Response to blog by Marissa Levin “Goldmen Sachs Exec Leaves Due to Toxic Culture” which can be found here http://www.successfulculture.com/goldman-sachs-exec-leaving-due-to-toxic-culture-three-lessons-for-all-of-us/
In entering a market, which is founded and determined by company profit, for the vast majority of companies, the only important contribution they expect from employees is the fiscal value that they bring to the company. This ideology is embedded throughout corporate culture and has resulted in the deterioration of core values that differentiate a company from the competition.
In a blog response to Goldman Sachs executive director Greg Smith, titled “Why I am leaving Goldman Sachs”, Marissa Levin discusses the permeation of individualistic thinking in the workplace. More specifically, the idea that company culture and core values are dependent on one another. In the resignation letter, Smith uses the term “Toxic Culture” to describe his workplace environment, as core values become more obscure and profitability becomes the main concern. Implicated in the deterioration of core ideas is the disorganization of a firm, as teamwork and shared identity become secondary and customers become exploitable assets. The idea of establishing a positive and constructive corporate culture functions to offer more than simply satisfying ones ethical conscience, it also creates a sense of pride and commitment to the values of the company. In an evolving economy, the greatest asset of any firm in business today remains the employees, and in creating an environment that disregards ethics and bases promotions on exploiting customers, firms are corrupting their workforce and weakening the very foundation of the company. As firms disregard other factors and focus simply on profit, they lose touch with their corporate identity and ultimately self-destruct.
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