Some good corporate practices to follow

1. Community:  Setting corporate goals that are also good for the community take you far. 

 2. Responsibility:  Giving every person in the organization responsibilities makes them feel valuable. Make them answerable for the tasks to the entire organization and not only to their superiors. 

 3. Sense of belonging:  Employees should not be hired and fired to make stockholders happy. Companies that do this go down anyway. This serves no purpose except to make staff insecure and unpleasant. Every one is watching out for the skin on their own backs. The human value component must be high. Do not over hire so that you may have to fire. 

 4. Relevance:  Should not be armed wrestled while decision making. For example, the labor unions in America would not allow CNC machines to be used in the industry because they feared they would lose their jobs. In time they lost their jobs to Mexico and China who had no qualms in using any means including CNC machines that gets the job done. 

 5. Credit:  Giving credit for the smallest input will help the employees perform better and motivate them to innovate. Stealing credit from junior employees is the biggest problem in the corporate world today. 

 6. Rewards:  Employees must be rewarded with monetary and other benefits like promotion to make them want to give in their 100 %. Withholding rewards directly translates in to withheld performances. 

 7. Representation:  Every section of workers must be represented in the decision making process. In other words, instead of students being represented by a faculty member at a board of directors meeting, it is better to have a student representative. 

 8. Envy:  One needs to look out for the Cassius who kills Caesar in an organization. These are generally weak people who drum up support to bring someone down. It leads to a blood bath and nobody wins. 

9. Stars:  No organization can become a star organization without stars. It is better to retain star employees even if some are obnoxious as long as they add value. 

10. Bonding:  Activities like sports and picnics help in bonding. But if you are not much a sports person you may not fully participate. To form special interests groups in the organization is more fruitful. Knitting clubs, Chess players club, Bird watchers club, etc. are examples.