Corporate Culture: Technology of its Formation

Authors

  • Oksana Khilukha Lesya Ukrainka Eastern European National University
  • Anatolii Levchuk Lesya Ukrainka Eastern European National University
  • Andrey Maksymchuk Lesya Ukrainka Eastern European National University

DOI:

https://doi.org/10.29038/2411-4014-2017-03-47-52

Keywords:

corporate culture, employee relations, organizational performance, productivity

Abstract

The article investigates corporate culture as a factor which form a facilitate reliable performance in relatively unstable environments. The study reviews the concept and approaches to the corporate culture. The research followed by methods, such as comparative analysis, synthesis, scientific abstraction. Practical implications. The study finds that an effective culture must be aligned with moral and psychological qualities of the employer and employee of the company. Research implications. The study shows that the corporate culture influence the performance of the organization and productivity of its employees. 
Further studies should examine the possible relationships between corporate culture and the strategy of the company among Ukrainian companies.

References

Berle, A., & Means, G. (1932). The modern corporation and private property. New York: Macmillian.

Blair, M. (1995). Ownership and Control: Rethinking Corporate Governance for the Twenty First Century. Washington: Brookings Institution.

Velentzas, I., & Broni, G. (2010). Business Ethics, Corporate Governance, Corporate Social Responsibility. Ilidza: IuS.

Khilukha O., & Kuzmin O. (2016) Regulation of stakeholders' interests in corporate governance through negotiations. Economic-Annals-XXI, 9–10, 56–60.

Hart, O. (1995). Corporate governance: some theory and implications. The Economic Journal, 105(430), 678–698. doi: https://doi.org/10.2307/2235027

Astapova, G. V. (2006). Orhanizatsiyno-ekonomichnyy mekhanizm korporatyvnoho upravlinnya aviapidpryyemstvom na osnovi prava trudovoyi vlasnosti [Economic management mechanism of corporate management of the aviation company on the basis of labor ownership]. Kyiv: National Aviation University (in Ukrainian).

Lipych, L. G., Tovstenyuk, O. V., & Khilukha, O. A. (2014). Investytsiyna pryvablyvist’ intelektual’noho kapitalu pidpryyemstv: identyfikatsiya i diahnostyka [The investment attractiveness of enterprises’ intellectual capital: identification and diagnostics]. Visnyk Khmelnytskoho natsionalnoho universytetu. Ekonomichni nauky – Herald of Khmelnytskyi National University, 6(1), 139–141 (in Ukrainian).

Downloads

Published

2017-09-26

How to Cite

[1]
2017. Corporate Culture: Technology of its Formation. Economic journal of Lesya Ukrainka Volyn National University. 3, 11 (Sep. 2017), 47–52. DOI:https://doi.org/10.29038/2411-4014-2017-03-47-52.