3.4.2 Corporate culture Flashcards
What is a government fiscal policy?
Taxation
What is economics?
Allocation of scarce resources
What are the the different Classification of company cultures?
Power
Role
Task
Person
What is Corporate culture?
The values and standards shared by people and groups within an organisation
The culture of a business affects the way the business operates in which ways?
Decision making Organisational structure Communication Leadership styles Attitude towards work Workforce performance
mcgregor’s theory y is ?
Soft HR
Decentraslised
Democratic
Person Culture
mcgregor’s theory x is ?
Hard HR
Centralised
Autocratic
Power Culture
What type of company sytle does Richard Branson use?
Matrix
Task culture
Democratic
What management style does google use?
Laissez Faire
What are the effects of coroporate culture?
Impact on staff motivation - Workforce performance indicators Effects decision making - Speed - Level of involvement Competitiveness of the business - Innovation - Adaptability Brand image - Consumer perception - Stakeholder opinion
What are features of a weak culture?
Little alignment with organisational values
Employees have to be forced to perform duties
Greater management control and supervision
What are some features of String culture?
Staff respond positively to organisational values
Motivated and loyal workforce
Greater efficiency
Accept roles and responsibilities willingly
Abide by policies
What is the blake and mouton management grid?
Look it up to find a photo and copy it
How is corporate culture formed?
- Personalities and beliefs of the founders and leaders
- Behaviours of founders and leaders on an ongoing basis
- Recruitment and training in line with culture
- Day to day actions of all employees
Difficulties in changing and established culture?
Resistance to change
Lack of Trust
Period of adjustment
Difficult to change habits that may have been embedded over a long period of time
