Week6DQ1 - unique company As Jack Welch puts it"What...

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Corporate culture refers to an organization's values, beliefs, and behaviors. In general, it is concerned with beliefs and values on the basis of which people interpret experiences and behave, individually and in groups. Cultural statements become operationalized when executives articulate and publish the values of their firm, which provide patterns for how employees should behave. At General Electric (GE), corporate values are so important to the company, that Jack Welch, the former legendary CEO of the company, had them inscribed and distributed to all GE employees, at every level of the company. The sum is greater than its parts at GE as both business and people diversity is utilized in a most effective way. A major American enterprise with a diverse group of huge businesses, GE is steeped in a learning culture and it is this fact that makes GE a
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Unformatted text preview: unique company. As Jack Welch puts it: "What sets GE apart is a culture that uses diversity as a limitless source of learning opportunities, a storehouse of ideas whose breadth and richness is unmatched in world business. At the heart of this culture is an understanding that an organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive business advantage." G o o d w i n , D a v i d . ( 2 0 0 7 , D e c e m b e r 4 ) . C u l t u r e s h i f t s . R e t r i e v e d f r o m h t t p : / / c u l t u r a l s h i f t s . c o m / a r c h i v e s / 1 8 1 P a s t l e a d e r s . ( 2 0 11 ) . R e t r i e v e d f r o m h t t p : / / w w w. g e . c o m / c o m p a n y / h i s t o r y / b i o s / j o h n _ w e l c h . h t m l...
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