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- Title
CORPORATE CULTURE AS FACTOR FOR ORGANIZATION'S RESILIENCE.
- Authors
Valkanova, Anna
- Abstract
The feeling of an increased, intrinsic uncertainty, due to the rapidly changing situation in the financial sector, consumer attitude changes, growing employees' expectations and the significant political uncertainty in a digitally transformed world, forces organizations to invest in developing new coping strategies. Thus, in this changing environment, along with the issue of efficiency, the need for the organizations to protect themselves from and pass through a variety of potential shocks and crises becomes of a primary importance. The article outlines the thesis of the organization's resilience as a competence to overcome the shocks and to retain organization's main purpose by creating an adequate corporate culture that encourages the continuous exchange of information, the empowerment of every employee to react independently and in a timely manner, and the employees' dedication for work. An essential part of this type of corporate culture is also the acceptance of the idea that disruptions represent a part of the functioning of each organization and therefore a special attention has to be paid to conditioning for such extreme situations.
- Subjects
CORPORATE culture; EMPLOYEE empowerment; CONSUMER attitudes; ORGANIZATIONAL resilience; INFORMATION sharing
- Publication
Economic Studies, 2019, Vol 28, Issue 5, p89
- ISSN
0205-3292
- Publication type
Article