Your portfolio underperforming? A negative culture at the firm you’re investing with could be the culprit.
A recent article in The Journal of Portfolio Management reveals that a culture of blame in investment organizations is harmful for stakeholders. It induces defensiveness and reduces collaboration, openness and learning. The result: poor operating performance, poor employee engagement and poor client experience.
“Clearly, the presence of a culture of blame should be considered a meaningful predictor of poor long-term investment results from organizations,” authors Jason Hsu, Jim Ware and Chuck Hseinger conclude in their article The Folly of Blame: Why Investors Should Care About Their Managers’ Culture.
The study includes the views of 3,245 respondents across 70 investment organizations with assets...
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