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Corporate Culture
The culture of an organization is the set of values, beliefs, behaviors, customs, and attitudes that helps its members understand what the organization stands for, how it does things, and what it considers important"(Griffin, 49). In other words, "the way things work around here" (Dr. Williams). In order for any small business or large corporation to be successful, the employees must understand what is expected of them. While things might be slightly different in a large corporation versus a small "mom and pop shop", the goal of both is the same. MAKE THE BUSINESS MONEY. The topic of my paper will be on makes a good corporate culture.
Running a business is not so much about the particular business but instead about the "sound business philosophies" that are shared by every level in the organization (Chapin, 1). Fortunately for smaller business's, finding those "business philosophies" are not as hard or have the need to be as complex as big corporations. According to Steven Chapin, author of "Building a Sound Company Culture", there are four basic building blocks that serve as a strong foundation for the company. These four blocks are integrity, leadership, dedication, and service. "Integrity is the keystone" (Chapin, 1). Complete honesty is the ethical way and should be the only way that one does business. Without integrity, there would be no trust between your company and the customers. When clients and consumers trust you, they want to do business with you and will continue to do business with you until they feel as though the integrity has been sacrificed. The second "building block" for a sound corporate culture is leadership (Chapin 1). Leadership is not only a quality that upper management and managers need to have, but instead it is a quality that all members of a business should develop (Chapin, 1). If a company only had one "leader" then the company would not be very successful because that particular person would be only person to incorporate change in the company. With many employees having leadership qualities, a company is able to better itself with by having multitude of ideas to choose from to better the company. If a company wishes to better leadership qualities then the company should encourage and "active participation in technica...
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...enefit the company with a good out flow of energy released. Miler’s next principle is the excellence principle. “Our culture values comfort, both material and psychological” (Miller, 15). “We feel as though we should achieve personal satisfaction and fulfillment” from our job (Miller, 15). According to miller the only way to encourage excellence is to provide dissatisfaction (Miller, 15). Miller also states that a workers satisfaction is often in conflict with excellence. The average employee would rather not come under any tests and trials and it is this motivation, in part, that keeps them going (Miller, 15). The consensus principle is Miller’s next idea. “Managers are stuck in the culture of command” (Miller, 15). An organizations ability to bring ideas together and the challenge of making the employees/managers think creatively will be the success of a company (Miller, 16). It is important, according to this principle, for the employee to share his thoughts and feelings. It is also important for the employee to change his efforts from physical energy to mental energy (Miller, 16). It is “This change in task” that “necessitates a change from command to consensus” (Miller, 16).
Each organization big or small has its own values, ways of doing things and assumption that it operates in. The principles and ethics that exist in each of these companies are the baseline through which the company operates its affairs. This is what can be called as that organization’s culture. The culture in existence has an impact on the productivity, effectiveness and efficiency (Keyton, 2011). The basis of setting the most appropriate culture of a company is not only to move or increase the profitability but also to make the stakeholders happy and satisfied. One aspect of that is the employee or the human resource the firm who put their expertise in the firm and add a bit of creativity and innovativeness to move the products. Chick-Fil-A operates in a competitive industry thus it requires all the stakeholders.
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
In an ever-changing and fast paced business environment that most businesses today are entering, there is a need for a competitive advantage. In a business environment with a new generation entering the workforce, there’s much more observed than whether a business is performing well. Other aspects, specifically corporate culture, is taken into account and assessed in regards to a company’s performance and likeability. This paper will cover the background and importance of corporate culture in relation to values, mission and ethics through studies and real-life company examples such as Google and Amazon.
(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
...nd education about the culture are important in order for it to be noticeable and respected by all members. If the corporate culture finds resistance, then the company should let go of those who don’t share the core values. To encourage practice among all members the company should apply a reward strategy that celebrates success, which could be measure by setting expectations with anticipation.
I. Overview According to the 2016 Global Powers of Retailing reports Costco is the second largest retail store, ranking behind Walmart. 1983, Costco opened its first warehouse store in Seattle, Washington as PriceCostco. Costco started with a partnership with Price Club opening multiple locations throughout the United States. After 10 years with the partnership, Costco made the decision to to run their warehouses in different way with developing memberships and the changing the name to what we all know and love started Costco Warehouse.
Every organization has its own culture that plays an important role in shaping the behavior of the organization and its employees. One definition of organizational culture states it is “the values and behaviors that contribute to the unique social and psychological environment of an organization” including “the organization’s expectations, experiences, philosophy, and values that hold it together” (Organizational Culture, 2015). Basically, organizational culture is the combination of a company’s “attitudes, beliefs, customs, and written and unwritten rules that have been developed over time and are considered valid” (Organizational Culture, 2015).
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.
The culture within an organization can make or break how productive and how responsive the business operates. Organizational culture is the set of shared, taken-for-granted implicit assumptions that a group holds and that determines how it perceives, thins about, and reacts to its various environments, (Kinicki, A. and Kreitner, R., 2009).With that being said it becomes important to set values that you want everyone to work by. This will help when new employees are added to the team and will also help ensure that the behaviors within the organization are acceptable and beneficial to the overall outcome of the business. The culture should be determined right from the start so the right employees are hired. It becomes important to make sure that you have a way of identifying the people that truly allow your company to be successful and not just hire the superstar, (Morgan, H., 2008). Not everyone will fit in to all of the different type of organizational cultures.
Culture is a shared philosophy. Accordingly, a corporate culture is one shared within an organization. Corporate culture is instinctual, inherent, and highly immeasurable. It is an inexact science, a style of doing business comprising “beliefs, mores, customs, value systems and behavioral norms, and ways of doing business that are unique to each corporation” (Brusseau, 2012, p. 428). The author further extrapolates the philosophy as giving direction, administering advice, and recognizes the importance of its people; constantly changing, it is created, blooms, and can perish within each organization.
Importance of organisational culture Organisational culture is one of the most valuable assets of an organization. Many studies state 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 the 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 demand of the industry environment. For example, a company with a flexible, and innovative organisational culture will create competitive advantages that benefit the organisation's performance.
Companies should have only enough workers to perform essential operational functions. Hire employees who are well trained and able to pro-vide results. Moreover, employees should be happy, keep them motivated. Remember that just being good at one thing doesn't mean it's enough for the business to be successful. The owner should be adept at several things such as hiring, accounting, marketing, public relations, etc. And, although initia...
The concept of organizational culture is one of the most debated topics for researchers and theorists. There is no one accepted definition of culture. People even said that it is hard to define culture and even more change it. It is considered a complex part of an organization although many have believed that culture influences employee behavior and organizational effectiveness (Kilmann, Saxton, & Serpa 1985; Marcoulides & Heck, 1993; Schein, 1985a, 1990).
The future of an organization is often built upon its present foundation. Before business leaders can plan for the future, they need to make sure that the fundamentals of their business today are sound and robust. Organizational culture plays a very important role in affecting business performance in the long term. To many people, business failures can be traced to failure of corporate culture. Good organizational culture ensures things take care of themselves. Like Zappos CEO Tony Hsieh said, “If you get the culture right, most of the other stuff like delivering great customer service or building a long-term enduring brand will just happen naturally on its own.”
The following chapter will explain in detail the aspects of the culture that creates an image of the company.