Define Organizational Culture and Discuss Its Significance

question 7

Essay

Define organizational culture and discuss its significance.

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Definitions:

Operating Results

The outcome of a company's main business activities, including profit or loss, before considering the effects of non-operational income and expenses.

Factory Overhead

Factory overhead includes indirect costs incurred during the manufacturing process, such as utilities, depreciation, and salaries for supervisors that cannot be directly traced to specific units of production.

Manufacturing Process

A sequence of operations or steps used to convert raw materials into finished products through physical, chemical, or mechanical means.

Organization's Objectives

The specific goals a company seeks to achieve, guiding its operations and strategy, typically aimed at growth, profitability, and customer satisfaction.