Group portfolio Research Paper Example | Topics and Well Written Essays - 500 words

Group portfolio - Research Paper Example However, the organization sticks to its beliefs that successful companies move with the time while still devoting to developing a healthy and dynamic enterprise. One of the core cultural values that Haier group has is the rights and wrongs sense whereby the product users are considered always to be right while the company need to regularly improve itself (Sprague, 2002). The culture acts as the driving force, hence forming value for the customers; the employees work their best to meet the customer’s needs in addition to generating a wide variety of choices that they can choose from. The workforce has a mind-set, whereby, they feel the need to persistently advance themselves, which they perceive to be the only way they can continually refuse, dare and outdo themselves in order to realize their innovative character through change. The organization, in addition, has an adaptive culture that has led to its growth, whereby it maintains its pace with the social growth while maintaining an awareness of any changes occuring in the world. Its innovative character enables the firm to uphold a competitive benefit in the ever-changing market. Tha t is to say, the more radical the world changes the quicker the speed of customer’s variation, hence, the more lasting the inheritance turns out to be (Lin, 2005). In addition, the organization has employed the concept of two spirits, innovation and entrepreneurship, which are considered to be the genes for the company’s consistent culture. The genes ensure that all members of the workforce maintain their value in addition to guiding them in their individual development. It is also mandated for every employee to have the entrepreneurship and innovation spirits. Entrepreneurship is considered to be the spirit of pioneering work in which the company persuades all employees to have it (Yi, Jinsheng and Xian, 2002). They are encouraged to transform from being