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Corporate Culture - Assignment

   

Added on  2021-05-31

5 Pages1114 Words52 Views
Leadership ManagementPolitical Science
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Running head: CORPORATE CULTURE 1Name:Institutional affiliation:
Corporate Culture - Assignment_1

CORPORATE CULTURE 2Corporate CultureDefinitionCorporate culture is defined as the shared beliefs, attitudes, values and standards which characterize organization’s members as well defining its nature. Corporate culture is founded on organizational structure, strategies, objectives, and approaches to investors, customers, staff, and the community at large. Thus, it is an important element in the ultimate success or failure of any business. By definition corporate culture impacts operations of a particular firm. Through the same, it flows within management both outward and inward. In various corporations, the culture was stipulated much earlier by the charismatic leadership and activities of those that found it. While as key tendencies become more institutionalized, the “culture” also becomes a habit of theinstitution that is acquired by newcomers. Through overstepping certain bounds corporate culturecan be suicidal. For instance, an aggressive, creative, high-risk might result in fraud and eventually collapse of a corporation. Role of Corporate CultureCorporate culture is responsible for coordination of approaches in case of numerous equilibria as awareness sharing facilitator and as a method to attain staff sorting and beliefs convergence (Levine, 2018). As times goes on, it has been evident that there are matters much importance of corporate culture in banking. Due to the recent financial crisis, it has become a keytopic for the regulators of the bank to address. This is partly because of the increasing realization that the failures in risk management in different leading world financial institutions were not just isolated conditions but instated systematic breakdowns reflections in corporate culture.Enforcing a Corporate Culture
Corporate Culture - Assignment_2

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