In Determining What Cultural Values Are Important for the Organization

question 158

True/False

In determining what cultural values are important for the organization, managers should consider the external environment, as well as the company's strategy and goals.

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Definitions:

Quality Is Free

A principle asserting that investing in higher quality processes, materials, and standards reduces costs in the long run by minimizing waste, errors, and defects.

Poor Quality

Refers to products or services that fail to meet acceptable standards or specifications, leading to customer dissatisfaction.

Six Sigma

A quality management methodology aimed at reducing defects and improving processes, utilizing statistical analysis to achieve near-perfect performance.