Indian Insurance Industry Revolutionizes Organizational Culture for Competitive Advantage
The article explores organizational culture in the Indian insurance industry using the OCTAPACE framework. The researchers evaluated responses from 73 participants across three insurance organizations to assess values like Openness, Trust, and Collaboration. They found significant differences in organizational culture dimensions and correlations between values. The study identified weaker aspects of culture that can help top management improve organizational effectiveness and performance in the long term. Organizational culture plays a crucial role in shaping employee behavior and organizational success.