Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
8948074 | Business Horizons | 2018 | 9 Pages |
Abstract
Humility as a virtue of leadership has attracted increased attention in recent years. We introduce the concept of a humble organizational culture and define it as a culture that promotes humility as a key success factor and a source of competitive advantage, and one that institutionalizes six values and norms: (1) employee development, (2) mistake tolerance, (3) transparency, (4) accurate awareness, (5) recognition, and (6) openness. We position a company culture of humility as key to extraordinary success in the marketplace. Humility in individuals includes a willingness to see the self accurately and a propensity to put oneself and others in perspective. In this article, we offer a set of recommendations to help executives build a company culture of humility that supports the six behavioral norms and values that create the foundation for a firm's competitive advantage. We collected information on organizational cultures of humility for a sample of Fortune 500 firms using data from company mission statements, company websites, and news articles.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Tiffany Maldonado, Dusya Vera, Nichelle Ramos,