GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An internal factor
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An external factor
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A factor that a business has no control over
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A factor that influences the longevity of business life
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Detailed explanation-1: -Organizational culture is outlined at the highest level of an organization and then communicated, supported, and enforced throughout every other level. Therefore, leadership is a big internal factor that drives culture.
Detailed explanation-2: -Internal factors “nature” (innate instincts), e.g. biology and genetics and external factors “nurture” (parental influences), e.g. the environment and culture (Bandura, 1977; Freud 1961).
Detailed explanation-3: -Internal factors can influence the operations of a business both positively and negatively. The three main internal factors are labour, finance, and technology.
Detailed explanation-4: -Ultimately, different elements shape the organizational corporate culture and they include leadership, the set vision and mission statements, the environment, and all stakeholders together with the shareholders.