BS3 - Corporate Cultures

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  • Created by: 09eatonb
  • Created on: 04-01-16 22:52
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  • BS3 - Corporate Cultures
    • CORPORATE CUTURE = 'The way we do things around here'
      • Who does it effect? = All aspects of the business: customers, employees, investors, board members.
      • What does it do? - It can form an important part of the businesses overall corporate strategy (aims, objectives, statements)
      • The beliefs and behaviours that determine how a companies employees interact and handle outside business transactions - it develops organically over time.
      • What will reflect a businesses corporate culture?
        • dress code
        • business hours
        • employee benefits
        • turnover
        • hiring decisions
        • treatment of clients
        • client satisfaction
      • How does a corporate culture develop?
        • The managing team set standards/ behaviours that are going to be acceptable within the workplace.
          • The y will then hire people who have the potential to follow these behaviours
      • Types of corporate culture...
        • POWER CULTURE = Control radiates from the centre, few rules little bureaucracy, swift decisions are possible - small, entrepreneurial organisations.
        • ROLE CULTURE = clear authorities with highly defined structure, hierarchal bureaucracy, power derives from a persons position, little scope exists for expert power.
        • TASK CULTURE = Teams are formed to solve particular problems, power derives from experts as long as the team requires expertise, no single power source, matrix organisation, team may develop own objectives (a risk).
        • PERSON CULTURE = People believe themselves to be superior to the business, the business is full of people with similar training, background and expertise, common in firms of professionalse.g. lawyers and accountants, power lies in each group of individuals.


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