Mauneel Desai shares a presentation based on his blog "4 Elements of Successful Startup Culture"

1. 4ElementsofSuccessfulStartupCulture
MauneelDesai

2. AcknowledgeingEmployeeEfforts
One of the most important factors in building a successful startup
culture is acknowledging the efforts that each employee put in the
progress of the organization. Startup companies have a small
number of employees as compared to the large multinational
corporations, which have hundreds of workers. Therefore, every
worker wants to feel appreciated and valued because of the role
they play.

3. EncouragingOrganizationalInnovation
Large companies have laid down procedures that highlight how operations
and organizational activities should be undertaken. However, startup
companies are often still in the process of developing strategies and
policies for performing various activities. This is an opportunity that can be
used to maximize innovation in the company. Leaders of startup entities can
encourage workers to come up with multiple and innovative methods of
performing various activities, which will encourage innovation culture in the
company.

4. OpenCommunicationChannels
Another important element that
encourages a thriving culture of a
startup company is an open
communication channel. In a small
company, communication is essential
for all people who play a critical role
in the development of a robust and
reliable organizational culture. Open
communication channels give an
opportunity for company owners,
investors, managers, employees, and
even other stakeholders to share
ideas with ease.

5. Resilience
Startup companies operate in a ruthless market that does
not give them an opportunity and chance to expand.
Products and services are likely to face extreme
competition from already established entities. This is also
the period when the company’s funding strategies fail
causing the entity to experience severe financial distress.
Startup companies have the opportunity to build a
resilience culture that will help them to withstand
challenges at a future date.