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Organization's culture is the shared perception that organizational members have about its characteristics.As stated earlier, an organization's competitive advantage depends largely on its core competencies, which in turn individual value and technical capabilities of the organisation. The terms, Organisational culture, individual values and behaviours are sometimes used interchangeably, as if they mean one and the same thing. Moreover, potential individuals and team will be able to focus on their innate values and offer it as their key value propositions to organisation.
Finally, it can be concluded organisational culture has a significant effect on the competitive advantages over rivals.Rigid and conservative culture lead to centralized and hierarchical structure that limits the capacity to learn and adapt to changing environments.Organizational values like customer orientation, shared vision, mutual cooperation, merit-based rewarding, teamwork, collective learning, experimentation and innovation have enabled organizations to achieve sustainable competitive capability.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper
operating costs with quarterly breakup
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What is Risk Retention in Project Risk Management?
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Discuss three contemporary leadership theories and outline the conditions under which each of these theories is most effective.
Planning for risk and conflict?
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