If a Company Shapes Its Culture Around a Strategy Like

question 65

Multiple Choice

If a company shapes its culture around a strategy like price leadership or high quality products, its culture is growing out of the factor of:

• A) the organization's experience with the external environment.
• B) the company's founders.
• C) internal interactions, contact between groups within the organization.
• D) the subcultures within the organization.

---

Definitions:

Behavioral Economists

Academics analyzing the influence of psychological, cognitive, emotional, cultural, and social factors on the economic choices made by individuals and institutions.

Framing Effects

A cognitive bias where people react differently based on the way information is presented or framed, affecting decision-making and judgments.

Solar Panels

Devices that convert sunlight into electricity, using photovoltaic cells to capture and transform solar energy.

Neoclassical Economics

An economic methodology that explores how market distributions of commodities, outputs, and incomes are regulated by supply and demand dynamics.