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Exploring Strategies to Establish an Effective Organizational Culture to Enhance Corporate Performance: A Concept Paper

Authors:

Y. L. Pathiranage ,

University of Kelaniya, LK
About Y. L.
Faculty of Graduate Studies
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L. V. K. Jayatilake,

University of Kelaniya, LK
About L. V. K.
Faculty of Commerce and Management Studies
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R. Abeysekera

University of Kelaniya, LK
About R.
Faculty of Commerce and Management Studies
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Abstract

Maintaining an effective organizational culture within the corporate group is indeed a must to enhance organizational performance and shareholder return. A concept is proposed for a qualitative study aimed to explore prominent strategies that one corporate group deploys to establish an effective organizational culture to enhance performance. Denison organizational culture model is served as the theoretical underpinning for the study. “What strategies do senior managers deploy to establish an effective organizational culture to enhance performance” is identified as the research problem of the study in order to bridge the prevailing research gap. The research problem is answered through four research questions. An exploratory single-case study design is used for the study. A purposive sample of 20 senior managers from a leading corporate group in Sri Lanka participate in semi structured face-toface interviews. The study corporate group has 47 companies belongs to six main sectors, which is one of the largest corporate groups in Sri Lanka. The chosen participants conform the criteria of a minimum of 5 years of experience with strategies in establishing an effective organizational culture in the corporate group. The findings of this study would reveal a new model for business managers to enhance corporate performance by establishing an effective organizational culture.
How to Cite: Pathiranage, Y.L., Jayatilake, L.V.K. and Abeysekera, R., 2021. Exploring Strategies to Establish an Effective Organizational Culture to Enhance Corporate Performance: A Concept Paper. Wayamba Journal of Management, 12(2), pp.189–203. DOI: http://doi.org/10.4038/wjm.v12i2.7537
Published on 30 Dec 2021.
Peer Reviewed

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