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The Current Business Environment Is Characterized By Hyper Competition

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1 Introduction The current business environment is characterized by hyper competition, together with internal and external organizational constraints. There are also the issues of globalization, government regulations, advances in technology together with an ever changing customer needs and requirements. Creating and sustaining competitive advantage have thus become a major business challenge (Schein, 1992). Corporate or organisational culture that fits the business environment enables competitive advantage as an organization benefits from its culture. Corporate culture could also be related to increase organizational performance, and as a control mechanism for controlling and managing employees within an organisation. On the contrary, this view of culture could hold back an organization’s ability in responding to change (Kotter and Heskett, 1992). The success and failure of an organization in the current competitive business environment is dependent on its ability to understand and continuously appraise the culture and subcultures within the business. This means the ability to manage corporate culture by making the necessary adjustments based on prevailing circumstances (Hagberg and Heifetz, 2000). 2 Theoretical Models of Corporate Culture Schein (2010) stated that culture is a pattern of shared assumptions and experiences of adaptation and integration, which has shaped a group’s perceptions, emotions and behaviours. "Culture is the shared programming of the mind

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