The Role of Corporate Culture in Small Business8:27 PM
At the time you created your business, it is very likely that you did it for a particular purpose. You may have outlined your company's ...
At the time you created your business, it is very likely that you did it for a particular purpose. You may have outlined your company's mission and described its ideal future in your statement of long-term goals.
As an executive at the helm of a start-up business, the beliefs, values and core standards you establish for your company in its infancy will set the tone for its organizational culture. Corporate culture is important. Here are a few reasons.
- A well-defined corporate culture can help you distinguish between your company and its competitors.
- A supportive corporate culture can lead to increased employee loyalty and reduce staff turnover.
- On the other hand, a corporate culture that is inconsistent with your organization's business objectives can be a barrier to the success of your business or even to its existence. So what can you do if you find that your organization's current organizational culture is hurting its growth?
Follow these tips for implementing a corporate culture that suits your business.
- Take into account that changes are necessary: Recognizing that it may be required to change the corporate culture of your business is a major step in the right direction.
- Maintain good communication: Encourage discussion and communicate openly with your employees about the goals and vision of your business.
- Take the example: It is not enough just to convey the values, rules, and beliefs of your organization to your employees. Leaders must set the tone and demonstrate to employees how organizational culture must be put into practice; Their acts and gestures must be their expression.
- Recognize employees who actually embrace the new standards and reward them.