Facts About Corporate Culture

Facts About Corporate Culture

Corporate culture is an exciting topic to think about. We all know that companies have a unique way of conducting business. They create different values, beliefs, and lifestyles that workers live by. This is why when one company changes its culture suddenly, it can feel like a foreign language to the employees in that business. Here are some facts about corporate culture.

1. Corporate Culture is a reflection of the leadership and management

Polling over 700 senior executives across Australia, New Zealand, and Malaysia, Ernst & Young found that corporate culture is essentially a reflection of top-level leadership and management. Over 70% of respondents said their CEO influenced the company’s culture more than any other person or factor. In addition, the majority agreed that their leaders significantly impact organizational culture.

2. Corporate Culture can trump family values

According to EY’s research, organizational culture can trump family values regarding an employee’s loyalty to their employer. Some companies are highly dependent on their employees’ family values and beliefs, but this was not present in the corporate culture of these companies.

3. Corporate Culture isn’t defined by the leader

The organization is responsible for how its employees believe and behave, but it is not the sole cause of their beliefs and behaviors. The corporate culture is influenced by everyone who works in that organization, including the CEO, managers, and other employees. This means that a change in management will not automatically affect an organization’s corporate culture. According to Dr. Jordan Sudberg, a pain management specialist, the management changes must be backed by a campaign supported by all employees. The leadership change will help foster a new sense of cooperation and productivity, but only if the new leader inspires the staff to support their efforts.

4. New corporate cultures are easier to shape

In the past, organizations did not have to worry about creating a new culture as much as they do now. In cases where a company had a hostile culture and was hoping to create a new one, they could usually spin out of their old culture and back into the new one with no serious consequences. This is no longer the case. If an organization is unhappy with its corporate culture, it must be changed from within rather than from without. In other words, it must be done by the employees themselves, or it will not succeed in creating a new corporate culture.

5. The culture of an organization can be negative and toxic

Some organizations have a hostile culture; no matter what their management does to change it, they cannot change it. This is because the negative cultural traits are too deeply ingrained in the employee’s minds. These employees will not allow outsiders to affect their beliefs, which makes it much more difficult for those in control to instill a positive culture into their company. According to Dr. Jordan Sudberg, a pain management specialist, many companies with a toxic culture do not even realize that their employees are unhappy. He believes the main reason for this is that not enough emphasis is placed on an organization’s corporate culture and how to change it if necessary.

In conclusion, many factors create a corporate culture. Most of these factors include leadership, management, and current employees. When looking for a new job, choosing an organization with a positive corporate culture will help feel more comfortable and confident about the new workplace.