In business, what sets apart the most innovative, efficient, and successful organisations from the rest? Is it innovation, research and development, market share, or branding and marketing? Or all of the above?
While all of these elements offer a competitive edge, they’re pretty tough to achieve without a high-performance organisational culture. Such culture is not just a buzzword: it’s a strategic pillar that drives business performance, boosts employee morale, and fuels overall success.
Research by McKinsey & Company has demonstrated that organisations with a laser focus on cultivating higher-performing cultures enjoy many benefits. These include creating a threefold return to shareholders, achieving superior employee engagement and collaboration, elevating customer satisfaction, and reducing staff turnover.
A high-performing team is characterised by its efficiency, innovation, and ability to achieve outstanding results. Purpose acts as the North Star, driving team members to pursue a common goal. In a high-performing team, every task and challenge becomes an opportunity for growth, collaboration, and continuous improvement. The team shares a purpose, inspiring them to push boundaries, overcome obstacles, and excel in their work.
So, how exactly do you build a high-performing and purpose-driven team? It’s something we’ve focussed on heavily at Young Folks with the support of external experts in leadership, people and culture, and HR.
In this article, we’ve tapped into the expertise of one of our much-loved external experts Ami Summers, director and lead coach at Craft Coaching and Development, who shares her insights and experience in building high-performing teams and the profound connection between purpose and performance.