Understanding Corporate Culture: Its Importance and Impact
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Corporate Culture
What is Corporate Culture?
Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact and handle outside business transactions. It's characterized by being:
- Shared
- Pervasive
- Enduring
- Implicit
Corporate culture implies:
- Behaviors observed regularly in the relationships between individuals.
- The norms that are developed in working groups.
- The philosophy that guides a company's policy regarding its employees or customers.
- The dominant values accepted by a company.
- The "rules of the game", that is, the ways that a newcomer must learn to be accepted as a member of the group.
- The environment or climate.
6 Components of a Great Corporate Culture
1. Vision
A company's mission, often expressed... Continue reading "Understanding Corporate Culture: Its Importance and Impact" »