Corporate Entrepreneurship: How to Create a Thriving Entrepreneurial Spirit Throughout Your Company
by Robert Hisrich, Claudine Kearney
Culture
Organizational culture refers to the ideas, values, and beliefs shared by an organization regarding its opportunities, problems, practices, and goals. Culture is a fundamental part of an organization’s commitment to excellence as well as being a determinant of employee behavior and commitment. A shared organizational vision is an important aspect of culture as it can overcome potential boundaries between the existing organization and venture by creating a common language and mutual understanding. A shared language is vital for effective communication and knowledge exchange. A shared vision can help recognize the value and knowledge within the organization. At 3M, there is an unwritten guideline that researchers can spend 15 percent of ...
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