List the Factors That Influence the Strength of an Organization's

question 5

Essay

List the factors that influence the strength of an organization's culture and discuss the impact of a strong organizational culture on employees.

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Definitions:

Marginal Utility

The additional satisfaction or benefit obtained from consuming one more unit of a good or service.

Consumer's Income

The total amount of income a person earns from work, investments, and other sources, influencing their purchasing power and demand for goods.

Process Innovation

Process innovation involves improvements in the methods or technologies used to produce goods and services, enhancing efficiency or reducing costs.

New Products

Items that have been recently developed or introduced to the market, offering new features or benefiting from recent technological advancements.