It is said—and widely accepted—that culture eats strategy for breakfast. Company culture is also an important driver for innovation. According to a 2016 Gartner Financial Services Innovation Survey, “The biggest threat to innovation is internal politics and an organizational culture which doesn’t accept failure, doesn’t accept ideas from outside, and/or cannot change.” Another MIT Sloan School of Management study found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture.
