Types of Organizational Culture

(Tutorialspoint, 2023) Organizational culture is defined as the underlying values, beliefs, assumptions, and ways of interacting that contribute to the unique social and psychological environment of an organization. It is widely believed that while national cultures are based on deeply held values, organizational cultures are focused more on practices. And the repetition of these practices or behaviors within an organization is what determines the organizational culture (Association for Talent Development, 2023). A good organizational culture is hailed as the driving force behind a company's continued success (Nneji & Asikhia, 2021). In fact, companies with healthy organizational cultures are 1.5 times more likely to experience increased revenue of 15% or more over three years and 2.5 times more likely to experience significant stock growth during the same period. Culture is also key when it comes to attracting talent and outperforming the competition. Accordingl...