Corporate Culture Essay -- Business Company Goals Essays

Corporate Culture Utilising the video case study of ‘Egg Finance’ (Slave Nation, Channel 4), critically examine the extent to which corporate culture is used as an effective tool for the achievement of organizational goals. Corporate Culture is widely used in many organisations and has a variety of definitions. It has been defined by Koozes, Caldwell & Posner cited by Moorhead/Griffin, (1989:494) as: â€Å"a set of shared, enduring beliefs communicated through a variety of symbolic media, creating meaning in people’s work lives.† The argument to be taken in this essay will identify the usefulness and necessity for corporate culture to gain organizational success. In order to do this the argument will be utilized by supporting the theories of Emile Durkheim, Carol Axtell Ray, Terrance Deal and Allen Kennedy. Qubein (1999:2), cited by Sadri and Lees, states that,† corporate culture encompasses several key elements.† He adds, â€Å"It is fostered not merely by a mission statement, but by a clear corporate vision which is a mental picture of the company’s desired future.† It is not only the managers who should have this clear vision, the employees ought to perceive this as well. They should feel the need that they want to help to achieve the organizations goals. When organisations follow corporate culture, they try to make their employees feel that they belong and are accepted for who they are, thus making them want to work for the company. Attempt is made to make the employees feel that their organisation is their religion. This has been clearly demonstrated in Egg Finance. Corporate culture has been extensively used in Egg Finance, and in doing so have captured the hearts and minds of their employees. Each employee working for Egg Finance feels that â€Å"Egg† is their life. They feel safe and secure and feel that they are affiliated to the company. Carol Ray (1994) agrees with this as being part of corporate culture as she states that:   Ã‚  Ã‚  Ã‚  Ã‚   â€Å"a corporation’s culture has an important purpose to promote a sense of belongingness to the employees.† This has definitely worked for the employees at Egg. They even go to the extent of calling themselves an â€Å"egg person.† This ties in with the corporate cultural belief of Emile Durkheim and his approach. Egg Finance have tried to create an â€Å"Egg World† for their employees. They have many out-of-work... ...cess of the company. As Edgar Schein portrays it, â€Å"The right kind of culture will influence how effective organisations are.† (Edgar H. Schein, 1992, Organisational Culture and leadership) Works Cited †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Thompson, P., & Mchugh, P. 2002, Work Organisations. 3rd ed, Palgrave, New York. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Channel 4 Productions, 2000, Slave Nation, Egg Finance. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Huczynski, A., & Buchanan, D. 2001, Organisational behaviour: An introductory text. 4th ed, Prentice Hall. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Moorhead, G., & Griffin, R. 1989, Organizational behavior. 2nd ed, Houghton Mifflin Company, U.S.A. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Sadri, G., Lees, B. 2001, â€Å"Developing corporate culture as a competitive advantage.†; The Journal of Management Development, vol. 20, no. 10, pp. 853-859. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ogbor, J.O., Jesse J.H.2001, â€Å"Critical theory and the hegemony of corporate culture†; The Journal of Organisational Change Management, vol 14, no. 6, pp. 590-608. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ray, Carol in Clark, H et al, 1994, Organisation and Identities, Chapmen 2 Hall. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Schein, E.H. 1992, Organizational culture and leadership. 2nd ed, John Wiley & Sons, Inc. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Schermerhorn, J. 2002, Management. 7th ed, John Wiley & Sons, Inc.

Psychology Prospect Theory

PSY 302 Prospect Theory Review This paper is written in order to compare and contrast two articles that were chosen from the social psychology field. I chose my topic as Prospect Theory. It is one of the theories related to decision making process. This theory not only supported in social psychology but also supported fields of economic, consumer choice, political science and marketing. Prospect theory explains that people are loss averse that means they weigh losses heavily than gains.In other words, â€Å"looses looms larger than gains†. To illustrate; the person who found $100 on street would be less happy than the person who lost $100. The one of reason could be looses are more painful than gains are pleasant. Thus, humans cannot easily get rid of the effect of bad outcomes. I learned firstly this theory from one of my marketing courses and I really interested in that theory because it is implications likely to occur in our lives but I have never thought of it.That is why I choose two of my articles from that theory and I wanted to learn what different perspectives to that theory are. Those chosen articles are â€Å"When small losses do not loom larger than small gains: Effects of contextual autonomy support and goal contents on behavioral responses to small losses and small gains† and â€Å"When gains loom larger than losses: reversed loss aversion for small amounts of money. † However those two article tried to explain the time when looses do not loom larger than gains.That means within a specific situations prospect theory would be reversed. The rest of the paper will be devoted to comparison of their methodology, research question and predictions. Finally I will explain my opinion and suggestions to improve that research. First of all there will be an explanation of their research questions. â€Å"When gains loom larger than losses: reversed loss aversion for small amounts of money† tried to predict that when there is small loss, gains loom larger than losses. Thus, it says that prospect theory would be reversed for small things.However the article called â€Å"When small losses do not loom larger than small gains: Effects of contextual autonomy support and goal contents on behavioral responses to small losses and small gains† tried to predict that in the conditions of psychological needs may increase behavioral responses to gains more than behavioral responses to losses. To sum up, their theory same as â€Å"When gains loom larger than losses: reversed loss aversion for small amounts of money† because both of them predicted that loses may not loom larger than gains.However there are differences in terms of conducting those predictions. The main difference among those two articles is that â€Å"When gains loom larger than losses: reversed loss aversion for small amounts of money† put their hypothesis in terms of monetary values whereas other article tried to understand behavioral a nd affective responses to gains because writers think that loss aversion hypothesis gives importance to monetary phenomena not behavioral responses. Thus, they tried to understand the effect of goal fulfilling on prospect theory.Goals are related to this issue because in article they pointed out that, goals are seen as reference points. Humans evaluate their success or unsuccessfulness of outcomes comparing themselves to reference point, they determined. Thus, reference outcomes determine whether they faced a loss or they face a gain. That means in terms of behavioral responses of prospect theory, reference points are important. REFERENCES Harinek, F. , Dijk, E. V. , Beest, I. V. , & Mersmann, P. (2007). When gains loom larger than losses:reversed loss aversion for small amounts of money.Psychological science, 18(12), 1099-1105. (Harinek, Dijk, Beest & Mersmann, 2007) Chatzisarantis, N. L. D. , Kee, Y. H. , Thaung, H. K. , & Hagger, M. S. (2011). British journal of social psychology . When small losses do not loom larger than small gains: Effects of contextual autonomy support and goal contents on behavioral responses to small losses and small gains, Retrieved from http://onlinelibrary. wiley. com/doi/10. 1111/j. 2044-8309. 2011. 02033. x/abstract (Chatzisarantis, Kee, Thaung & Hagger, 2011)

Personal Statement On Individual Values Essay - 1578 Words

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I have gone to community service or neighborhood volunteer activity once a week and very familiar with different culture and willing to accept and get in touch with people from various backgrounds. For example, I have always continued my journey on a community service project named â€Å"Cultures and languages exchange† by assisting American and Chinese students to learn in different culture and languages since I am fluent in both languages. Besides that, I also have helped organizations called â€Å"Redwood Empire Chinese Association†, locatedShow MoreRelatedPersonal Strategic Plan For A Business Organizat ion1282 Words   |  6 Pagespurpose of this paper would be a personal strategic plan for myself in which visualizes me as a business organization, or as You, Inc. 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