This article discusses corporate culture and how it is enforced in banking sectors. It defines corporate culture and its components, and explains the steps to attain corporate culture. The article emphasizes the importance of corporate culture in the operations of banking sectors.
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Corporate culture and how it is enforced1 WHAT IS CORPORATE CULTURE AND HOW IS IT ENFORCED? Name: Institution: Course: Tutor: Date:
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Corporate culture and how it is enforced2 Corporate culture It refers to the belief along with behaviors that decide how the employees together with management of different banking sectors cooperate as well as handle different external transactions of business. In banking sector, culture of corporate always implies not particularly distinct as well as widens organically over duration of growing characters of individuals that an organization decides to hire. Therefore, corporate culture encompasses various values and traits that contribute to the exclusive psychological and social environment for the banking organization. According to research by Ellinas et al (2017, p. 3), corporate civilization symbolizes collective beliefs, principles, along with ideology of associates of company and it remains to be the product of factors that include history, market, product, strategy, technology, and types of employees. The authors also stated that corporate culture encompasses product factors such as style of management, national culture, and types of workers. The culture of every banking sector includes the vision of organization, its value, norms, language, symbols, environment, assumptions, habits, location, together with belief of individuals during the business operations. Besides, Teasley (2017, p. 41) defined corporate culture to n be the emergence of an extremely complex incalculable condition that results from the combination of different simple ingredients. Therefore, corporate culture is always reflected in banking business hours, dress codes, conduct of customers, and contentment of customers, together with all features of operations. How culture of corporate is enforced Enforcement of corporate culture in every organization just like in banking sector follows variety of factors. Some of these factors in consideration for the corporate culture to be enforced
Corporate culture and how it is enforced3 efficiently include values as well as preferences of founders of the corporation, demands of the industry, and goals of operations, initial values, and assumptions during establishment of a company. There are several steps different steps to be considered for the attainment of corporate culture that allows the organization and its customer to experience excellence (Aya 2018, p. 5). These steps include defining company’s legacy, codify the social decision in a very short statement, changing the practices of hiring to reflect stated values, improving company’s onboarding, hire smartly, listen, engage, listen, reward, and prepare to change among other factors. Enforcement of corporate culture can efficiently be attained by deciding what kind of organization management or an individual need to have at any time. The idea is essential as it can help the company’s management to control cases of many people leaving their operations due to cases of poor treatment that they experience when they get employment and later seek to join small businesses. Here, individuals think about what they need workers or other people to comment about their company when they leave and then work backward (Ullah and Ahmad 2017, p. 132). Furthermore, it is always essential for an individual in an organization who is responsible for leadership position to make the right initial decisions that cultural changes are the priority. The idea help in putting different stakeholders of corporations such as employees, vendors, and customers to be on front and center matter. Therefore, during enforcement of corporate culture the explicit but summarized statement of what that decision looks like improve its establishment within banking sectors. The statement has to illustrate how management is going to support different employees and how they are going to treat vendors (Suscca 2018, p. 42). The idea of making decision once can never be appropriate there is a need for people in
Corporate culture and how it is enforced4 leadership position to have a clear approach to refer back to it as a way of ensuring that corporate culture is enforced in the operations of business sector. The need to change practices and techniques of performing hiring practices help in reflecting new values as stated in corporate culture. Every single worker from that moment forward has the responsibility of getting hired for reasons that remain congruent with company’s newly stated operational values. Changing practices of hiring helps in enforcing corporate culture by ensuring that operations of company gets the right individuals on their operations (Puppatz et al., 2017, p. 53). The idea can help in laying out the vision, but management need appropriate individuals to take it to the next operational level. Additionally, the method used in bring different employees of a company remains to be critical in supporting the corporate culture on operations of different organizations such as banking sector. Every individual has to overboard with the board as a way of making them understand the culture of a given business operator (Ellinas et al., 2017, p. 17). However, overboard remain to be stressing the purpose of employment at every organization as opposed to the cases of the standard stuff stressed at orientation. It also ensures that the culture of operations is maintained on how people need to handle the minutiae of description of their jobs, activities of signing in to work and out from workplace among other operational activities (Teasley 2017, p. 4). Therefore, all these ideas remain to be essential factors that help in enforcing corporate culture in most business sectors around the global society.
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Corporate culture and how it is enforced5 List of References Ayah, R. 2018. 'Scaling up implementation of ART: Organizational culture and early mortality of patients initiated on ART in Nairobi, Kenya',PLoS ONE, vol. 13, no. 1, pp. 1-13. Available from: 10.1371/journal.pone.0190344. [21 May 2018]. Ellinas, C, Allan, N, & Johansson, A. 2017. 'Dynamics of organizational culture: Individual beliefs vs. social conformity',PLoS ONE, vol. 12, no. 6, pp. 1-20. Available from: 10.1371/journal.pone.0180193. [21 May 2018]. Puppatz, M, Burmeister, A, & Deller, J. 2017. 'The assessment of organizational culture in cross- cultural settings: Investigating the psychometric quality and cultural equivalence of three quantitative instruments',International Journal of Selection & Assessment, vol. 25, no. 1, pp. 43- 60. Available from: 10.1111/ijsa.12159. [21 May 2018]. Susca, PT. 2018. 'It's Always Bigger Than Safety: The Relationship Between Organizational Culture & Unwanted Outcomes',Professional Safety, vol. 63, no. 1, pp. 40-42. Teasley, ML. 2017. 'Organizational Culture and Schools: A Call for Leadership and Collaboration',Children & Schools, vol. 39, no. 1, pp. 3-5. Available from: 10.1093/cs/cdw048. [21 May 2018]. Ullah, M, & Ahmad, HM. 2017. 'The Impact of Internal Marketing on the Organizational Performance through Organizational culture Mediation',Abasyn University Journal of Social Sciences, vol. 10, no. 1, pp. 129-148.