Culture of Blame May Inhibit Returns at Investment Firms

Your portfolio underperforming? A negative culture at the firm you’re investing with could be the culprit. A recent article in The Journal of Portfolio Management reveals that a culture of blame in investment organizations is harmful for stakeholders. It induces defensiveness and reduces collaboration, openness and learning. The result: poor operating performance, poor employee engagement and poor client experience. “Clearly, the presence of a culture of blame should be considered a meaningful predictor of poor long-term investment results from organizations,” authors Jason Hsu, Jim Ware and Chuck Hseinger conclude in their article The Folly of Blame: Why Investors Should Care…