Asked by Rafael Sanchez on Jun 27, 2024
Verified
A strong corporate culture helps an organization ensure market domination and strong profits.
Corporate Culture
The collective principles, convictions, and habits that form the sociocultural and psychological backdrop of a corporate entity.
Market Domination
When a company or product holds a predominant share of the market in terms of sales or customer loyalty.
- Evaluate the role of organizational culture in shaping performance and effectiveness.
Verified Answer
PP
Pranav ParmarJun 28, 2024
Final Answer :
False
Explanation :
While a strong corporate culture can contribute to employee engagement, innovation, and operational efficiency, it does not guarantee market domination and strong profits, as these outcomes also depend on external factors such as market conditions, competition, and consumer preferences.
Learning Objectives
- Evaluate the role of organizational culture in shaping performance and effectiveness.
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