Work Culture in Financial Services: A Case Study of Life Corporation of India

Abstract

A failure to understand the values, beliefs and traditions of the work environment can give misleading results. Mostly it so happens that the workers are blamed for poor productivity or decrease in organizational effectiveness and the role of the senior executives are ignored. The main objective of this study is to analyze the impact of Privatization of work culture in LIC of India. The study is based on secondary data. The study found that the problems that the corporations and other firms are facing today are because of the failure in getting the solution to the business problems. Only if the solution is sought they can adapt to the changing environment and succeed in emerging as leaders. Fear and insecurity dominate the culture in today’s organization.