How would you describe corporate culture?
How would you describe corporate culture? #business #finance #accounting #entrepreneurship #graduate #corporate-finance
6 answers
Daniel’s Answer
Corporate Culture is sort of like answering the question "what is your family like?" It varies widely, and what may be normal at one place (family) may be very different or unheard of at another. Some are very bottom line driven so they are constantly focusing on cost savings and making net profit their first thought when it comes to every decision. Others are employee driven, worrying as much or more about their employees wellbeing than their shareholders. Some are neither, and it is said there is little to no culture there. It all depends. In my opinion, the best ways to answer the culture a company has is to ask existing employees (not the ones that you would be interviewing with) research online, and see if that company has a code of ethics or conduct that is published (most large companies have something of the sort). I would start by asking current and former employees online or in person to see how they viewed the culture. Keep in mind, their answers will be their perceptions, so make sure to factor that in to your decision.
Good Luck!
Greg’s Answer
Daniel's answer is spot on. I will give an example from my own company. Our culture is a "show me" culture. In other words, we would rather try something out before jumping into an activity deeply. We also have a culture of engineering and excellence. Many good things come from that, but sometimes we aren't as close to the customer as we would like to be. A company's values may underpin their culture but behaviors define it. Many behaviors make up a culture
Jian’s Answer
Lynell’s Answer
Daniel's answer was perfect. Years ago, for the most part, corporate culture was defined as "how stuffy and stiff" you could be, it was all blue suits and shined shoes. Now, different corporations define it differently. Some companies barely even have a dress code yet they are part of the Fortune 500. So, one way to find out the culture of a company that you are interested in working for is to visit their website, if they volunteer at any local events, stop by their table or check them out and just have some casual conversation with the employees about their work culture.
Good Luck
Julie’s Answer
The best way to find out about culture is during your interview. You can ask various people you talk to how they would describe it for their particular team - maybe ask about things like volunteering, happy hours, and general flexibility. There is no "one size fits all" for corporate culture but hopefully this helps you find one that works for you.
Terence’s Answer
Almost every company will have similar mantras and core values - "people first", "customer is #1", "innovation", etc. - perhaps in a different order across each company, plastered on their websites, posters, and recruiting materials. I would say a majority of companies that describe their corporate cultures at least make and attempt to uphold these values. Sometimes, competing priorities get in the way, like revenue targets or expenses ahead of people. It happens, employee satisfaction/engagement are put aside
A smaller block of these companies successfully install these core values and practices across the organization. At these companies, their priorities are the tie breakers for tough decisions. If something comes down to compromising a core value, a different approach is taken. Do you send an employee to major training to develop their skillset, or make them skip it to hit a daily metric? In the later scenario, you hit the daily/weekly metric, but you may lose out on employee satisfaction and development, thereby losing some employee engagement. In the former scenario, the metric might be missed, but you've strengthened the employee, built trust and loyalty, you've boosted their engagement.
These are pretty broad examples, but they illustrate what happens when push comes to shove, what does the company put first? These values are emphasized by their leadership teams, pushed by managers, and felt by employees. These interactions and and observations are felt across the company and shape the employees real view of the company. All of these combined, form the true perspective on corporate culture. You can find out about these things through employees.