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Organizational Culture – A Key Factor for the Creation and Implementation of the Company Strategy

Author

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  • Ilian Minkov

Abstract

The study is devoted to the role and place of the organizational culture in the strategic management process. On the basis of theoretical analysis of the nature and particularities of culture in the organization are derived its content features, including elements, functions, tasks and etc. The influence of the characteristics of the established culture on the process of strategic planning in the company is diagnosed. It is also scrutinized the reverse relationship – the need for cultural adaptation to the requirements of the chosen competitive strategy. The key characteristics of organizational culture necessary to achieve success in today's market conditions of competition are also outlined.

Suggested Citation

  • Ilian Minkov, 2009. "Organizational Culture – A Key Factor for the Creation and Implementation of the Company Strategy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 91-123.
    • Handle: RePEc:bas:econst:y:2009:i:2:p:91-123
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    Cited by:

    1. Dmitry A. Ruban & Natalia N. Yashalova & Vladimir A. Ermolaev, 2021. "Is Environment a Strategic Priority of the Leading Energy Companies? Evidence from Mission Statements," Sustainability, MDPI, vol. 13(4), pages 1-18, February.

    More about this item

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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