Corporate culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. It includes the organization values‚ visions‚ norms and habits. It affects the way people and groups interact with each other‚ with clients‚ and with stakeholders. . Cоmpаrеd to Burеaucracy‚ which hаs writtеn‚ inflexible rulеs and consists of systems of administrations distinguished by its clear hierarchy of authority; corporate culture represents the personality of
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INTRODUCTION Corporate governance is the framework of rules and practices by which a board of directors ensures accountability‚ fairness‚ and transparency in a company ’s relationship with its all stakeholders (financiers‚ customers‚ management‚ employees‚ government‚ and the community). The corporate governance framework consists of (1) explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities‚ rights‚ and rewards‚ (2) procedures for reconciling
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CORPORATE GOVERNANCE Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations
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Corporate Culture (a) What do you think is the dominant corporate culture in your organization? Describe some of the features of this culture‚ what shaped them‚ and comment on their effects (both positive and negative) on organizational performance and staff behaviour and motivation. (b) Could some of the negative cultural features be changed or minimized? If yes‚ describe how you would go about changing them using any change model you like and what resources/support are needed. Suggest the
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/0309-0566.htm The effect of corporate branding dimensions on consumers’ product evaluation A cross-cultural analysis Nizar Souiden ´ Faculty of Business Administration‚ Laval University‚ Quebec‚ Canada Corporate branding dimensions 825 Received October 2004 Revised September 2005 Accepted January 2006 Norizan M. Kassim Department of Management and Marketing‚ College of Business and Economics
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restructured. My view is that non of the two can willingly lead restructuring of the economy because they are beneficiaries of the status quo. As I mentioned in my recent post‚ I am a libertarian social democrat. I believe that the private sector should and can be facilitated thrive‚ but with strong involvement of the democratically established state in tempering with untoward tendencies in the free market economy‚ so as to redirect productive resources to achieve socialistic ends. In line with this
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apan-based electronics and communications company‚ Sony Corporation‚ was subjected to a spate of restructuring exercises since 1994 to improve the financial performance and competitiveness of the company. With the initial efforts to restructure the company not yielding results‚ Sony went in for a revamp of the top management in 2000. The efforts by the top management in organizational restructuring failed to put Sony back on the growth track. At this juncture‚ in 2005‚ Howard Stringer became the
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Ford Motor Company Restructuring Holly Colton Organizational Change: MGT 435 Professor Guwanda Lewis June 7‚ 2010 Introduction With the effects of the ever changing United States economy‚ how was Ford Motor Company able to rise above its competitors to stay afloat in the auto industry? Ford has gone through extensive restructuring in the past years to help the company in this current time of hardship. Some of these restructuring efforts have been to down-size the workforce‚ to focus on
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What is Corporate Finance? It�s all corporate finance. My unbiased view of the world Every decision made in a business has financial implications‚ and any decision that involves the use of money is a corporate financial decision. Defined broadly‚ everything that a business does fits under the rubric of corporate finance. It is‚ in fact‚ unfortunate that we even call the subject corporate finance‚ because it suggests to many observers a focus on how large corporations
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MGMT611: Strategy Natalya Vinokurova Corporate Strategy Session 15 1 Corporate Scope Corporate center Division A in industry a Division B in industry b Division C in industry c Division D in industry d – The average U.S. Fortune 500 company operates in four different industries – Diversification is even more prominent in other parts of the world • Grupos‚ chaebol‚ business houses‚ keiretsu‚ and so on – Poor corporate strategy is common “Excite‚ one of the leading Internet services
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