Building a great company culture
Company culture is an essential part of the business. It dominates nearly every aspect of an organization. Enrolling top talent to improve employee satisfaction is the backbone of a happy workforce. If there is no appropriate corporate culture in a company, it’s more likely to suffer employees’ performance.
Corporate culture is simply interpreted as the shared ethics of an organization. It’s the way people think about their job, what values they believe in, where they see the organization in the years to come, and what they’re doing to bring it there.
Goals of company culture
There should be some sort of mission statement or vision of the company defined at the time of its foundation. Whichever the company’s products or services are, they should all be predefined with distinct chosen words. When the name of a company comes to mind, those words should immediately pop up in one’s mind as well.
Many hiring managers strongly believe that a healthy company culture intrigues potential candidates. It’s a common observation that everyone around us looks for a reputable company to work with. The reason behind this is the competitive culture among the institutions, which ultimately inspires employees to work to their full potential.
Good company culture not only attracts potential employees but also retains them for a long period. If employees are regarded and considered worthy of making decisions at the workplace, they are more enthusiastic about going to the workplace. Getting involved in certain managerial level activities and meetings makes them feel affiliated with the company. In return, they try to put their utmost effort into their projects to make them valuable.
The well-being of employees is as much important as the success of an organization. The companies which invest in the training of employees get more results than those which do not. The mental health of the workforce is a significant factor that can ultimately enhance or lessens companies’ performance.
Companies with strong corporate culture encourage teamwork. As it’s common practice, brainstorming leads to wonderful ideas. And sharing of ideas with each other in a team curtails the concerns of individual team members. The more socially a team interacts, the more chances of getting good results.
Stress due to workload is the key element in the poor performance of a company. But creating a positive, healthy, and strong culture in a company could help reduce workplace stress.
Types of the corporate culture
There are four types of the corporate culture. The clan culture, adhocracy culture, market culture, and hierarchy culture. All these types of cultures contribute differently to the whole corporate culture of an organization. We will discuss shortly all types.
- The clan culture
This type of organizational culture is mainly focused on collaboration and the participation of individuals in teamwork. It keeps the barriers between the executive body and workforce minimum. It’s highly flexible.
- Adhocracy culture
This type of organizational culture is mainly focused on entrepreneurship. It encourages new ideas and takes risks in the execution of those ideas for the very first time. Many successful startups are said to have such a corporate culture.
- Market culture
This type of organizational culture is mainly focused on the results and targets to be accomplished. Its main priority is revenue generated. The leaders of this style are more expecting and demanding. They expect good results under a high-pressure environment.
- Hierarchy Culture
This type of organizational culture is mainly focused on traditional hierarchical structures in which there are several levels of management and executives. It’s considered a rigid system.
This article is about company culture. It has encompassed all the necessary elements a good corporate culture should have. It has clearly described the directions in developing a good and healthy culture in a company. In addition, this article has briefly summarized the types of company culture and how they differ from one another.