Page 123 - MS Year in Review 2020
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employees are considered ‘‘second class citizens." Regardless, treatment of people

           is a key dimension of corporate culture.




           Performance Standards & Accountability. Performance standards include things

           like what and how much employees are held accountable for, the level of quality
           expected in products, and the expected level of customer satisfaction


           Another key aspect of culture is “accountability.” Unfortunately, there are many
           examples of companies in which accountability is not explicitly part of the culture.





           Commitment to Change and Innovation.  The fourth major cultural element is

           how a company views and reacts to and manages change, including
           innovation. Growing organizations that embrace change as a “way of life” tend to
           experience less difficulty in making the required transition. Those, in which change

           is viewed as threatening, tend to experience sometimes significant
           problems. Innovation is an aspect of change, but it is also important in itself. It
           includes not only produce innovation but also innovation in organizational processes

           and methods.





           Company Process Orientation. The fifth and final major cultural element focuses
           on the view that people hold of certain specific aspects regarding how the company
           operates. These processes are decision-making, communications, and the planning

           process. Some organizations and some national cultures are more process oriented
           than others. The particular dimension of culture has great relevance to the
           transition from entrepreneurship to professional management that is a stage of

           growth for many companies.









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