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Company culture and leadership
Positive and negative impact of organization culture
Determinants of the organizational culture
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Recommended: Company culture and leadership
Guo & Feng (2014) explains that a culture has set of elongated held values, beliefs, expectations, and practices shared by a group that signifies what is important and influences how an organization operates. Therefore, a culture is a consequence of customs, traditions, ideals, ethos, values, and norms of conduct that have existed for many years. Thus, a culture promotes certain norms of conduct, and leaders who manage operations are affected by their law of the land, require the highest level of individual and organizational discipline along with moral values. However, the law of land is the standards of conduct that structures the discipline imperative to which individuals must adhere. The moral and ethical tenets of this standard characterize …show more content…
It engages the hearts and minds of the organization so that they are committed to the new vision, direction and values and inspired to do their best work. Through interviews, assessment tools, various engagement activities and seminars, all partner with clients to develop highly effective growth strategies and self-sustaining, intentional cultures.
Henry (2011) presents the probable difficulties of how organizational culture influences the implementation of succession planning, a critical requirement of organizational longevity. Organizational culture as a contextual factor in succession planning has not been rigorously researched. It is, however, an important area for study and theory generation. An understanding of the cultural context within which a succession planning system operates may serve to enhance the implementation, utilization, and change of succession planning systems in organizations.
To develop an understanding of the role organizational culture plays in how executives and managers influence the implementation of succession planning programs resulting in an executive level succession. Henry (2011) mentions a conceptual model of the succession planning research to date that highlights the antecedents, events and consequences, as well as their mediating contingencies, within the succession planning
When I think of corporation culture I think of vision, beliefs, values having a united front and activities of member within the company that affect society and the environment. A company’s leadership provides the vision and support needed for ethical conduct, in order to be successful. As well as to maintain a good relationship with society companies needs plans and structure for addressing ethical concerns. (Ferrell et al, 2013 p.219)
Organizational cultural is the system of shared beliefs and values that develops within an organization and guides the behavior of its members, while organizational structure is an expression of social and economic principles of hierarchy and specialization (Kinicki, 2015). Both the culture and the structure of an organization are important things for management to understand in order to successfully set and achieve an organization’s goals. Companies who excel in highly competitive fields can attribute their successful economic performance to a cohesive corporate culture that increases competiveness and profitability. This culture is best utilized in an organization that has the necessary structure to allow its employees to coordinate their
(2014) is “the way in which leaders interact, make decisions, and influence others in the organization” (p 237). The culture needs to foster cooperation from all areas of an organization, while providing the ability for adaptation and growth. Not all organizations culture will be the same, there is not a correct one that can blanket all organizations to cozy success. (3) Talent Systems. Human capital drives all organizations, the right people need to be in the right jobs with the correct opportunities for growth and advancement. There must be a constant search for strategic thinkers and leaders able to step up with called upon. The authors mention “Talent Sustainability” (p. 248), there must be enough qualified employees ready to move up so the organization will not stall while searching for others to replace others due to attrition, or other opportunists. (4) Organizational Design, must take a number of variables into account while providing structure to an organization. Hughes et al. (2014) state “the design of the organization is a trade-off between options, each with advantages and disadvantages” (p 253). The correct design can help clear the hierarchy of an organization and the proper channels for
In any firm, having an effective management culture is critical to a firm’s success. But once you look at this topic on an international scale, culture can change based on what is right and wrong in a different country. To demonstrate this theory, I have interviewed two different people who have either came to work in the United States from another country, or born domestically and have experience working abroad. One of them is my father, James Lai (Exhibit A); he is an immigrant from Hong Kong, China and have worked extensively in the graphics design industry for many large companies. Some of these companies that he has worked for includes the following: Toymax (now currently a subsidiary of Jakk Pacific Inc.), TecnoZone, The Zone & ENE Group
The concept of organizational cultures was first raised in 1970s, and soon became a fashionable topic. Organizational culture is the shared beliefs, values and behaviours of the group. Theorists of organizations believe that organizational culture represents the pattern of behaviours, values, and beliefs of an organization. Hence, studies around organizational culture have been seen as great helpful and essential for understanding organizations and their behaviours. Additionally, organizational culture has been considered to be an important determinant of organizational success. Therefore, leaders and managers pay more than more attentions on this topic, focusing on constructing and managing organizational cultures.
Culture can be defined as “A pattern of basic assumptions invented, discovered or developed by a given group as it learns to cope with its problems of external adaptation and internal integration that has worked well enough to be considered valid, and therefore to be taught to the new members as the correct way to perceive, think and feel in relation to those problems”. Schein (1988). Organizational culture can be defined as a system of shared beliefs and values that develops within an organization and guides the behavior of its members. It includes routine behaviors, norms, dominant values, and feelings or climates. The purpose and function of this culture is to help foster internal integration, bring staff members from all levels of the organization closer together, and enhance their performance.
