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BUSINESS CULTURE IN VIEW


Business culture is not just about how others see a business but also about how the individuals within an organization understand it. The cultural perspective has become popular in business studies because it offers a way of explaining performance and understanding differences.


FACTORS THAT SHAPE THE CULTURE OF A BUSINESS
  • The Influence of a dominant leader- The vision of management style and personality of the founder or leader in a business often has a significant influence on the values that the business tries to promote.
  • The history and tradition of the business; how things have always been done and why.
  • Which industry or sector the business is in and how much and what type of competition it faces.
  • The customers of the business, who they are and what they expect.
  • Company expectations; based on a large extent on past performance.
  • The types of information and control system used.
  • The legislation and wider business environment.
  • The procedures and policies within the business: Ever-evolving but often a good indicator of underlying values.
  • The reward system and the measurement of performance
  • How the business is organized and resourced.
  • Goals, values and beliefs- reflected in objects, actions and language.


Keyword to note: Have a business approach to everything you do in life.

Watch this shot video clip of J.P. Morgan busines culture as financial institute

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