Thanks - and I have found that to be very true in every single thing I have ever done in my life. Each organization where that has been done properly did well, and the companies where it wasn't deeply ingrained and part of the culture suffered and struggled.
The teams I have personally lead has always outperformed the competition by multiples in productivity, efficiency and loyalty (retention).
You can have an average product marketed and deliver by an exceptional Team and do very well - vs have an outstanding product but a terrible organization and a substandard Team - and the organization will always eventually fail. Usually after humping and bumping along and struggling in misery for years.
The ability to attract, recruit, onboard, lead and reward determines the ultimate level of success of the company - in my experience anyway.
Thanks again for your thoughts and comments too.