This chapter discussed the role of values and beliefs in forming an organization’s culture. The topic of organizational culture is big business on the Internet. Many companies use their Web pages to describe their mission, vision, and corporate values and beliefs. There also are many consulting firms that advertise how they help organizations change their culture. The purpose of this exercise is for you to obtain information pertaining to the organizational culture for two different companies. You can go about this task by very simply searching the key words organizational culture or corporate vision and values. This search will identify numerous companies for you to use to answer the following questions. You may want to select companies that you would like to work for in the future. a. What are the espoused values and beliefs of the companies? b. Use the worksheet in Figure 3.6 to assess the Web page. What does the Web page reveal about the culture of this organization? Would this culture be conducive to effective project management? FIGURE 3.6Organizational Culture Diagnosis WorksheetPower Corp.I. Physical Characteristics:Architecture, office layout, décor, attireCorporate HQ is a 20-story modern building-president on top floor. Offices are bigger in the top floorsthan lower floors. Formal business attire (white shirts, ties, power suits, ...). Power appears toincrease the higher up you are.II. Public Documents:Annual reports, internal newsletters, vision statementsAt the heart of the Power Corp. way is our vision. . . to be the global energy company most admiredfor its people, partnership, and performance.Integrity. We are honest with others and ourselves. We meet the highest ethical standards in allbusiness dealings. We do what we say we will do.III. Behavior:Pace, language, meetings, issues discussed, decision-making style, communication patterns, ritualsHierarchical decision making, pace brisk but orderly, meetings start on time and end on time,subordinates choose their words very carefully when talking to superiors, people rarely work past 6:00p.m., president takes top-performing unit on a boat cruise each year....IV. Folklore:Stories, anecdotes, heroines, heroes, villainsYoung project manager was fired after going over his boss's head to ask for additional funds.Stephanie C. was considered a hero for taking complete responsibility for a technical error.Jack S. was labeled a traitor for joining chief competitor after working for Power Corp. for 15 years.

Note: The answers have been provided in a generalized manner.The shared values, beliefs, norms,…

Answered: This chapter discussed the role of…

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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This chapter discussed the role of values and beliefs in forming an organization’s culture. The topic of organizational culture is big business on the Internet. Many companies use their Web pages to describe their mission, vision, and corporate values and beliefs. There also are many consulting firms that advertise how they help organizations change their culture. The purpose of this exercise is for you to obtain information pertaining to the organizational culture for two different companies. You can go about this task by very simply searching the key words organizational culture or corporate vision and values. This search will identify numerous companies for you to use to answer the following questions. You may want to select companies that you would like to work for in the future.

a. What are the espoused values and beliefs of the companies?

b. Use the worksheet in Figure 3.6 to assess the Web page. What does the Web page reveal about the culture of this organization? Would this culture be conducive to effective project management?