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Globalisation of markets, the knowledge economy, e‐business and introduction of new technologies pose new challenges to all organizations irrespective of their size and sector for sustaining their competitiveness. In this scenario successful implementation of advanced manufacturing technologies (AMTs) by firms can give them an edge over their competitors. This paper aims to identify and develop the structural relationship among different factors for successful implementation of AMTs.

A questionnaire‐based survey and interpretive structural modelling (ISM) approach has been applied in this study. In this research, 14 factors have been identified such as top management commitment, organization culture, sound financial condition, training, integration of departments, etc. On the basis of survey results and opinion of experts from industry and academia, a structural relationship model has been developed through an ISM approach.

Top management commitment and sound financial condition are the major drivers for implementing AMTs. Effective implementation of AMTs will improve organization performance in terms of lead time, product cost, fast delivery and product quality. For effective implementation of AMTs, management should not ignore managerial aspects such as organization culture, employee training, integration of departments, vendor development, strategy development and customer involvement.

Management needs to address driving variables more carefully for successful implementation of AMTs.

This paper aims to examine 611 values statements to determine if values statements contain characteristics of organizational culture as provided by Denison and Mishra (1995). The general hypothesis given is there is a relationship between values statements and culture characteristics. Four testable hypotheses, one for each of Denison and Mishra’s (1995) characteristics, are created and tested.

The process in testing the hypotheses had two components. First, a taxonomy of the values statements had to be determined. This involved using natural language characteristics rather than predetermined classes to create a taxonomy based on the language itself. Second, a custom dictionary for each characteristic had to be created based on Neuendorf (2017) to perform content analysis. Once the values statements were coded with a taxonomic classification and with culture characteristics, a Chi-Square test was performed to determine a relationship between the statement type and the cultural characteristic, and then a multinomial regression test was performed to determine strength and direction of the relationships.

The tests for all four hypotheses produced significant results in the Chi-Square test. The multinomial regression tests showed primarily that Business statements types often lack adaptability and stakeholder involvement cultural elements. Additionally, Religion statement types are positively related to adaptability and mission.

This paper creates a taxonomy and supplies the rules for classification. Values statements can now be classified using those rules and the classification used in analysis. Additionally, as values statements span over organizational culture, strategic management and strategic communication, these statements become a focal point for studying multiple topics across these fields. More particularly, finding the negative relationship between the Adaptability characteristic with the Business statement type and the involvement characteristic with the Business statement type may provide a cultural explanation for many mixed result studies on organizational success.

Organizational culture can be displayed by way of values statements and can potentially affect organizational strategy and organizational communication. Wording is extremely important in creating a values statement, and that statement must clearly reflect the cultural values of the organization.

First, this paper creates a taxonomy of values statements that is far more complete than anything created before. Second, by examining language, this paper discovers a link between organizational culture, strategic management and strategic communication.