Corporate culture Flashcards
Corporate culture
Values, ideas, beliefs, and expectations shared by members of a business (VIBE)
culture= whats normal
dictates- how to interact with internal and external stakeholders
Official
ON PAPER
values wished to be reflected in cc of business
-imposed by management
> in mission/vision statement
Real
IN PRACTISE
Actual values reflected in attitudes of employees/management
> in company history, unwritten rules
symbols
event or object that rep, smt important
-uniforms
-employee of month
-branding
heros
Successful employees who reflect values/example to others
- employee of month
Rituals
Routine behaviour patterns like everyday operations, traditions or social activities
- birthday celebrations
- team bonding
Values and practises
how things are done, what the business stands for i.e. mission statement
positive CC
good relationships
cooperation
staff loyalty
trust
negative CC
poor relationships
decreased work quality
conflict in management
lack of cooperation
absenteeism