Professional Documents
Culture Documents
Shared Values and Corporate Culture Reward Systems: Key Characteristics of a Hierarchy-Based System
Close superior-subordinate relationships Extensive use of subjective and objective criteria to measure performance Superiors will guide the career and actions of subordinates Emphasis on group and team efforts and results Emphasis on long-term thinking and actions that help the organization Supports differentiation strategies at the business unit level Supports related diversification and global strategies at corporate and business levels
Shared values:
The basic norms and ideals that guide peoples behaviors in the firm and form the underpinning of a firms corporate culture.
Corporate culture:
The system of unwritten rules that guide how people perform and interrelate with one another.
McDonalds Southwest Airlines Wal-Mart Motorola Intel Johnson & Johnson Ways to Transmit Shared Values Myths and Legends Develop internal Folklore
Heighten awareness of key cherished values Learning proper behaviors and ways of doing things Extensive mentoring and coaching
Socialization
Socialization Learning proper behaviors and ways of doing things Extensive mentoring and coaching
Learning organizations: Firms that view change as a positive opportunity to learn and create new sources of competitive advantage.
Decentralization
Multiple experiments
Adobe Systems
Microsoft Hewlett-Packard Merrill Lynch Intel Sony
DuPont Lockhead-Martin Toshiba Static dinosour organizations Most firms fall somewhere in the middle
Act quickly