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From Stanford University

Keller Williams is one of the most successful real estate franchises in the world. The leaders of the company attribute its growth in large part to a cultural model that emphasizes profit sharing, interdependence, and success through the efforts of others. However, in general, the impact of culture on performance remains an open question for the broader business world. Stanford University directly conducted a large-scale survey of Keller Williams associates to understand how associates view the company’s culture and whether perceptions of culture are associated with performance. They find evidence of an exceptionally strong and unique culture. Stanford reviews their findings in detail and ask:

  • Does a company with a strong business model perform better if it also has a strong culture?
  • How important is it that associates feel their company “cares” about them?
  • What role does leadership play in shaping culture? What role does the average associate play?
  • Are there costs to having a strong culture?

This Closer Look is a follow-up piece to How Important Is Culture?: An Inside Look at Keller Williams Realty (April 2015).

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