOU’LL GET FROM TODAY