Corporate Culture and Its Importance in Organizations

Running Head: CORPORATE CULTURE
Corporate culture
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Author Note

1CORPORATE CULTURE
Culture has been one of the major determinants that show how an employee behaves in
an organization. A positive culture of integrity helps in developing the world-class compliance
program and ethics. Corporate culture can be defined as the behavior and beliefs to determine the
management of a company. Certainly, corporate culture is defined impliedly and not expressly. It
develops naturally over the time and it also depends on the traits of the people that the
organization hires. An organization's culture is reflected by its time of work, setup of the office,
behavior with the clients, their dress code, a satisfaction of the clients and many others. In the
earlier days, corporate culture was used by the sociologists, manager and in the other academics
so that the company’s characters show the value system of the company, strategies of the
management, working environment, communication with an employee and many others. The
most different feature of corporate culture is that as the company grows old, the culture of the
company also changes and evolves. It also helps in making big and small decision in a company.
The most essential factor of corporate culture is it helps in the growth of the company. The shape
of the corporate culture is made intentionally or organically that reaches the ideology of the
company and practice and it also affects every point of business (Guiso, Sapienza and Zingale
2015)..
There are six components or characteristics of a successful corporate culture. They
include vision, values, practices, people, narratives, and place. The term vision means a mission
that a company has and it is the most powerful tool of the corporate culture. Values are a broad
concept that helps in achieving the vision of a company. Practices are methods that are tangible
and are guided by the ethics by which the values of the organization are being implemented.
People means the employees that work in a company and they also reflect the overall culture of
the company. Narrative means the story of the origin of the company and it is also important for