In: Finance
In one page write Why is establishing and maintaining organizational culture important for the success of any company or organization?
Organizational culture is a system of shared assumptions values and beliefs which governs how people behave in organizations . These shared values have a strong influence on the people in the organizations . The beliefs ideologies principles and values of an organizations from its culture .The culture of the work place controls the way employees behave amongst themselves as well as with people outside the organizations The culture decides the way employees interact at their work place .Organizational culture defines company 's internal and external identity .organizational culture will reverberate across all aspects of business because it represents the way of doing business .A strong organizational culture helps to keep best people.The employees who feel like they are part of the community are more likely to stay at the company .A well functioning culture assists with on boarding . The culture at the organizations is essentiality a guiding force for them so its important that starts with on boarding .Culture transforms a company in to a team . The culture at organizations sets expectations for how people behave and work and how will they function as a team . Culture impacts performance and employee wellbeing . Organizational culture has a direct impact on performance and mainly employees wellbeing. Culture can be a reflections of companies core value .Aan organisational culture keeps companies core value good in all aspects of its day today operations andorganizational structure .These are the reasons why organizational culture is important .