Organizational Culture At Ivey Business Journal - 1351 Words

Organisational culture shared among all the members, with its values, principles, traditions and methods of working. It determines how an organisation functions, from industry side to individually. It could be an important asset which, if not managed well, can be a critical liability for the organisation. While a healthy and positive organisational culture could increase relationship between employees and employer, and together achieve the maximum performance for the company, a deleterious culture would lead to the downfall of the organisation, and eventually collapse. It is an advantage that requires good management skill, coordination and communication in order for the organisation to utilize it well. Beaudan and Smith (2000) at Ivey Business Journal stated that corporate cultures are mature and complex organisms. One must carefully and smartly shape the culture, and it is wise to nurture corporate culture as an asset, rather than a risk and liability. This essay explains both bene ficial and negative sides of organisational culture, along with case studies supported. Goffee and Jones (1996) research comments that a majority of well-established organisations changed their culture in order to secure its competitive advantage. While external factors such as economy, competitors strategies and government regulations might be critical for an organisation and its managers to concern, organisation culture is an internal, intangible gift. Dummay and Cuganesan (2011) claimedShow MoreRelatedTransformational Leadership918 Words   |  4 Pagesimprovement in the productive efficiency of the subordinates (Rowe Nejad, 2009). Answer 2 Major transnational companies such as General Motors and British Airways recruited and encouraged charismatic leaders to boost their marketing aspect of the business. 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