Evolution of corporate culture: how important is it in today's world?

There are many different and competing definitions ofwhat constitute right or wrong, fair or unfair, thus
"corporate culture" in the organizational theory literature.anything that has personal worth or meaning. These
On one end of the spectrum culture is simply definedvalues are expressed in operating beliefs and norms
as the patterns of behavior within the organizationof behavior.
(Smircich, 1983). On the other end, some theorists haveThe corporate culture develops as people come to
defined organizational culture as a system of sharedshare a set of beliefs and then they use these to
cognitions and the human mind generates the cultureestablish norms about the way they should behave
by means of a finite number of rules (Fiol, 1991).towards each other and to outsiders , 2006). If the
Although all the theorists believe in the importance ofoutcomes are positive this reinforces their shared
the culture in the organizational studies but still there isbelief in the values underlying their behavior. In this way,
a lack of consensus over its precise definition , 2006).the organizations develop deep seated values and
Theorists have accepted this fact and approached thebeliefs about the way that staff should run things.
concept of culture from the most widely used definitionHowever, it looks simple and straight forward case in
of culture, as defined by Lismen et al (2004) "atheory, but when it is referred in the practical life then it
complex set of values, beliefs, assumptions, andis a big task to let it be a success story. It can be
symbols that define the way in which a firm conductsconcluded by drawing upon Barney (1986) that a
its business".valuable, rare and inimitable corporate culture can be a
The evolution of corporate culture within ansource of sustained competitive advantage for a
organization has been the center of discussion forcompany.
many years. Practitioners have called it the 'way weReferences:
do things around here' (Hampden-Turner, 1990) and theBarney, J. (1986) "Organizational Culture: Can It Be a
theorists have called it as the 'collective programmingSource of Sustained Competitive Advantage?"
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artifacts of the business i.e. the physical layout. TheseHampden-Turner, C (1990), "Corporate Culture- From
practices do have relevance as it greases theVicious to Virtuous circles", The Economist books, pg
functionality of the organization. Such practices keep21-22
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Beliefs: The assumptions that members hold aboutculture and organizational performance", Journal of
the organization and the situation within it- about whatManagerial Psychology; Volume: 19 Issue: 4; 2004
practices work well in this business, for example howResearch paper
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