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Target GRC – A Reflection on the Importance of Organisation Culture

Category: International Operations Business International Operations Finance People & Organization | (1) comments

Dear Friends,

Based on my recent experiences with potential graduates this year, I have been asked a lot of questions on how Novo Nordisk is as an organisation. Few also asked me about how the work environment is? It is a very broad question and something you need to feel in person. In one of my earlier posts, I mentioned that I have realised as an insider that what makes Novo Nordisk an organisation with a truly “sustainable competitive advantage” is the Novo Nordisk culture! It is something that manifests itself in the form of an internal governance framework reflecting the ambition of the company, the direction of the company and the values and behaviours that the employees have to exhibit throughout the organisation. And we call it the Novo Nordisk Way.

NNWay Pic

Organisation culture has more often than not provoked vigorous debates around the world of management. While there is unanimity that it exists and that it plays a critical role in shaping our behaviour within the organisation, there is little consensus on how it impacts behaviour and whether the leadership can influence it in any way. Most of the time, the real problem is that we do not have a reasonable definition in the first place. Voltaire would say, “If you wish to converse with me, define your terms.” While not necessarily easy to define, the overall fabric of the environment one spends large amounts of time in naturally influences one’s perception of the work experience.  According to a study by TINYpulse, “employees who give their work culture low marks are nearly 15% more likely to think about a new job than their counterparts.”  Beyond the more direct managerial factors, the study hints at how important the culture should be when you make a decision to join a company. Be it peer relationships or be it work ethics – they are indeed difference makers.  It’s only common sense to realize that positive working relationships can help make a tough job tolerable, and the data bears this out. That’s not to say compensation does not matter, but it has always been a hygiene factor only – less could lead to dissatisfaction but more need not lead to more satisfaction.

On that note, let me highlight a few things to the potential pool of graduates who will be participating in this year’s Graduate Recruitment Center in March. For someone willing to join Novo Nordisk, the recruitment centre in Denmark is one of the best places to get a feel of the Novo Nordisk culture in a nutshell. Your decision to join should not be only based on financial factors but also on the organisational culture that a firm has to offer you. When you participate, ensure you do so with an open mind and definitely not with a mindset of being examined or being assessed. Try to include everyone in your conversation and always be a good listener. Consider yourself already within the Novo Nordisk ecosystem while doing the activities. After all, organizational culture is a jointly shared description of an organization from within and with that perspective you will fare a lot better than a participant in an assessment centre would.

Wish you the very best!!!

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