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Do corporate cultures change over time? : Evidence from South Korea

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  • Do corporate cultures change over time?
  • Cho,Yung-Ho; Yu,Gyu-Chang; Joo,Min-Kyu
  • City University of London


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Title Do corporate cultures change over time?
Similar Titles
Sub Title

Evidence from South Korea

Material Type Reports
Author(English)

Cho,Yung-Ho; Yu,Gyu-Chang; Joo,Min-Kyu

Publisher

London,U.K. : City University of London

Date 2017
Series Title; No Cass knowledge / 5-11-12
Pages 10
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Economic Administration
Economy < Economic System
Holding City University of London
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Abstract

We investigate corporate culture change in South Korean big businesses – the chaebol. This is based on a two-point survey in 1995 and 2006. We find the following. First, a lot of changes in values and attitudes of employees. Traditional collectivism and the positiveoriented attitude which characterized the dynamism of business have declined. Second, despite these overall changes, individual companies maintain their identities according to their chaebol group. Also, cultural differences have not been converging but rather diverging. Based on these findings we can hypothesize that business society has become more diverse. While maintaining core elements of traditional collectivism, society has to cope with widening diversity at individual and organizational levels. In this diversifying society the management of organizational culture is going to play a more important role to attract the right people and maintain organizational identity. From this we can posit that a ‘diversity paradigm’ could be emerging in business.