Psychological safety refers to the climate in which people operate, think and speak. A psychologically safe climate is one in which people feel comfortable being themselves and expressing themselves without the fear of retribution. This concept is directly applicable to the group dynamics of teams trying to spitball the next big thing; however, when we expand this view to our largest corporate group, the employee base, we start to see a lot of overlap with a true speak-up culture.
The rapid demise of the Weinstein Co., once one of the most successful movie studios in Hollywood, should have every CEO wondering: What skeletons does my organization have in the closet? And how could they destroy the value of my company’s brands, or the company itself?