Corporate Culture and Ethics
Discussion Question 2
Part A Describe how a values-based culture works.
Part B Explain the reasoning behind the popularity of the values-based culture.
ANSWER
Corporate Culture and Ethics
- How a values-based culture works
A value-based culture holds that a firm’s values are what it supports its visions, shapes its culture, and reflects on what is essential to the organization. In essence, a value-based culture is holding ideologies, which are the organization’s identity, beliefs, and core principles. Hence, all the employees and stakeholders are required to be keen on upholding the culture of a firm, where they have to integrate all the processes into the culture (Rhoades, 2019). A firm has to believe that its values define what it and looks at them as guiding standards of behavior both internally with the employees and externally with its clientele. The most successful companies, therefore ensure that despite their sizes or industry, they are consumers or business-focused, and are driven by the values and value-based culture.
- The reasoning behind the popularity of the values-based culture
The value-based culture has numerous benefits for any given company. First, it ensures that the employees are driven by specific values that define the firm. As a result, this ensures that each worker upholds high ethical and moral standards and that he/she is committed to attaining its set goals and objectives. The culture is also popular because it enhances the relationship between the employer, employees, and, ultimately, the consumers (Rhoades, 2019). This is since how a company acts internally is how it is perceived externally. The values of a firm and employee engagement also help in driving to more effective client engagement. By upholding a value-based culture, employees get conversant with the fact that they will be held accountable for their outcomes in failing to abide by the company values.
References
Rhoades, A. (2019). Building a High-Performance Organization Through Culture. Retrieved from https://www.llrpartners.com/growth-bit/values-based-culture-rhoades/
