Changing Organizational Culture
February 12, 2025
We all are familiar with the classical theories of motivation, but they all are not empirically supported. As far as contemporary theories of motivation are concerned, all are well supported with evidences. Some of the contemporary/modern theories of motivation are explained below: ERG Theory McClelland’s Theory of Needs Goal Setting Theory Reinforcement Theory Equity Theory […]
Expected default frequency (EDF) is an important metric to be considered during the mitigation of credit risk. It is commonly used in many formulas used to predict future credit risks and default rates. The term expected default frequency (EDF) actually refers to the KMV model which was developed by credit rating agency Moody’s. The model […]
Australia is considered to be one of the most developed nations in the world. Up until now, the Australian economy has not seen any major recessions in the past twenty-five years. Many economic commentators consider this to be a remarkable feat. However, many analysts also believe that this reality may be about to change. Numerous […]
In the current hypercompetitive and fast-paced times, many innovations become obsolete before they could leave R&D labs and see the sun. Therefore organizations are vying for faster turnaround time to widen their markets and customer base. This calls for constant improvements in their working methodologies. With the growing sophistication in Information and Communication Technologies (ICT), […]
The dialogue between individuals to come to a common conclusion benefiting all is called as negotiation. Negotiation refers to the discussions among individuals evaluating the pros and cons of a situation and coming to an alternative best suited to all. In negotiation, individuals try their level best to come to a conclusion which would satisfy […]
A common platform where individuals work in unison to earn profits as well as a livelihood for themselves is called an organization. A place where individuals realize the dream of making it big is called an organization. Every organization has its unique style of working which often contributes to its culture. The beliefs, ideologies, principles and values of an organization form its culture. The culture of the workplace controls the way employees behave amongst themselves as well as with people outside the organization.
In other words, an organization is known by its culture.
Certain organizations follow a culture where all the employees irrespective of their designations have to step into the office on time. Such a culture encourages the employees to be punctual which eventually benefits them in the long run. It is the culture of the organization which makes the individuals a successful professional.
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