How Fortune 500 Companies Build Strong Relationships And Communication.

The world is changing, the backbone of any Fortune 500 company's success lies in it's ability to build relationships and communicate effectively within the organization.

Remember what we were taught in the military, shoot, move and COMMUNICATE.

The best of these companies understand that building a cohesive team leads to innovation, team satisfaction, and ultimately a healthier and robust bottom line.

Here are how top teams achieve this, illustrated with specific examples.

OPEN DOOR POLICY:

Companies like Google have long championed an open door policy, encouraging employees to voice their concerns directly to management, BUT still use your chain of command.

This approach not only democratizes the flow of information but also helps in building trust between leadership and team members. It creates an environment where EVERYONE feels valued and heard, leading to higher team engagement and retention.

REGULAR FEEDBACK AND ACTION TAKEN ON THAT FEEDBACK:

GE , under the leadership of former CEO Jack Welch, revolutionized the concept of feedback with its 'Work Out' program. This initiative involved town hall meetings where employees could present solutions to problems without red tape, directly to the management.

Such feedback loops ensure that communication is two-way and that team contributions are recognized and acted upon, enhancing a sense of belonging and commitment. Jocko Willink & Leif Babin talk about this in their new book The Dichotomy Of Leadership.

INVESTING IN TEAM BUILDING:

Salesforce is know for its emphasis on creating "Ohana Culture" which stands for family in Hawaiian. The company invests heavily in team building activities and community events that promote unity and a shared sense of purpose. People love being involved in a cause or mission.

By nurturing relationships outside of the standard work tasks, Salesforce encourages a more cohesive team environment that translates to better communication and collaboration during work.

LEVERAGING TECHNOLOGY FOR BETTER COMMUNICATION:

Microsoft uses its own suite of tools like Microsoft Teams to enhance communication within its vast global workforce where employees can collaborate and share ideas freely, regardless of their geographical location,

Zoom also ensures that all voices can be heard and that collaboration is continuous and efficient.

ENCOURAGING CROSS-DEPARTMENTAL INTERACTIONS:

Apple promotes cross departmental interactions through its Apple University program, which educates employees about different aspects of the company and its products.

This initiative helps in breaking down silos and building a more integrated approach where team members understand and appreciate the roles and challenges of their colleagues in other departments. Like my Dad said "Make Sure Your Left Hand Knows What Your Right Is Doing."

IN CONCLUSION:

Fortune 500 companies set the standard for internal communications and relationship building by promoting policies and practices that provide transparency, feedback, teamwork, technological integration, and cross departmental understanding.

By implementing these strategies, they not only enhance their operational efficiency but also create a more engaged and profitable company.

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