2.5 Organizational (corporate) culture

Introduction

• Organizational (corporate) culture: shared values, attitudes and beliefs of the people working in an organization that control the way they interact with each other and with external stakeholder groups.

Elements of organizational culture

• Mission and vision statements

• Record of senior staff

• Organization's culture

• Strategies on social and environmental issues

• Example set by senior managers

Types of organizational culture

• Power culture: concentrating power among a few people.

• Role culture: each member of a staff has a clearly defined job title and role.

• Task culture: based on cooperation and teamwork.

• Person culture: when individuals are given the freedom to express themselves and make decisions.

• Entrepreneurial culture encourages management and workers to take risks, to come up with new ideas and test out new business ventures.