March 6, 2023
CREATE A QUALITY
CHRISTIAN CULTURE
As an investment consultant to more than 75 nonprofit organizations both secular and religious, we are often surprised how stressed the corporate culture can be at many of these organizations.

While values are certainly important, they can’t be a substitute for a culture that keeps your team eagerly coming back to work every day.

As management consultant Peter Drucker famously said, “Culture eats strategy for breakfast.”

Innovest has been awarded “Best Places to Work in Money Management” seven of the past eight years.* We not only credit our corporate culture for this recognition, but we also see it as a big reason we have grown 25 of the last 26 years. 
Consider four key ideas to help create and maintain a quality Christian culture.
(1) Offer gratitude for specific accomplishments – big and small.
A dozen years ago, I started an all-firm email that I would send over the weekend. That “Why We Love Mondays at Innovest” notes extraordinary effort and accomplishments by members of our team. It often includes milestones like promotions, employment anniversaries, and birthdays. New clients and prospects are mentioned and celebrated. Significant contributions by individuals working on behalf of clients or each other are highlighted. 

(2) Tithe and volunteer.
There is no team building exercise that does more multiple “goods” than working for those that are less fortunate. Although many faith-based organizations set up various opportunities for their volunteers, many do not create opportunities for their employees to volunteer outside their organization. 

(3) Encourage attending family events.
Our people go beyond the call of duty. We do not want them missing special family events. Ball games, dance recitals, sports tryouts, swim meets, and spelling bees are all important. We know that their work will get done, and together with their close teammates, they will figure out how to solve any problem. 

(4) Evaluate your fellow workers with comprehensive peer reviews.
We believe that anonymous peer reviews are another key to our culture. By nature, many churches and faith-based companies are hierarchical. For that reason, it is especially important that those at the top of the organization are evaluated. This will create trust and accountability throughout and, most importantly, illuminate things that can help you improve. These peer reviews are shared with managers and help form a basis for manager reviews as well. 

Innovest is over 25 years old. We recognize that some of our tactics are easier for larger firms than smaller firms. We do things today that we could not do in the beginning. But pursuing a strong culture cannot be dismissed as a function of size. Culture is always a key element of any organization’s success – and often a key contributor to failure as well.  
Richard Todd is the CEO and Co-Founder of Innovest Portfolio Solutions. He has more than 35 years of experience in investment consulting and currently provides consulting services to institutions and families. Rich was named one of America’s top 100 independent investment advisors by Barron’s and was selected as a 2017 outstanding CEO by ColoradoBiz magazine.

* Innovest has been nationally recognized by Pensions & Investments as a Best Place to Work in Money Management seven times in the last eight years.
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