Define Organizational Culture and Explain the Role It Plays in Controlling

question 34

Essay

Define organizational culture and explain the role it plays in controlling organizational activities.

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Definitions:

Externalities

Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.

Public Goods

Items that are non-excludable and non-rivalrous, meaning they can be enjoyed by everyone, regardless of whether they contribute to their provision.

Protective Function

Activities carried out by the government to safeguard the economy and its agents, such as regulation and enforcement.

Government

The organization, or system, by which a community or nation is governed, typically involving institutions and practices of authority.