Corporate culture
Corporate culture is the collection of values, beliefs, ethics, and attitudes that characterize an organization and guide its practices.
An organization's culture can be articulated in its mission or vision statement. Elements of corporate culture include the organization's physical environment, human resource management practices, and staff work habits. Corporate culture is also reflected in the emphasis placed on various defining elements such as hierarchy, process, innovation, collaboration, competition, community involvement, and social engagement.
A corporate culture that reflects the broader culture is usually more successful than one at odds with it. For example, in the current global culture, which values transparency, equality, and communication, a secretive company with a strictly hierarchical structure will likely need help recruiting and retaining workers and appealing to customers and partners [Whatls.com].
It refers to a company's values, behavior, and working style. It indicates how a company treats its employees, customers, and community. For example, one company may give more importance to the environment than profitability. At the same time, another may be more concerned about increasing its bottom line even if its operations negatively impact the environment. Similarly, one company may want to get the most out of its employees, even at the cost of their health and personal life, while another may be more generous towards its workforce [Career Guide].
What Is Corporate Culture?. Career Guide. Retrieved from: https://in.indeed.com/career-advice/career-development/corporate-culture
Corporate culture. Whatls.com. Retrieved from: https://www.techtarget.com/whatis/definition/corporate-culture