Corporate Culture and Organisational Performance: A Review of Literature

Abstract

Corporate culture is one of the major important constructs in management research which has led to several researches conducted in order to explore and establish the relationship that exist between it and organisational performance. Focusing on Schein, Denison and Hatch model of organisational culture, the study aimed at establishing the relationship existing between the corporate culture and organisational performance with an extant review of literature. The study discovered that based on Schein model of organisational culture which includes the shared values, beliefs and basic underlying assumption, management has the responsibility to incorporate culture in the entity at the inception and which grows over a period of time. The findings include the fact that there exists a significant and close relationship between corporate culture and organisational performance as the latter has led to tremendous success and development in the organisations under consideration. However, the study discovered that researches on the subject matter remain inconclusive as there are various variables of culture that are yet to be fully explored in research. Therefore, the study recommended that management of organisation should endeavour to establish an acceptable and well appreciated culture by members in order to enhance continuous success and development.