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Relations of dimensions of organisational culture and economic performance in companies in Bosnia and Herzegovina |
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PP: 57-74 |
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doi:10.18576/ijye/010105
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Author(s) |
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Edin Strukan,
Halid Makić,
Jasmina Ibrahimpašić,
Azra Bećiraj,
Denis Fazlić,
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Abstract |
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| As a result of globalization, entry of foreign capital and the need to achieve greater competitiveness of companies, interest in understanding the organisational culture in Bosnia and Herzegovina in recent years is growing. In an era characterized by rapid adaptation of organisational performance to changes imposed by the market environment, organisational culture and economic performance are becoming an indispensable factor of success. Managers who want to achieve superior business results are required to be familiar with the national culture and to be able to create an organisational culture in their companies as this can have a significant impact on improving the economic performance but also on many other organisational outcomes. The aim of this paper is by giving explanation on the relation of dimensions of organisational culture and economic performances, provide guidelines to top managers in companies in Bosnia and Herzegovina for initiation of appropriate actions to change the organisational culture in your company in order to improve various organisational outcomes. The research included 334 middle managers, employees in companies in Bosnia and Herzegovina. Results of the research have found existence of statistically significant relationship between organisational culture and the economic performance of the companies in Bosnia and Herzegovina.
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