Culture is “a system of shared beliefs and values that develops within an organisation and guides the behaviour of its members” (Schermerhorn et al. 2011). It plays an important role in any organisation. For instance, in Woolworths we can se...
Organisational culture is one of the most valuable assets of an organization. Many studies states that the culture is one of the key elements that benefits the performance and affects the success of the company (Kerr & Slocum 2005). This can be measured by income of the company, and market share. Also, an appropriate culture within the society can bring advantages to the company which helps to perform with the de...
Culture varies from one organization to another as it is shaped by the values and beliefs of the people working there. As it progresses over the years, it takes form in such a way that it works or performs in a manner to regulate behavior, action and decision making processes within the organization. It not just includes written rules and regulations, but also the behavioral aspects faced by each one on a day to day basis.
A Strategically Structured Outline For Business Succession Planning One of the real issues I ask entrepreneurs is: "Do you have a progression plan or leave procedure for your business? " I likewise ask workers: "Do you know whether a progression plan or leave system exists in your organization or association? " You might be amazed to realize that I would say more than 90% let me know they have no progression plan or leave technique. A 2004 CIBC Small Business Outlook Poll (directed by Decima Research), showed that 39% of little entrepreneurs plan to offer their business and 15% arrangement to have a relative assume control.
Organizational culture is the key to organizational excellence and leadership is a function to create and manage culture (Chen 1992). Organizational researchers have become more aware of the importance of understanding and enhancing the cultural life of the institution. "This study is one of a group of companies with high-performance in North America, interest in organizational culture is an important element in organizational success. Tesluk et al (1997). Looking at the" soft "of the organization, the researchers claim that" the organizational culture may be suitable for a means to explore and understanding of life at work, and make them more humane and more pronounced (Tesluk et al, 1997), and the graves (1986) also stressed the importance of corporate culture, and the need for research strategies and methods of investigating the various elements and processes of the organizational culture. He argued the culture that meets the basic needs of belonging and security in an attempt to describe this gathering that culture is "the only thing that distinguishes one company from another gives them coherence and self-confidence and rationalises the lives of those who work for it. Standard that may seem random, is to enhance the life to be different, and safe to be similar, and culture is a concept that provides the means to achieve this compromise (p. 157).
Lately, the succession planning has taken on a new and higher visibility as organization’s board members are seeing the value of it by learning from the triumphs of other organizations. Succession planning is an ongoing dynamic process that prepares an organization for future critical vacancies by assisting in aligning organizational goals and its human capital needs (Kowalewski, Moretti, & McGee, 2011). Succession planning is becoming a must haves in order to provide the continuity and future success (Walker, 2005). An organization should have a written succession plan, which addresses possible contingencies for the possible reasons of positions getting vacated in the future, for all the levels, not just the senior level positions. Every employee contributes to the overall success of the organization, hence, every position should be treated important and backed up by a thoroughly thought out succession plan. A succession plan should be dissected into smaller more manageable steps for professional to
, Love and Kindness, Courage and Integrity (Kerns, 2003). Furthermore, the key to success in developing and maintaining the culture is constantly measuring, tracking, and enhancing organization’s practice of ethical behavior. Executives and organizations that do not make an ethical culture an enduring precedence risk long-term business complications. Ethical culture is the single major element in discouraging misconduct, and bad conduct by even a small number of employees can jeopardize a company (Ethics Resource Center,
The management and ownership of the family businesses have an impact on employee performance. The Trump family is a story of success when it comes to succession planning. Donald trump inherited the father’s estate and elevated it to the pinnacle of success it is today. This shows that although succession is a challenge there are people who have successfully combated it and succeeded. In retrospect while the majority of business owners would like to see their business transferred to the next generation it is estimated that 70 percent will not survive into the second generation and 90 percent will not make it to the 3rd generation. (Family firm institute www.ffi.org) .This study provides statistics which indicate that there are no effective successions plans being conveyed by the owners of the business to the business. Succession plans have an impact on the continuity of family owned business and as a result also impact the Employees who are part and parcel of the business. The aim of this research is to know how exactly how the family component and succession planning impacts and contributes to the employee performance in family owned
A successfully succession process takes place when the planning is done before hand only and all the modalities should be taken care off. But the owners frequently recognize that the succession planning as a bureaucratic and restrictive process. This bias will lead to the unsuccessful management transition in family