There are over 85% of companies in the
Standard and Poor’s 500 with a web page dedicated to describing the
organization’s culture and values and principles informing the employee’s
behavior (Mordfin, 2014). Don Childears, the president, and the CEO of Colorado
Bankers Association claims that the presence of new competitors in the banking
sector has an intense impact on the banking business (Childers, 2013). Managing
the corporate culture is emerging as a key managerial challenge of the
millennium. This is a problem that is affecting banking institutions in Colorado
(Childers, 2013). Several academics and practitioners are spending time
focusing on the issue of whether organization culture has an impact on the
overall performance and effectiveness. The general problem is that many banking
institutions are not considering the impact that the organizational culture has
on performance. The specific problem is that the institutions fail to
understand how the organizational culture is impacting the employee performance.
Childears, D (2013). The state of banking in Colorado. Colorado Bankers Association
Mordfin, R. (2014). Strong Corporate culture leads to strong performance.