Other skills involved: reading
bottom-line: net income(1)
I. Describing company culture
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. It’s rat race
Entrepreneurial: we are encouraged to look for new business and take risks
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
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 we’re told without questions
streamlining procedures or organizational structure-divisions and teams make efficiency gains
it doesn’t have a dress code
turn up at work wearing jeans and T shirt
everyone talks to everyone else in a really relaxed way there’s 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
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
Corporate culture for Mcdonald’s
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 )
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.
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