List and Describe the Four Characteristics of Successful Organizational Cultures

question 55

Essay

List and describe the four characteristics of successful organizational cultures and explain what is meant by success in this context. Identify an organization that you are aware of that seems to have a successful organizational culture,and characterize that organization on each of these four dimensions. Can an organization still have a successful culture if it is weak on one of these dimensions?

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Definitions:

Incremental Cost Approach

A decision-making process that focuses on the costs that will change if an action is taken, compared to if it is not taken.

Discount Rate

The interest rate used to discount future cash flows to their present value in capital budgeting projects.

Salvage Value

The projected amount an asset is expected to yield upon being sold at the conclusion of its usable lifespan.

Overhaul Costs

Expenses associated with major repairs or the restoration of equipment to ensure it operates efficiently.