Culture & Perceptual Biases

Culture and Perceptual Biases Student’s Name Institutional Affiliation Culture and Perceptual Biases What is corporate culture, and why is it important for the success of an organization? Corporate culture is a concept that defines an organization’s operations and stakeholder interactions. Definitively, corporate culture is a combination of shared beliefs, values, behaviors, and attitudes that guide those stakeholders to interact within an organization (Glauner, 2017). Corporate culture is the tool that outlines the “Dos” and “Don’ts” of an organization. With a corporate culture, employees or other stakeholders understand their roles and what is expected of them. Often, it is the element of corporate culture that differentiates one organization from another. Corporate culture is important to organizations in various ways. Primarily, it guides stakeholders like employees and shareholders. That is, it tells each stakeholder what the organization expects ...