 Corporate Culture as Factor for Organization’s ResilienceAnna Valkanova Economic Studies journal, 2019, issue 5, 89-102 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. JEL-codes: L2 M14 M2 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2019:i:5:p:89-102 Access Statistics for this article More articles in Economic Studies journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC. |
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