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M2.03. Analysing the conditions relevant to the mentoring process at the workplace

1. What is the “corporate culture”

Corporate culture refers to the beliefs and behaviours that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company's culture will be reflected in its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of clients, client satisfaction and every other aspect of operations.

Creating a Corporate Culture
A company’s culture is shaped by a number of tangible and intangible components that together create an environment that is conducive, or not, to good work. Here are some of the most-often-cited facets:

Values and Ethics. Whatever it is that a company states is its driving force – what it values – will affect what its employees focus on. The culture of a company that values caring will be different from one that values, say, creativity or speed or precision. One isn’t necessarily better than another; it simply will impact the types of employees that are hired and what everyone is working toward.

Employees. To build a corporate culture that matches what leaders want the business to be known for, you have to hire carefully. Each and every employee needs to match the culture and the company’s values. Companies with the most desirable corporate cultures invest a lot of time recruiting and interviewing potential new hires because they recognize how essential each person is to supporting the culture.

Work Environment. Where employees have to work will have a major impact on the organization’s culture. Pack everyone in a tight space like sardines, with little light and few creature comforts and you will likely build a culture centred on negativity and complaints. Whereas a space that is open and airy, with ample workspace, will foster positive feelings and lower stress. Workspace matters.

Actions. How a company demonstrates its values and priorities also shapes its corporate culture. Do its actions align with its values, or not? Companies that put customer satisfaction as its highest priority should have processes and procedures that ensure customers are delighted with its dealings with the company. Satisfaction guarantees, no hassle refunds, and no expiration dates on returns could be policies that support such a value.

Opportunities for bonding. Companies that set aside time outside of work to socialize and get to know each other create opportunities for more fulfilling personal relationships to form. Some companies have annual off-site meetings that bring together all employees to talk about what’s going well and what’s not. Other companies schedule more frequent, and less formal, get-togethers, such as softball teams, potluck dinners, and Friday cocktail hour.

How employees feel about, and express satisfaction with, their employer is the basis of a corporate culture. The more positive and fulfilled employees are with the organization they work for, the more loyal and effective they will be. That’s the benefit of a positive corporate culture.

Look at this video by S+B Strategy+Business to know more about “What Is Corporate Culture?”