Concept explainers
What is corporate culture and its importance? Describe the culture of any business.
Explanation of Solution
Corporate Culture defines the psychological and social environment of an organization. It includes all the values, rules, traditions, attitude and beliefs to define a company and its way of doing business. For the success of company and the employees, the employees must work within the corporate culture.
Corporate culture is important to improve the performance of business of an organization and to maintain the ethics and rules within the organization. It is important to maintain a reputation of the company in the market. It provides a better employee engagement and therefore better productivity from the employees.
Culture of any business organization includes benefits for employees, free meal, employee trips and parties, rules for the employees, bonuses for the employees and many more.
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