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corporate culture

By Brittany Lawrence,2014-05-04 15:49
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corporate culture

Corporate culture

    Emphasis: speaking

    Other skills involved: reading

Vocabulary

    bottom-line: net income(1)

I. Describing company culture

    1. competitive

    cut-throat/fierce competition

    the pay is performance-related, and nobody gets the same battle each other for promotion and for bonus

    the performance is measured in comparison with other teams and divisions. Its rat race

    Entrepreneurial: we are encouraged to look for new business and take risks

2. supportive

    every employee has a mentor

    get a lot of back-up from senior staff

    we are sent for training courses

    have weekly get-togethers/informal meetings

    we talk through our difficulties and come up with ideas and solutions

3. bureaucratic&controlling

    there are a lot of regulations and correct procedures

    there are plenty of red tape/paperwork for bureaucratic approval for sth we do things by the book/stick to rules

    the boss is autocratic and we do as were told without questions

4. efficient

    streamlining procedures or organizational structure-divisions and teams make efficiency gains

5. informal

    it doesnt have a dress code

    turn up at work wearing jeans and T shirt

    everyone talks to everyone else in a really relaxed way theres none of that them-and-us feeling between management and staff / boss and subordinates

II. How company culture affects a company’s performance?

    Corporate culture is the shared values and norms of the organization Guide the day-to-day operation of the company

    Example: Mcdonalds

III. Weakness of corporate culture

    Physical environment at work

    Competitive salary: bonus, paid holiday, retail vouchers Interpersonal relationship-boss, among coworkers

    Challenges from work

    Hours of work

    Future prospects: training, program, seminar, internal promotion

Assignment:

    Corporate culture for Mcdonalds

    McDonald's corporate culture is to do the right thing for their employees, the community and the

    customers they serve.

    Check the link provided below for details and evidence supporting the argument made above.

    (You can try food in McDonald’s as well )

    http://www.mcdonalds.com/usa.html

    This commitment is just as important to them as serving hamburgers and french fries. In addition, they provide support to local developmental projects, school and youth programs; moreover, the Ronald McDonald house provides support for the well-being of children around the world. "McDonald's has a people vision to be the best employer in each community around the world." [They believe that their] "people promise and people principles express [their] commitment to respect, recognition, openness, and employee development." "Diversity is integrated into [their] business operations and planning around the world.

    Great food, fun to eat, casual environment, local and familiar, and always something new.

The community: have a duty to act responsibly, charities,

    The customers: high quality is one of our highest priorities. serve best to the customers, cheese, eggs, meals, produce.

Terms

    1. Bottom line=net income

    Net income=total revenue - operating expense interest paid depreciation

    Income after all expenses and taxes have been deducted. Net income, the most frequently viewed figure in a firm's financial statements, is used in calculating various profitability and stock performance measures including price-earnings ratio, return on equity, earnings per share, and many others. Also called aftertax profit, bottom line, net, net profit, profit.

2. revenue=turnover(UK)= earnings from sales

3. return

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