The Impact of Corporate Culture on the Performance of Industrial Enterprises

Abstract

The goal of every industrial enterprise is to make profits since it means survival in a tough competitive environment. This is also closely connected with achieving a certain level of performance that is carefully monitored through individual indicators. Financial performance indicators (e.g. relative indicators, absolute indicators, etc.) are particularly monitored. Non-financial performance indicators are also very important, however, only little attention is paid to them in enterprises. Some non-financial performance indicators can be expressed numerically, but in units other they can reflect factors which significantly contribute to the overall company performance and cannot be figured out in monetary terms. Corporate culture is an important factor affecting non-financial indicators. Therefore, research carried out in frame of dissertation thesis at the STU Faculty of Materials Science and Technology in Trnava in 2018, was focused on the impact of corporate culture on performance of large industrial enterprises in the Slovak Republic. The research was also part of the VEGA 1/0348/17 project implementation: “The Impact of the Coexistence of Different Generations of Employees on the Sustainable Performance of Organisations”. There are presented statistically verified and appropriate evaluated research results in the article.