GENERAL KNOWLEDGE

Detailed explanation-1: -Corporate culture is the collection of values, beliefs, ethics and attitudes that characterize an organization and guide its practices. To some extent, an organization’s culture can be articulated in its mission statement or vision statement.

Detailed explanation-2: -Organizational cultures are created by a variety of factors, including founders’ values and preferences, industry demands, and early values, goals, and assumptions. Culture is maintained through attraction-selection-attrition, new employee onboarding, leadership, and organizational reward systems.

Detailed explanation-3: -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 longevity.

Detailed explanation-4: -Generally, it describes the overall environment within an organization. Inc. magazine provided a commonly used definition: “Corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature.