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Corporate Culture Assignment (Sample)

   

Added on  2021-06-17

5 Pages1038 Words84 Views
CORPORATE CULTURE 1Corporate Culture and how it is enforced in Australian Financial SystemsName:Professor:College:Course:City:

CORPORATE CULTURE 2Corporate Culture and how it is enforced in Australian Financial SystemsPrudent business corporate culture refers to outlined operational standards, which have developed over a period of time in an organization. This can be summed up as the day to day operations of a business. Although corporate culture differs from one organization to another, most institutions are governed by laws that ensure best practices. Principles of good corporate culture are very important to each and every business and determine the success or failure of the organization (Cunningham, 2002). The underlined philosophy of an organization guides administrative, choices including day to day operations andstakeholders’ engagement. For example in the Australia financial sector, there are set operationalstandards.Corporate culture moves businesses towards best practices and prevents organizations from getting into trouble with stakeholders and the authorities. Having a good corporate culture strategy also cautions organizations from sliding into bad practices, and in cases of corporate culture shortcomings, businesses can refer to their good practices (Parker, 2012).Institutions culture-day to day operations can be connected to performance, morals, and values including many others. An organization's value entails the vision, mission, and purpose ofoperation for the organization. The culture line in most Australian financial institutions is usuallyaligned to the institution core business best practices.Financial institutions in Australia with good corporate culture are high performersHabitually, financial businesses in Australia that have resilient corporate philosophy achieve greater returns on investment like those that don’t have proper guidelines in business

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