Definition of culture in a business

definition of culture in a business3

Corporate Culture Definition, Characteristics, and Importance

What Is Corporate Culture?

Corporate culture refers to the values, beliefs, and behaviors that are common or understood at a company. These determine how a company's employees and management interact, perform, and handle business transactions.

Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people that the company hires.

A company's culture will be reflected in elements such as its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of employees and clients, client satisfaction, and every other aspect of operations.

Key Takeaways

  • Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management should interact and perform.
  • It can affect employee hiring and retention, performance and productivity, business results, and company longevi What Is Company Culture: Meaning, Benefits & Strategies BOG