Case study Essay Example | Topics and Well Written Essays - 2750 words

subject area study - Essay ExampleIn order to re master(prenominal) competitive and keep sozzled integrated image, Eurobank creates its finis base on a strong corporate philosophy and unique national set and traditions of the home country.The relationships between corporate and national culture can be explained by a strong impact on national traditions and cultural values typical for France. They involve loyalty and long service, paternal values and commitment to labor laws in its redundancy policy (Baron & Walters 1994). Eurobank adopts the national culture as the eye of its ethics and corporate image. Eurobank favors attributes that allow it to define brass instrumental identity from the perspective of organizational actors experiences (e.g., leadership, governance structure, lord qualities required for climbing the corporate ladder). Top focusing presents quality service to customers as one of the banks main defining attributes. This is clear from the presentation of cu stomer service as a mission, a primary goal, a tradition, a constant, a strength, a reason for everything else the bank does, and a distinctive Eurobank trademark (Brake et al 1995).A companys culture is actually an aggregate of subcultures that have developed in response to unique challenges faced, by various groups within the organization (Brake et al 1995). ... The organization provides a broad range of financial services and has an drawn-out national and international network. It is a highly visible and successful organization that has vied for a superior go down among its competitors on many levels. The goals of the organization are pursued in accordance with an underlying ideology, or philosophy, based on beliefs, values and attitudes (Brake et al 1995). This ideology determines the culture of Eurobank and provides a set of principles which govern the overall conduct of the organizations operations, codes of behavior, the management of people and its dealings with other org anisations. These sets of principles may be recognized and implemented informally as accepted conventions of the organization or they may be stated formally in writing. It is mission is to offer a situate service which mirrors the values of local customers yet provides access to a sophisticated banking network is an important drawstring in the business strategy (Baron & Walters 1994). In this sense, Eurobank management has an effect on corporate culture by setting an expected standard. Managers have a high degree of autonomy which allows them to reward employees within their departments. Still, day to day, interpretations of corporate values are left up to the individual employees. They may be somewhat self-sufficient in thought, but there also may be a groupthink that develops in much the said(prenominal) way as assumptions do. Leadership helps to influence values within the corporate culture but, still, it cannot control them. Aspects of culture bleed into every activity of th e organization. For Eurobank, they are often intangible qualities, but they are significant none the less. To be part of the organizations identity, an