Organizational Culture Is The

question 24

Multiple Choice

Organizational culture is the:

• A) norms and value systems that are shared among the employees of an organization.
• B) means through which a company assigns employees to specific tasks and roles and specifies how these tasks and roles are to be linked together to increase efficiency, quality, innovation, and responsiveness to customers.
• C) process of deciding how a company should create, use, and combine organizational structure, control systems, and culture to pursue a business model successfully.
• D) clear and unambiguous chain of command that defines each manager's relative authority from the CEO down through top, to middle, to first-line managers.
• E) principle that a company should design its hierarchy with the fewest levels of authority necessary to use organizational resources effectively.

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Definitions:

Retail Life Cycle

The progression of a retail establishment through stages of introduction, growth, maturity, and decline, similar to product life cycles.

Introduction Stage

The initial phase of a product's life cycle where it is launched into the market, characterized by high marketing costs and low sales volume.

Data Analytics

The process of examining datasets in order to draw conclusions about the information they contain, often with the aid of specialized systems and software.

Personalized Messaging

The practice of tailoring marketing messages and communications based on individual consumer data, preferences, and behavior.