WORLD BUSINESS CULTURE DAY – September 18, 2022

History of World Corporate Culture Day

The concept of corporate culture, or corporate culture, was developed in the early 1980s and gained popularity in the 1990s. The term was used by managers, sociologists, and other academics to describe the culture of a particular company. This culture includes beliefs, behaviors, value systems, strategies, communication, relationships, environment, attitude, dress code, etc.

In 2015, it was recognized that corporate culture is not only created by a company’s founders, management and employees, but also by “national cultures and traditions, economic trends, international trade , company size and products. Technological advancements have changed the nature of corporate culture in recent years. Organizations today are affected by multiple cultures due to globalization and increased international interactions.

Successful corporate cultures often boil down to a few characteristics. These include vision, values, practices, people, story and place. The culture of a company impacts its overall functioning. Additionally, employees may be attracted to companies whose cultures interest them. For example, for a company that is focused on innovation, fostering a culture conducive to it will be essential not only to operate, but also to attract human capital capable of thriving in such an environment.