Please join me for episode 12, part one of Rittener Reflections as I am joined by Ken Wilcox the former CEO of Silicon Valley Bank (SVB) from 2001 to 2011 and CEO of SVB’s joint venture with the Shanghai Pudong Development Bank in Shanghai until 2015.Episode
12: Is Culture more important than Strategy?

Please join me for episode 12, part one of Rittener Reflections as I am joined by Ken Wilcox the former CEO of Silicon Valley Bank (SVB) from 2001 to 2011 and CEO of SVB’s joint venture with the Shanghai Pudong Development Bank in Shanghai until 2015.Comments
One response to “12: Is Culture more important than Strategy?”
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There are two institutions that govern the world of business.
The first is formal institutions, the second is informal institutions.
The first dictates laws, rules, and regulations that govern how one must, should, and can organize a business.
The second institution consists of culture, ethics, and norms.
What is the most important institution?
It’s the second one, as that fills in the gaps that the first institution cannot legislate, suggest, or guide organizations through. Therefore, culture is very important.
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