Organizational Culture And Its Impact On Business Performance

717 Words Sep 27th, 2015 3 Pages
Organisational culture refers to a structure of shared perceptions, ideologies and beliefs that present the suitable and unsuitable behaviours to the organisation’s employees. .These principles have a huge effect on employee attitudes and overall organisational performance. Corporate culture could become one of the organisation’s strongest assets or its biggest liability, based on strategies utilised by managers to share customs and values with employees. . The culture, traditions and shared values within an organisation could lead to in enhanced corporate performance. Researchers have discovered that a relationship between corporate culture and company performance, regarding indicators that includes revenues, sales volume, market share and stock prices. This was reflected in the 2007 survey conducted by Bain and Company exhibited results that identified business culture is an important strategy for its corporate success
An organisation’s corporate culture would have a great influence on several of its managerial decisions. These include planning, organising, leading and controlling. Strong work place cultures serve as an asset to the organisation, providing them greater that will allow the firm to enhance its organisational performance. In contrast a weak culture serve as a liability, depleting the level of organisational accomplishments. Cultures with elements such as widely shared values, employee awareness of the culture, strong relationship between shared values and…

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