What is corporate culture? How does it shape an employee?

What will be an ideal response?


Every organization has a culture, fashioned by a shared pattern of beliefs, expectations, and meanings that influence and guide the thinking and behaviors of the members of that organization. While culture shapes the people who are members of the organization, it is also shaped by the people who comprise it. Even in this age of decentralized corporations and other institutions, there remains a sense of culture in organizations. This is especially true in small local firms, but it is just as true of major global corporations. Despite the fact that corporations have many locations, with diverse employee bases and management styles, an individual working for a large global firm in one country will share various aspects of her or his working culture with someone working for the same firm halfway around the world. This is not to say that their working environments cannot be wholly different in many regards; the corporate culture, however, survives the distance and differences. Businesses also have unspoken yet influential standards and expectations. If one joins a firm with a culture that supports other values than those with which one is comfortable, there will be values conflicts-for better or worse.

Business

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Yong Nam, CEO of LG, recently stipulated that English would be required throughout the company. His reasons for this action included all of the following statements except:

A) the need to have seamless communication. B) not to depend on a small group of people. C) impede information sharing. D) facilitate decision making. E) utilizing everybody's wisdom.

Business

Given one or more hypothetical assumptions, a responsible party may prepare, to the best of his knowledge and belief, an entity's expected financial position, results of operations, and changes in cash flows. Such prospective financial statements are known as:

A. financial projections. B. financial forecasts. C. pro forma financial statements. D. partial presentations.

Business

The company description in a business plan should ________

A) identify the form of your business and its business type B) discuss market characteristics, trends, projected growth, and barriers to entry C) explain how the product or service you are providing will benefit customers D) explain specifically how you will run your business

Business

Which of the following can cause delays in production in an MRP II system?

a. Processing time variability b. Part delivery variability c. Both processing time and part delivery variability d. Neither processing time nor part delivery variability

Business