How Culture Impacts Professional Development

Culture is the glue that binds a firm together and it's the hardest thing for competitors to copy. It plays an essential role in the performance of any business, and as an industry, consulting is highly dependent on the values and loyalty of individuals. Consulting firms rely on the culture and morale within their organizations more than most.

Statistics have shown that a company's culture has a direct impact on employee turnover and a Columbia University study indicated that the likelihood of job turnover at an organization with rich company culture is a mere 13.9 percent, whereas the probability of job turnover in poor company cultures is 48.4 percent.