Organizational Culture and Financial Performance: A Review of Literature

Running head: CULTURE AND ORGANIZATIONAL PERFORMANCE
CULTURE AND ORGANIZATIONAL PERFORMANCE
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1CULTURE AND ORGANIZATIONAL PERFORMANCE
Table of Contents
Introduction:....................................................................................................................................2
Article 1:..........................................................................................................................................2
Article 2:..........................................................................................................................................3
Article 3:..........................................................................................................................................4
Article 4:..........................................................................................................................................5
Article 5:..........................................................................................................................................5
Conclusion:......................................................................................................................................6
References:......................................................................................................................................8

2CULTURE AND ORGANIZATIONAL PERFORMANCE
Introduction:
In the current scenario, organizational or corporate culture creates a major impact on the
overall performance of the company. It affects the firm’s overall financial performance. Culture
is the core values, beliefs, attitudes and behavior of the organization (Gregory et al. 2009). Most
of the successful organizations in the recent times have attributed their success to their firm’s
effective culture management. The report highlights the relationship between the organizational
culture and performance of the company, from a financial perspective. The way people are
treated within the organization directly affect the way they treat their customers that also affects
the organization’s financial performance (Flamholtz 2001). Corporate culture creates a positive
influence on the decision-making and behavior of the firm.
Article 1:
Aktaş, E., Çiçek, I. and Kıyak, M., 2011. The effect of organizational culture on
organizational efficiency: The moderating role of organizational environment and CEO
values. Procedia-Social and Behavioral Sciences, 24, pp.1560-1573.
The journal sets out to highlight the concept of organizational culture and its efficiency in
the current ever-increasing competitive environment. The journal is made to draw interests for
both the practitioners as well as academic professionals. As per Aktas, Cicek and Krynak (2011),
the factors responsible for affecting the organizational efficiency are researched with increased
significance. According to the authors, organizational culture is a vital factor that affects the
organizational efficiency due to its various types, which is to be researched. The section is based
on the relationship between organizational efficiency and culture. Its effect of variability or