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Publication Type
Conference Proceedings
UWI Author(s)
Author, Analytic
Crick, Anne P.
Author Role
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Author Affiliation
Department of management studies
Paper/Section Title
The role of organizational culture in driving economic growth: A case study of Jamaican companies
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Proceedings Title
Sir Arthur Lewis Institute of Social and Economic Studies 6th Annual Conference
Date of Meeting
March 17-18, 2005
Place of Meeting
Kingston, Jamaica
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Abstract
In the last decade Caribbean organizations have forcibly been thrust into the new era of globalization with its attendant challenges of increased competition, rapid change and open markets. Organizations have responded in a variety of ways including restructuring, downsizing and retooling. Many of them have also chosen to focus on their human resource capacity in various ways including through the shaping of a strong and strategically aligned organizational culture as a tool and a resource for organizational improvement. At least two major financial organizations in Jamaica have appointed officers with specific responsibility of managing the culture. This focus on culture is likely to increase as it represents a relatively inexpensive but highly effective way of increasing organizational effectiveness. Using the case study methodology the paper looks at the ways in which several of Jamaicaís leading companies have deliberately transformed their cultures. The paper examines the reasons for the change and the impact that the change has had on the organizationís performance. The author highlights the values, practices and routines that are most utilized by these companies to achieve corporate success as well as those values that are not useful. The author suggests that culture can be utilized to achieve economic growth within other organizations and by extension the region.....
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