In order to ensure that the corporate culture
helps drive the business strategy, the management needs to consider as given:
·
To
facilitate the open and easy flow of the communication between the business
entities. It may include the employees, customers, suppliers, shareholders,
higher management authorities etc. It tends to direct the employees towards
achieving the uniform goals and objectives.
·
To
ensure that the unified organizational goals and objectives exist across the
organization.
·
To make
sure that a shared vision & the clear mission exists for the organization.
It will make the employees to put their efforts for achieving the common
business objectives.
·
Help
reduce the politics within the business environment.
- A strong
corporate culture of respect among employees, creating enhanced mutual
trust and cooperation across the business.
·
To
achieve the business goals successfully in formal business settings. It can
better be done by streamlining the business operations.
·
To provide the business with the shared
understanding regarding a particular matter.
Ethics, social responsibility, and sustainability
The corporate
ethics help the company in getting the appropriate guidelines for the business
policies, procedures as well as the practices. In broader terms it helps the
organization for getting the guidelines related to the corporate governance,
discrimination, bribery, fiduciary responsibilities, insider trading, and
corporate social responsibility etc. There exist the laws for the said
purposes, but the business ethics are if defined, as per the nature of the
business, they can provide the best solutions to the pertaining solutions.
As
far as the corporate social responsibility is concerned it is intended to
provide the maximum shareholder value. Also, this parameter is to make sure
that the organizational operations are aimed at providing the benefits to the
society. The more an organization cares for the environment, the more it
becomes valuable for the people of the society. From making investment to
delivery of the product/service, the organization is liable to provide the
benefits to the society.
Under the head
of sustainability, the business organizations take into consideration the
coordination as well as the management of the social, environmental and
financial demands & concerns. The main aim behind it is to provide the
surety for the ethical, responsible and ongoing success of the organization (Krishna, 2011).
Conclusion of Corporate Culture
Corporate culture is as mandatory for the organization as
the business processes itself. The corporate strategies, marketing
practices, products and even the innovative ideas can be copied. But the
corporate culture and the ethics are the ones that better serve as the basis
for differentiating a company from its competitors. The stronger the corporate
culture is, the more beneficial it is for the organization to get the increased
market share.
References of What does management need to do to ensure that the corporate culture helps drive this strategy?
Felin, T. &. (2016). Designing Organizations for
Dynamic Capabilities. ResearchGate, 58(4), 78-96.
Krishna, A. &. (2011). Business Ethics: A
Sustainability Approach. Social and Behavioral Sciences, 25, 281–286.
Morcos, M. (2018). Organizational Culture:
Definitions and Trends. Science Direct, 1-8.