BUAD309 Lecture Notes - Lecture 4: Organizational Culture

• School: University of Delaware
• Department: Business Administration
• Course: BUAD309
• Professor: Sicilia Domenick

Document Summary

Keep a culture alive: selection- choose employees with the ability to perform successfully, top management needs to establish norms, culture transmitted within the company through stories, language, rituals, symbols. Culture as liability: institutionalization, barrier to change, diversity, acquisitions and mergers. Organizations that promote ethical standards are: high in risk tolerance, low in aggressiveness, focused on means and outcomes, managers are supported for taking risks and innovating and guided by founders on what the company"s goals are. Positive organizational culture: rewards more than punishes, acknowledges employees" strengths, emphasizes individual growth.