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What Is Organizational Culture? How Is It Created or Formed

question 15

Essay

What is organizational culture? How is it created or formed? What does it consist of? Discuss, providing relevant examples where appropriate.


Definitions:

Shareholder Theory

The theory that a corporation primarily has a duty to maximize shareholder value and profit, as advocated by Milton Friedman.

Firm's Purpose

A firm's purpose is its core reason for existence, encompassing its mission, values, and goals, which guides its strategies and operations.

Stakeholders

Individuals or groups that have an interest in the performance and activities of a company, including employees, customers, suppliers, and investors.

Strategic Goal

Refers to a long-term aim that guides decision-making and strategy formulation in an organization.

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