Organizational Culture of Mastercard

Organizational Culture of MasterCard
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Organizational Culture of MasterCard
Organizational culture represents certain predefined rules and regulations which guide the workers and develop a sense of direction. Corporate culture is a complex system that consists of common values and beliefs and guides the worker's behavior within the company. It is essential to have insights into the organizational culture of an organization because, today, the market is a competitive environment. This paper analyzes the organizational culture of MasterCard in the light of Schein's organizational model that entails artifacts, espoused values, assumptions, and beliefs.
MasterCard Foundation comprises several core products: consumer credit, consumer debit, prepaid, and commercial. The company offers numerous programs which allow issuers to provide customers with credit cards. Credit cards are essential in facilitating deferred payment (Wang & Guetta, 2020). Consumer debt entails supporting many payment products and answers, enabling the clients to offer the appropriate consumer access to funds in deposits. One can use the company's debit and access programs to purchase products and get money in bank branches and ATMs (Wang & Guetta, 2020). Alternatively, prepaid accounts are a form of electronic payment that allows customers to pay in advance regardless they previously had a bank account. Customers can use these accounts to make payments or withdrawals. On the other hand, the organization provides commercial payment solutions and products that enable large, middle, and small companies and government entities.
MasterCard Foundation functions in the form of co-branding with financial institutions and retailers. Financial, which collaborates with MasterCard, acts as the issuer. Usually, the institution is provided with the privilege to evaluate the terms and conditions of cardholders. Additionally, the partner can decide whether to issue credit, debit or prepaid cards. On the other hand, the third-party bank mu...