Chapter 71. A firm's organizational culture (also called corporate culture) can exist in formal andinformal ways. Identify and describe:a. Formal organizational cultureBUSI 101-CPA #7b. Informal organizational culture.2. Why is organizational culture important?3. As firms develop an organizational structure, they can assign work through specialization?How can specialization help a firm?4. Firms can also organize using departmentalization. Give an example and briefly describethe following types of departmentalization:a. Functionalb. Productc. Geographicd. Customer departments.5. After workers are organized into work groups they must be given responsibility to carryout the work. Briefly describe what is required for an effective Delegation of Authority.6. What is the difference between a centralized organization and a decentralizedorganization.

Answered: A firm's organizational culture (also…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Chapter 7
1. A firm's organizational culture (also called corporate culture) can exist in formal and
informal ways. Identify and describe:
a. Formal organizational culture
BUSI 101-CPA #7
b. Informal organizational culture.
2. Why is organizational culture important?
3. As firms develop an organizational structure, they can assign work through specialization?
How can specialization help a firm?
4. Firms can also organize using departmentalization. Give an example and briefly describe
the following types of departmentalization:
a. Functional
b. Product
c. Geographic
d. Customer departments.
5. After workers are organized into work groups they must be given responsibility to carry
out the work. Briefly describe what is required for an effective Delegation of Authority.
6. What is the difference between a centralized organization and a decentralized
organization.

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The organization's main goals will be to improve the organization's profitability and ensure efficient business process flow. This is made feasible with the aid of careful planning and cooperation between the organization's staff.

To have sustainability in the dynamic business environment, entrepreneurs should incorporate changes in the business process to cope with the changing environment.