Strategic Managers Must Decide If the Organization's Culture Will Contribute

question 17

True/False

Strategic managers must decide if the organization's culture will contribute to the accomplishment of the strategy or must change over time.

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Definitions:

Triple Bottom Line

An accounting framework that incorporates social, environmental, and financial performance measures.

Socially Responsible

Refers to ethical practices and policies that aim to positively impact society, the environment, and communities while conducting business.

Corporate Social Responsibility

A company's commitment to manage its social, environmental, and economic effects responsibly and in line with public expectations.

Retention Rates

The percentage of customers or users who continue to use a service or product over a specific period, indicating loyalty or satisfaction.