What is corporate culture?
Corporate culture refers to the generally-ingrained beliefs, shared values and behavior of a company's employees. It is displayed in how employees work, interact with each other and perceive the company. According to the Society of Human Resource Management (SHRM), the silent code of conduct reflects how to get things done. The corporate culture is usually tied to the company's vision, values and goals.
Corporate culture is observable in the employees' dress code, work hours, office setup, employee relationships, employee benefits, customer relations, media relations, hiring decisions and other areas of operations.
What are the 4 types of corporate culture?
Clan culture: This sort of corporate culture emphasizes collaboration, teamwork and joint participation.
Hierarchy culture: This corporate culture focuses on the traditional, formal and clearly defined hierarchy system. Structures are in place to differentiate the tasks and benefits of managers and subordinates.
Market culture: This type of corporate culture indicates the general focus on contributing to the company's revenue. All hands are on deck to ensure profits, minimize losses and reward employees accordingly.
Adhocracy culture: This type of corporate culture emphasizes the need for innovation and bright ideas. Creativity and risk-taking are usually celebrated.
What is good corporate culture?
A good corporate culture is reflective of the company's goals and values. To ensure that your organization keeps a good corporate culture, take note of employee feedback and implement changes where necessary.