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Organizational Culture in the Economy - Essay Example

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The researcher concludes that organizational culture develops from a business culture which is the manner in which different organizations do business or operate within a certain marketplace or region. This indicates that organizational culture is the manner in which organizations operate in their respective industries by controlling both internal and external factors …
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Organizational Culture in the Economy
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Download file to see previous pages Thus, organizational culture involves three core dimensions that help define the organizational environment and how the organization interacts with the different environments. The customer dimension helps in identifying the driving forces for the company with reference to the type of products and services provided to the customers. However, customer demand as influenced by preferences and tastes tunes the organization towards developing the above-mentioned defining characteristics. The people dimension of culture involves the interaction among organizational stakeholders and how this affects the performance of the organization as well as its ability to retain employees, investors, and attracts new investors as well. Finally, the performance dimension of culture is a defining tool of what the organization is involved with and what competitive advantages put it ahead of the completion.
With reference to the various dimensions of organizational culture, it is observed that organizational culture, as it borrows from business culture, is an important aspect that aims at defining purpose and relevance of the organization to the economy, target customers, and the organizational culture (Dalkir, 2011).
The impacts of not addressing organizational culture include the inability of the organization to not only lack focus on target customers, but also to develop a negative reputation within its marketplace. Many are the times when the term organizational culture is inappropriately used to refer to positive strategies of an organization. However, while organizational culture is not a set of policies targeting various aspects of the organizational operations, it is considered a set of variables that add up to inform of the organization’s mission and relevance within a defined marketplace. In this case, three major considerations when addressing organizational culture are of crucial importance to organizational management and other stakeholders.  ...Download file to see next pagesRead More
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