Question

1. The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company. Examine the Motivation and the Role of Corporate Culture for the organization ?

Answer 1

Organizational culture describes how workers of an company complete the tasks and communicate with each other. The cultural paradigm includes different beliefs, principles, behaviors, and symbols that control the people's operating style within a organization. The corporate culture brings the workforce together and gives the business a direction. In times of change, the biggest challenge for any organisation, as the employees are already accustomed to some way of doing things, may be to change their culture.

Powerful corporate cultures prove workers are like-minded and hold common ethical values and beliefs. If these principles and ethical values align with business priorities, they will prove to be successful in building teams because partnership and confidence quickly follow. The relationships the teams are building help them prevent disputes and concentrate on completing tasks. Strong organizational cultures promote roles and obligations conveyed to all individuals. Employees know what is expected of them, how their performance is assessed by the management and what forms of rewards are available.

Different cultures that operate in one company can also affect the performance of the employees. For example , if the organization maintains a relaxed "speak when appropriate" culture, workers will function accordingly-but if the organization encourages one area to be vocal and socially involved, say the sales department, then the organization will experience rivalries between areas. Therefore allowing an area to build up its own culture will influence the output of employees who are deployed elsewhere in the company.