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Corporate Culture as Factor for Organization’s Resilience

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  • Anna Valkanova

Abstract

The feeling of an increased, intrinsic uncertainty, due to the rapidly changing situation in the financial sector, consumer attitude changes, growing employees’ expectations and the significant political uncertainty in a digitally transformed world, forces organizations to invest in developing new coping strategies. Thus, in this changing environment, along with the issue of efficiency, the need for the organizations to protect themselves from and pass through a variety of potential shocks and crises becomes of a primary importance.The article outlines the thesis of the organization’s resilience as a competence to overcome the shocks and to retain organization’s main purpose by creating an adequate corporate culture that encourages the continuous exchange of information, the empowerment of every employee to react independently and in a timely manner, and the employees’ dedication for work. An essential part of this type of corporate culture is also the acceptance of the idea that disruptions represent a part of the functioning of each organization and therefore a special attention has to be paid to conditioning for such extreme situations.

Suggested Citation

  • Anna Valkanova, 2019. "Corporate Culture as Factor for Organization’s Resilience," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 89-102.
  • Handle: RePEc:bas:econst:y:2019:i:5:p:89-102
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    References listed on IDEAS

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    1. Arrow, Kenneth & Bolin, Bert & Costanza, Robert & Dasgupta, Partha & Folke, Carl & Holling, C.S. & Jansson, Bengt-Owe & Levin, Simon & Mäler, Karl-Göran & Perrings, Charles & Pimentel, David, 1996. "Economic growth, carrying capacity, and the environment," Environment and Development Economics, Cambridge University Press, vol. 1(1), pages 104-110, February.
    2. Costanza, Robert, 1995. "Economic growth, carrying capacity, and the environment," Ecological Economics, Elsevier, vol. 15(2), pages 89-90, November.
    3. Yossi Sheffi, 2005. "The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693496, December.
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    Cited by:

    1. Arben Fetoshi & Remzie Shahini-Hoxhaj, 2023. "Internal Communication in Organizations: The Case of the Post of Kosovo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 70-87.

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    More about this item

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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