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Corporate culture


Image: Shutterstock Most managers worth their salt know that building a successful organization isn’t enough to hire smart people with the right mix of professional skills. Managers should also strive to foster an unspoken social order, a common purpose, shared values ​​and standards – in short, a strong corporate culture. But in an era when …

SINGAPORE, November 30, 2020 / PRNewswire / – LIXIL, maker of pioneering water and housing products, today announced that, as part of ongoing measures to simplify the organization and move to a more agile culture, it is simplifying titles for managers and above throughout the organization. For managers of LIXIL International and working in global …

The new head of Croydon Council pledged to change ‘the way we make decisions as an organization’, accepted the need for better financial management and opened the door to meeting activists for a referendum on governance, which could lead Croydon to move directly to an elected mayor model of local government. In her first interview …

The probe comes after figures in Prime Minister Scott Morrison’s coalition reacted angrily after Ms Holgate denied using taxpayer funds to reward leaders. Australia Post paid more than $ 97 million in bonuses to staff last year, while hospitality and corporate box expenses at major sporting events in Melbourne and Sydney were among the perks …

Collaboration getty The just published Culture 500 study by MIT Sloan Management Review and Glassdoor analyze 500 of America’s largest companies and provide results on corporate culture. The study names 21 companies as “champions of culture”, recognizing them for their cultural excellence. Some of the most famous companies with a trillion dollar market cap are …

The summer has been filled with scorching images of racial injustice and the fury that injustice engenders. Now comes autumn, and with it a longing for the refreshing breeze of mighty reform. The right demand for diversity, equity and inclusion is heard on all sides. This week, California claimed to be responding on the business …

Larry Fink, chief executive of BlackRock, said the hardest part of running the giant asset management company in the midst of a global pandemic has been maintaining the “conservation of our culture.” Speaking Thursday morning at Morningstar Virtual Conference, Fink said disruptions and adjustments related to remote working have had minimal impact on business operations. …

“If you love it, you love it,” is how Carlos Brito, Managing Director of AB InBev since 2005, describes the strong internal culture of the global brewer. The ethos of hard conduct in the company comes from above. “Everyone thinks he could be Brito,” a former student of the group management training program once told …

Will the COVID-19 pandemic have an impact on corporate cultures? If yes, how ? This is a deceptively difficult question. The quick answer is that he already has. A brief headline read tells the surprisingly dark story: According to the Brookings Institution, more than 37 million Americans work in industries immediately affected by COVID. Almost …

To print this article, simply register or connect to Mondaq.com. Corporate culture has been a particular focus of financial services in recent times and has been one of the main goals of the Hayne Royal Commission. But what are the consequences of a bad culture – and who is ultimately responsible for it? Corporate culture …