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Corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. Corporate culture is rooted in an organization's goals, strategies, structure, and approaches to labor, customers, investors, and the greater community. As such, it is an essential component in any business's ultimate success or failure. Closely related concepts, discussed elsewhere in this volume, are corporate ethics (which formally state the company's values) and corporate image (which is the public perception of the corporate culture). The concept is somewhat complex, abstract, and difficult to grasp. A good way to define it is by indirection. The Hagberg Consulting Group does just that on its Web page on the subject. HCG suggests five questions that, if answered, get at the essence:
1 What 10 words would you use to describe your company?
2 Around here what's really important?
3 Around here who gets promoted?
4 Around here what behaviors get rewarded?
5 Around here who fits in and who doesn't?
As these questions suggest, every company has a culture-but not all cultures (or aspects of them) help a company reach its goals. The questions also suggest that that companies may have a "real culture," discernible by answering these questions, and another one which may sound better but may not be the true one.
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what is meant by corporate governance?
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this is so stuiped why do we need to learn about culture
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How is corporate culture formed?
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