Corporate culture: It’s impact on corporate life and business practices in Nigeria

Abstract

It is worthy of note that every corporation has a corporate culture and several subcultures, both strongly impacting on the work behaviour of management strategists and business policy makers. Again, every corporation also has goals and objectives which represent the purpose for its formation. Strategy is the means through which this pre-set goals and objectives are achieved. However, Managerial behaviour emanating from corporate culture and subcultures can either enhance or hinder the successful implementation of strategy. Other dimensions of corporate life and business practice that experience the impact of corporate culture include, multinational organizations as well as mergers/acquisitions. Creating a strategy-supportive cooperate culture fit is the only option open to the management strategist in the circumstance. This paper in a nutshell, looks at what corporate culture is, how it impacts on various aspects of corporate life and business practice and how it can be managed to ensure a successful implementation of strategy-supportive corporate culture fit.