ENTREPRENEURSHIP

Detailed explanation-1: -Why Is Corporate Culture Important? Corporate culture is important because it can support important business objectives. Employees, for example, might be attracted to companies whose cultures they identify with, which in turn can drive employee retention and new talent acquisition.

Detailed explanation-2: -Organizational culture change occurs when a company alters its processes, values, beliefs and strategic goals. In most cases, a culture change results in changes in the work environment. The change can either be internal or external.

Detailed explanation-3: -The first and the foremost factor affecting culture is the individual working with the organization. The employees in their own way contribute to the culture of the workplace. The attitudes, mentalities, interests, perception and even the thought process of the employees affect the organization culture.

Detailed explanation-4: -The single best predictor of a company’s culture score is whether employees feel respected at work. Respect is not only the most important factor, it stands head and shoulders above other cultural elements in terms of its importance.