A firm's organizational culture (also called corporate culture) can exist in formal a informal ways. Identify and describe: a. Formal organizational culture b. Informal organizational culture.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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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.
Transcribed Image Text: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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Note: ''Since you have asked multiple questions, we will solve the first question for you. If you want any specific question to be solved then please specify the question number or post only that question.” 

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. 

 

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