Defining the Value of Culture Within an Organization
- Topics:
- Organizational Behavior
- Source:
- Bliss & Associates
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Overview: A lot has been written and even more has been said about an organization's culture. Some terms that people use to describe their culture can include: aggressive, customer-focused, consensus-based decision making, innovative, honest, etc. People often wonder how a culture is created. In most cases (and when no one has done anything to change it) it goes back to the origins of the company and its founders. Their actions and behaviors set the stage for establishing the culture. In summary, understanding how the culture of an organization impacts the bottom line and profitability of a company can be revealing. Companies can maximize their profitability by defining all of the elements of its culture, deciding if they like what they discover, assessing if their behaviors and actions are supportive of the culture, and conducting thorough assessments of candidates for employment to ensure they will fully embrace the culture of their new employer. It is a given that payroll costs are one of the highest items in a company. Maximizing the return on those payroll costs is critical for financial success today. The impact of culture on the bottom line is substantial. Companies can no longer treat this as a soft cost.
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