A Primary Way in Which Managers Shape Cultural Norms and Values

question 112

Short Answer

A primary way in which managers shape cultural norms and values to build a high-performance culture is through __________.

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Definitions:

Tangible Product

A physical item that can be perceived by touch and is produced for sale or use.

Service

The act of helping or doing work for someone, or a system supplying a public need such as transport, communications, or utilities.

Economic Principles

Fundamental concepts that guide the analysis of economics, including supply and demand, opportunity cost, and market equilibrium.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.