The cost of a dysfunctional corporate culture can be substantial: public companies caught committing corporate fraud lose, on average, 25% to 44% of the value of their equity.

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Organizational culture shapes how people interact, how decisions are made or avoided, the context in which cultural artifacts are created, employees' attachment to the organization, the organization's competitive advantage, and the internal alignment of its units.

Outcomes Influenced by Organizational Culture

MIT Sloan Management Review project page on measuring culture in leading companies, including the Culture 500 dataset. https://sloanreview.mit.edu/projects/measuring-culture-in-leading-companies/

MIT Sloan Management Review

Wells Fargo, then the third-largest bank in the United States by assets, lost nearly $30 billion in market capitalization in a single day. The Federal Reserve had barred the bank from growing as a penalty for opening more than 2 million customer accounts without authorization. An investigation commissioned by the bank's independent directors concluded that the root cause of the fraudulent behavior was the culture of the division whose employees opened the accounts.

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