More bad press
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https://www.jdsupra.com/legalnews/3m-pays-ofac-9-6-million-to-resolve-1972129/
Signs That Your Company Culture Is Rotting
It doesn’t take a lengthy employee survey or the work of costly Consultancy services to find out if your company’s culture falls on either end of two extremes. Company Leaders and employees once tuned in enough to its modus operandi, can often confirm the reality of their own working environment with very little prompting. They feel the energy when the environment is good and they experience the funk of a rotting environment when it is bad.
Company Culture Is Currency
The culture of an organization is its overall personality, its essence. It is the experience that people have when they are in the work-space and it characterizes the environment within which the employees work. It is forged by its values, ethics, systems, goals, behaviours and habits. A winning culture includes a healthy level of employee engagement, loyalty, effective communication and productivity, among other things. Likewise, a rotting culture exists where a company is suppressive and dismissive of its employees, displays bad business practices and poor leadership. The culture of your organization, therefore, can contribute greatly to its success or failure.
Bad Company Culture
Leaders must be vigilant in identifying symptoms of rotting culture within their organization in order to allow a positive working environment to blossom. Some of these symptoms include:
- Lack of core values – An organization without identifiable core values will see its workforce operating without a sense of direction – often away from the organization’s goals.
- Employees lack trust in the leadership of the company – Employees may become resentful, for example, if their Leaders display behaviours that are contradictory to the company’s stated values. As a result, their authority may be discredited and a barrier formed between themselves and the staff.
- High turnover rate and lack of loyalty – A bad working environment will often cause employees to abandon a company in search of a less “toxic” workplace and drive away potential talent.
Take a step back, take a look around and see what type of culture is present or emerging within your company. If you suspect that your company needs a change of culture, it would be beneficial to seek impartial and objective intervention immediately, to steer it into the right direction.
I agree. Totally hate those mandatory compliance online courses that waste your time. W.T.F.
I think our culture is rotting as well, but this isn't really a good example because 3M self disclosed it, people got fired over it, 3M cut off the intermediary, and paid a fine equivalent to all the revenue. This isn't an example of corruption where you pay a million dollar fine to make a billion in profit. As far as ethics goes, that's about as good as you can do (besides not having crooked people do it in the first place, obviously).
https://www.pdconsults.com/blog/signs-that-your-company-culture-is-rotting
Axis of Evil.
Law firms really loving 3M right now.
In all seriousness I have lost all respect for this company. The only way to redeem itself is to pay what is owed to the plaintiffs (earplug, PFAS, whatever not on news yet) even if it means removing dividends and a 3M stock plummets.
Oh yeah - also removal of leadership that have any sort of link to the above. Too bad the company will probably go belly up but at least it does so with grace.
F any future compliance and training - obviously its been a waste of everyone's time.
The Axis of evil
While we are severely cutting operational costs and inventory, there is a leaking bucket to pay for all the legal fines. What's going wrong with this company? 3M FORWARD??
3M East only existed for these types of sales … the sales leaders didn’t last long in position and was always at arms length
What @tlp+1oJQR6EG said. WTF indeed.
In my great many years of export compliance training one clear message was to do absolutely nothing with Iran without legal's prior express written approval. The same rules went for a handful of other countries.
I knew 3M East was always a bit sketchy as a sales org, but damn...
Whisk-y Tango Foxtrot!
3M has had compliance training on export control and sanctioned countries for more than 10 years. It may have been the first online legal compliance training that was rolled out to the masses.
"3M named as one of the World's Most Ethical Companies by Ethisphere Institute for 10th consecutive year."
Someone at Ethisphere institute about to get canned with all the unethical news coming out about 3M lol.
Anyway boys and girls looks like more legal and compliance training for everyone! Cant wait to connect more puzzles and get on my way to a high score!