Corporate Culture as a Formula for Company Success in the Digital Economy

Corporate culture plays a key role in the success of any organization, influencing not only the internal atmosphere but also the external perception of the company. It forms the basis on which relations between employees and management are built, determines the management style and approach to solving work tasks. The importance of creating and maintaining a healthy corporate culture cannot be overestimated, as it directly affects employee motivation, labor productivity and the overall success of the company. 

Corporate culture is always a priori unique for each company. This model of optimal interaction between all employees can take years to build, it all depends on the interest of the management. Its main task is to create a comfortable environment for result- orientation. A close-knit team of like-minded people, united by a common corporate culture, is able to show true professionalism and work miracles to achieve their goals.

In the digital economy, there are fundamentally new requirements for corporate culture institutions. The digital economy is not only a large-scale technological breakthrough, but also the corresponding creation of a new culture, values and behavioral norms. The target model of digital human capital competencies assumes the presence of cognitive skills (self-development, organization, management skills, achievement of results, solving non-standard tasks, adaptability), social and behavioral skills (communication, interpersonal skills, intercultural interaction) and digital skills (systems building, information management). The digitalization of the economy requires radical changes in both the personality and skills of the employee. The situation is aggravated by the fact that the new generation is constantly faced with emerging and disappearing professions, and technological innovations shorten the life span of any profession. 

The need to participate in the global digital economy requires training not only programmers and engineers, but also fundamentally new types of specialists. At the same time, the use of digital technologies will lead to a reduction in employment in many professions, and in the future even to their complete disappearance. 

Sample Chapter(s)
Introduction (148 KB)
Components of the Book:
  • Introduction
  • Chapter 1 Corporation as a Social Institution
  • Chapter 2 Human Capital of the Corporation
  • Chapter 3 Corporate Institutions of the Company
  • Chapter 4 Social and Business Culture
  • Chapter 5 Corporate Strategy, Mission and Values
  • Chapter 6 Corporate Culture as a Formula for Business Success
  • Chapter 7 Corporate Competencies
  • Chapter 8 Corporate Motivation
  • Chapter 9 Corporate Training Systems
  • Conclusion
  • Bibliography
Readership: Students, academics, teachers and other people attending or interested in the Corporate Culture and digital economy.
1
Introduction
Ashot Khachaturyan
PDF (148 KB)
5
Chapter 1 Corporation as a Social Institution
Ashot Khachaturyan
PDF (209 KB)
19
Chapter 2 Human Capital of the Corporation
Ashot Khachaturyan
PDF (212 KB)
33
Chapter 3 Corporate Institutions of the Company
Ashot Khachaturyan
PDF (225 KB)
49
Chapter 4 Social and Business Culture
Ashot Khachaturyan
PDF (344 KB)
82
Chapter 5 Corporate Strategy, Mission and Values
Ashot Khachaturyan
PDF (290 KB)
103
Chapter 6 Corporate Culture as a Formula for Business Success
Ashot Khachaturyan
PDF (299 KB)
133
Chapter 7 Corporate Competencies
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PDF (224 KB)
149
Chapter 8 Corporate Motivation
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PDF (213 KB)
163
Chapter 9 Corporate Training Systems
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PDF (233 KB)
179
Conclusion
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PDF (138 KB)
181
Bibliography
Ashot Khachaturyan
PDF (178 KB)
Ashot Khachaturyan
Khachaturyan Ashot Ardavasovich graduated from the Faculty of Economics of Lomonosov Moscow State University (Department of Economic Cybernetics) and completed postgraduate studies at the same faculty. Doctor of Economics, Professor. Deputy Director General of the International Research Institute of Management Problems (Moscow). In 2010-2021 he was Editor-in-Chief of the international journal "Problems of Theory and Practice of Management".

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