Question

In: Finance

What are recommended by the Code that a company’s culture should promote? (4 marks) Discuss the...

  1. What are recommended by the Code that a company’s culture should promote? Discuss the trend of FTSE350 firms on reporting their business culture and values, and specifically the trend of company chairs discussing culture and values in the annual report.

Solutions

Expert Solution

Think of Culture code as the employee handbook that specifically explains company culture. It shoy include

-mission statement

-core values

-how to work and line by your values

-any companies traditions

- any additional showed beliefs

Following are some recommendations by the code which are beneficial in promoting company's culture:

1) Celebrate values Alignment through actions- Culture flows from true values; what the company spends time and money on celebrate team member action embody company rules

2) Celebrate traditio- Look for opportunities to create "rites of passage" fornew employees, stimulate healthy competition, award prizes and celebrate major accomplishments. These things are give company personality and what people go home and talking about

3) Hold virtual meeting-Virtual meeting is a tool of choice. Through virtual meeting we can go through aur sales an next step as video address

4) Connect at morning meeting- meeting can be a mandatory part of everyday. In meeting there can be planning of that day, Employees can also for queries and resolved. It is a refreshing way to start a day

5)Send encouraging emails- As a owner, a mail should be written to the employee for his/ her achievement . These encouraging words can boost the productivity of the employee


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