Corporate Culture

Question 1

What is the definition of ‘Corporate Culture’

Answer 1

Corporate culture is the shared values and beliefs of a business and its employees.

Question 2

What is the definition of ‘Official Corporate Culture’

Answer 2

Official corporate culture involves the shared views and values that a business aims
to achieve, often outlined in a written format.

Question 3

What is the definition of ‘Real Corporate Culture’

Answer 3

Involves the shared values and beliefs that develop organically within a business, and are practiced on a daily basis by its employees.

Question 4

What are the three similarities

Answer 4

1. Both official and real corporate culture are concerned with the shared values and beliefs of people in the business.
2. Fostering both a positive official and positive real corporate culture can lead to improved business performance.
3. Both official and real corporate culture aim to change the way employees interact with each other and the business.

Question 5

What are the three differences?

Answer 5

1. Official corporate culture is often written in business documents, whereas real corporate culture is usually unwritten.
2. Official corporate culture is institutionalised by formal documents and rules, whereas real corporate culture develops organically in unwritten interactions between employees.
3. Official corporate culture includes the ideals of businesses, whereas real corporate culture includes what occurs in actuality.