A Study on Organisational Culture of Banks in Kottayam Region, Kerala, Using Octapace Framework
Keywords:
Organizational Culture, Banking sector, Openness, Confrontation, ExperimentationAbstract
Culture is a crucial element in the life of an organization. This study aims to evaluate the level of organizational culture prevailing in the banking sector using OCTAPACE Profile developed by Udai k. Pareek. ‘OCTAPACE profile is a 40 item instrument that gives organizational ethos in eight values namely Openness, Confrontation, Trust, Authenticity, Proaction, Autonomy, Collaboration and Experimentation’, which is necessary to maintain a healthy organizational culture. The descriptive research design was adopted and Random sampling method was used to collect responses of 50 bank employees working in different banks at Kottayam region. The study used SPSS 23 and Microsoft Excel for the analysis and applied certain statistical tools like Mean, Standard deviation and correlation. The result shows that there exists a significant correlation among organizational values and ethos and the respondents almost exhibits a similar perception towards various OCTAPACE ethos in the organization. The study recommends that it will help the top management to identify weaker aspects of culture and develop a healthy organizational culture by bringing enhanced organizational performance and competitive advantage in the long run. The study suggests that there is a scope for further improvement in sample size and sample organizations in various sectors across the world.
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