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Chap 012

Chap 012

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Published by Michael Yule
corporate governance12
corporate governance12

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Categories:Types, Business/Law
Published by: Michael Yule on Dec 04, 2013
Copyright:Attribution Non-commercial

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05/25/2014

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CHAPTER 12
CORPORATE CULTURE AND LEADERSHIP:
 Keys to Good Strategy Execution
Student Version
McGraw-Hill/Irwin
Copyright ®2012 The McGraw-Hill Companies, Inc.
 
12
 –
2
INSTILLING A CORPORATE CULTURE THAT PROMOTES GOOD STRATEGY EXECUTION
Corporate Culture
Is the meshing of shared values, beliefs, business principles, and traditions that imbues
a firm’s operating style, behavioral norms,
ingrained attitudes, and work atmosphere.
Is important because it influences the firm’s
actions and approaches to conducting business.
 
12
 –
3
Key Features of a Firm’s Corporate Culture
 
Strength of peer pressure to conform and observe norms Actions and behaviors encouraged and rewarded Traditions and
stories and “how
we do things
around here”
 How the firm treats its stakeholders
Features of a Corporate Culture
Values, principles, and ethical standards in actual use Management practices and organizational polices Atmosphere and spirit embodied
in the firm’s work
climate How managers and employees interact and relate to one another

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