Individual and Group Aspects of Corporate Culture

The study of organizations has been approached by anthropologists, sociologists, (social) psychologists and economists. The share of economics has been modest. This seems surprising because economists have developed a "theory of the firm", but this theory is rather silent about the internal functioning of firms. It would probably be more appropriate to characterize this theory as a theory of markets. However, we believe that recent developments in economic theory provide room for a new attempt to analyse many aspects of the internal functioning of organizations (Hendrikse (1993)). This article will concentrate on corporate culture.