BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INTERNATIONAL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A shared basic assumption about how a business should operate internally and interact with customers externally is known as:
A
Organizational culture
B
Management culture
C
Corporate style
D
Management style
Explanation: 

Detailed explanation-1: -To paraphrase organizational culture expert Edgar Schein, Culture is a shared set of assumptions among employees at all levels of an organization about the correct way to talk, act, feel, perceive, and think in certain situations. These “shared assumptions” evolve over time based on observations people make.

Detailed explanation-2: -The second part presents the operates of basic assumptions of organizational culture: individualism/ collectivism, power distance, uncertainty avoidance, masculinity/fem-ininity, which are taken from Hofstede Model of Cultural Dimensions.

Detailed explanation-3: -They identified 4 types of culture – clan culture, adhocracy culture, market culture, and hierarchy culture. You can take the Organizational Culture Assessment Instrument (OCAI) to assess your organization’s culture in just 15 minutes and make strategic changes to foster an environment that helps your team flourish.

Detailed explanation-4: -Organizational culture refers to a system of shared assumptions, values, and beliefs that show people what is appropriate and inappropriate behavior (Chatman & Eunyoung, 2003; Kerr & Slocum, 2005). These values have a strong influence on employee behavior as well as organizational performance.

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