When employees feel comfortable asking for help, sharing suggestions informally, or challenging the status quo without fear of negative social consequences, organizations are more likely to innovate quickly, unlock the benefits of diversity, and adapt well to change -all capabilities that have only grown in importance during the COVID-19 crisis.

Earlier this year, we surveyed 500 CEOs at large companies around the world about how they define culture and how it influences financial performance. We also asked them why and how they work to cultivate their own organizational cultures.

Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When your employees come to work, do they feel a palpable sense of being on an important mission? At the same time, do they show up as their authentic self?

Dr. Eugene Dilan is an International Organizational Consultant, Executive Coach, and Motivational Speaker. Creating psychological safety is a foundational step in cultivating a high-performing team culture. Dr. Amy Edmondson, a pioneer of the concept of psychological safety, characterizes this term as a "climate of openness" where team members feel comfortable sharing ideas, admitting mistakes and challenging the status quo.

Owner and Principal Consultant at Leadership Refinery , High Potential & Executive Leadership Coach. Leaders: It's time for a conversation about the hybrid workplace and your role in making it a success. For leaders who haven't managed a distributed team before, you may need to assess and develop a few of your leadership skills and habits.

Peer coaching is an exceptionally effective way to support employees in their career development. Let me tell you why and share a few steps on how to start a peer coaching program at your organization.