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Corporate Culture Assignment Sample

   

Added on  2021-05-31

5 Pages943 Words16 Views
Running head: BUSINESS LAWBusiness LawName of the University:Name of the Student:Author Note:

1BUSINESS LAWCorporate culture can be referred to the behaviors and beliefs, which determine howthe employees of any company interact with their organizational management and handlebusiness transactions. Corporate culture is often implied and developed organically over thetime from cumulative traits of individuals, hired by the company. The culture of the companygets reflected in its business hours, dress code, office setup, turnover, employee benefits,clients’ treatment, hiring decisions, client satisfaction and other aspect of the operations. Inaddition to this, the culture comprises the norms, vision, location, language, habits, symbols,values and belief of the corporation1. The organizational or corporate culture can be defined as the emergence of anycomplicated state that cannot be calculated. This results after combining certain elements ofthe corporate world. Moreover, there are three ingredients that are manageable in relation tothe corporate culture. These include customers, work and employees. In simpler terms,corporate culture is related strongly to the corporate governance that directs the organizationsto operate in an ethical manner and taking the stakeholders’ interests into consideration.Furthermore, the corporate culture also focuses upon the organizational managers andemphasizes on how the operations are being carried out2.There are various laws which ensure a healthy and good corporate culture.Particularly, in Australia, these provisions comprise the Australia Securities, InvestmentCommission Act 2001, Corporation Act 2001, corporate governance principles and rulesprovided by Australian Securities Exchange (ASX). As per Corporations Act, theorganizational managers should be provided with several guidelines. These guidelines must1Guiso, Luigi, Paola Sapienza, and Luigi Zingales. "The value of corporate culture."Journal of FinancialEconomics117.1 (2015): 60-76.2Hickman, Craig R., and Michael A. Silva.Creating excellence: Managing corporate culture, strategy, andchange in the new age. Routledge, 2018.

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