Every organization and every person has a spend culture. Take our free quiz to get a better understanding of how and why you spend your resources the way you do.
Just like every person has unique set of values and beliefs influencing how they choose to spend, manage, and invest their own money, each business also has a distinct Spend Culture that impacts its operations.
Spend culture is a segment of a business’s broader organizational culture that encompasses the values and behaviors of the people working within it. An organization’s Spend Culture reflects the shared beliefs and practices that informs how, why and when money should be spent.
Culture is fluid. It evolves over time, with each additional new hire -bringing their own experiences and ideas into the mix. Whether planned or random, all companies have a spend culture. Understanding your company’s spend culture will allow you to make conscious efforts to influence and guide it, gaining greater control over how the company vision is executed on the ground floor.