Corporate culture

Question 1

mentor

Answer 1

a person who gives others help and advices over a period of time

Question 2

dress code

Answer 2

a set of rules that tell you what you can wear

Question 3

autocratic boss

Answer 3

a boss who demands total obedience from staff

Question 4

bonus

Answer 4

extra amount of money given to you as a reward

Question 5

do thing by the book

Answer 5

follow the rules exactly

Question 6

vision

Answer 6

view of how the company will be like in the future

Question 7

cut-throat

Answer 7

fierce, not involving consideration or care about harm caused to others

Question 8

back-up

Answer 8

support

Question 9

get-togethers

Answer 9

informal meetings

Question 10

sink or swim

Answer 10

situation in which you either suceed or fail and you can’t count on help from anyone

Question 11

red tape

Answer 11

excessive and unnecessary rules and procedures that delay the results

Question 12

publicly accountable

Answer 12

responsible to the government

Question 13

streamlining

Answer 13

making something more effective

Question 14

dotcom

Answer 14

an internet company

Question 15

yardstick

Answer 15

a set standard by which you can judge the success of something

Question 16

rat race

Answer 16

an environment in which everybody competes with each other and you can’t count on help from others

Question 17

to talk things through

Answer 17

to discuss something thoroughly

Question 18

to come up with an idea

Answer 18

to produce an idea

Question 19

to stick to

Answer 19

follow

Question 20

to turn up

Answer 20

arrive

Question 21

to get ahead

Answer 21

to achieve a success in your field of work

Question 22

boils down to

Answer 22

comes down to, “the essential thing is…”

Question 23

board

Answer 23

a group of people appointed to manage a company

Question 24

bottom-line performance

Answer 24

the final result of financial performance of a company, stating profit or loss that was made

Question 25

revenue

Answer 25

the income that a company receives regularly

Question 26

shareholder

Answer 26

a person that owns shares of a company

Question 27

return

Answer 27

the amount of profit on an investment

Question 28

shift

Answer 28

a set period of time when people work

Question 29

incentive

Answer 29

something that encourages a person to do something

Question 30

progressive corporate culture

Answer 30

it’s a transitional culture where uncertainty is the definitive trait - companies often have investors or advertisers to answer to as well as employees (who often don’t know what to expect next)

Question 31

conventional corporate culture

Answer 31

these companies have clearly defined hierarchies; they have a strict dress code, they are numbers-focused and their decision making is risk-averse

Question 32

horizontal corporate culture

Answer 32

executives work side by side with junior staff; titles don’t mean much; these companies are flexible and able to change based on market research

Question 33

elite corporate culture

Answer 33

companies that hire only the best; they’re always pushing the envelope (behaving in more extreme ways, or trying new things that have not been acceptable or tried before) and need the employees to lead the way

Question 34

team-first corporate culture

Answer 34

team oriented companies that hire for culture fit first, skills and experience second