Organizational Culture can be defined as the norms, beliefs and values that guide an organizations performance its important for every organization to have a strong culture that can be put into place and increase organizational productivity. A firm’s culture is meant to be practised by the employers who are meant to lead by example, employees, stakeholders, suppliers, and customers.
Organizational culture is the collection of values, expectations, and practices that guide and inform the actions of all team members, Culture is created through consistent and authentic behaviours, not press releases or policy documents. A great organizational culture is a key to developing the traits necessary for business success. And you’ll see its effects in your bottom line: companies with healthy cultures are 1.5 times more likely to experience revenue growth of 15% or more over three years and 2.5 times more likely to experience significant stock growth over the same period. Despite this, only 31% of HR leaders believe their organizations have the culture they need to drive future business, and getting there is no easy task — 85% of organizations fail in transforming their cultures.
Every Human Resource department of every organization should ensure that is a good cultural system, this would help to improve productivity in an organization and ensure that employees engage in teamwork activities that would improve the organization’s performance. Employees should make sure that organizational cultural values and beliefs is very ethical.
Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns with your employees, they’re more likely to feel more comfortable, supported, and valued. Companies that prioritize culture can also weather difficult times and changes in the business environment and come out stronger.
Qualities of a good organization
- Alignment comes when the company’s objectives and its employees’ motivations are all pulling in the same direction. Exceptional organizations work to build continuous alignment to their vision, purpose, and goals.
- Trust is vital to an organization. With a culture of trust, team members can express themselves and rely on others to have their back when they try something new.
- Teamwork encompasses collaboration, communication, and respect between team members. When everyone on the team supports each other, employees will get more done and feel happier while performing their duties.
- Innovation leads organizations to get the most out of available technologies, resources, and markets. A culture of innovation means that you apply creative thinking to all aspects of your business, even your own cultural initiatives.
Nestle Nig is an organization in Nigeria that has led by example that they strong organizational cultural values, their managers are said to lead by example when it comes to values, their employment and recruitment process is said to be done on merit and not by the connection which has also given the organization a good image. Nestle also had a good culture of treating everyone as one having an effective teamwork process and also employees are being taken, an open-door policy was also implemented into their organizational culture. Nestle is known for their good image and a good reputation over the years.
This shows why organizations should make sure they have an effective organizational culture because it is one of the important factors that lead to the success of every business.
Ijay’s LBS Experience