Corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. Corporate culture is rooted in an organization's goals, strategies, structure, and approaches to labour, customers, investors, and the greater community.
Six Components of a Great Corporate Culture
Vision It is nothing but a clear purpose and hence a clear cut vision must be there for a company which should prevail in each and every employee of the company so that they can thrive success.
Values A company’s values are the core of its culture. While a vision articulates a company’s purpose, values offer a set of guidelines on the behaviours and mindsets needed to achieve that vision. This is just the next step after vision. You cannot achieve your vision without proper sets of values.
Practices There is a saying that we should practice what we preach .So the “Value” is of no use until put into proper practice.
People A company’s core value is only formed by the willingness of its people. No company can build its culture without its people . “People” are the most crucial component. Not just the employees hired by the company but this also include the customers who buy your products and services, the vendors from whom the company purchases. All of them equally contribute to the culture of the company.
Place A place shapes the culture of the environment. Place can be its geography , environment , architecture or aesthetic design . All these influence the value and behaviours of people in a workplace.
Celebration We all celebrate our life, so why should not we celebrate our work . As a whole community, your company should have fun and get the chance to know each other just beyond colleagues. That enhance each other’s personality as well as communication skill.
Symbol The symbol can be anything; it can be a logo, colour or formula. Since a symbol also highlights the culture of your company.