Quick observation on this. We hear a lot about team and culture at startups. ”Can this founder recruit well and build an awesome team?” ”Would I want to work on a team with this person?”
In bigger companies, culture obviously matters also. I spent the six years prior to school at Bank of America Merrill Lynch as an investment banker and as a private equity investor. I covered financial institutions. Not only was I right in the middle of the financial crisis, but all of my clients were too. I had a front row seat. Along that six-year rollercoaster, I worked on/interacted with some stellar teams and with some absolutely miserable ones.
Not sure if I have a ton to add to the “culture matters in business” conversation at this point.
However, I have found it fascinating to listen to people in completely different disciplines discuss people and culture as much as us “business people” do. My fiancee is currently a third year medical student at Weill Cornell. This year, she and all of her classmates do their several-week “rotations” through different areas of the hospital to get a taste of a bunch of career options. Think of it like a full year of short summer internships, except way, way, way more stressful.
Anyway, I’ve heard iterations of this sentiment constantly from her and her classmates: “I think I [love/hate] rotation X, but my attending physician was [terrible/awesome] so I can’t tell if I like the job or the people” or “Oh you just had your ABC rotation? Who was your attending? Oh s/he’s [amazing/miserable]”.
These several-week rotations are going to inform her and her classmates’ decisions about what kind of doctor to be- a pretty important call. Interesting that one good or bad personal experience can impact such an important decision.