Compelled company to have new creed (7)
I believe the answer is:
coerced
'compelled' is the definition.
(coercing is a kind of compelling)
'company to have new creed' is the wordplay.
'company' becomes 'co' (abbreviation).
'to have' says to put letters next to each other.
'new' is an anagram indicator.
'creed' is an anagram of 'erced'.
'co'+'erced'='COERCED'
(Other definitions for coerced that I've seen before include "Compelled" , "Put pressure on" , "Persuaded by force" .)