Culture also eats innovation for breakfast!
ISSN: 0258-0543
Article publication date: 18 October 2019
Issue publication date: 6 November 2019
Abstract
Purpose
This paper examines the role that corporate culture plays in shaping firm performance. It specifically examines how a corporate crisis event resulted in adaptive cultural responses that may be inhibiting the level of firm innovation.
Design/methodology/approach
The research presents a longitudinal analysis of risk and innovation words contained in Barclays Plc corporate annual reports.
Findings
In the wake of corporate fraud and punitive charges, Barclays Plc introduced a number of new governance structures and a new code of conduct for employees. These initiatives moved the firm away from excessive risk taking, but may have also placed an emphasis on risk aversion at the expense of innovation.
Practical implications
The insight provided by this viewpoint and analysis may help CEOs and their management teams to better understand how changes in strategy, and or new corporate initiatives, create adaptive changes in culture. These changes, whilst making improvements in one area, may detract from performance in other parts of the firm.
Originality/value
This paper provides a highly original look at corporate culture and has employed an innovative methodology to underpin the analysis and subsequent viewpoint.
Keywords
Citation
Oliver, J.J. (2019), "Culture also eats innovation for breakfast!", Strategic Direction, Vol. 35 No. 12, pp. 1-3. https://doi.org/10.1108/SD-07-2019-0135
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited