In: Operations Management
A company's corporate culture is not defined by its:
a. values, business principles, and ethical standards that management preaches and practices.
b. atmosphere and the spirit that pervades the work climate.
c. intensity of peer pressure that exists to do things in particular ways and conform to expected norms.
d. manner of dealing with external shareholders.
e. industry's attractiveness as well as its competitive strength relative to that industry.
Answer: e. industry's attractiveness as well as its competitive strength relative to that industry.
The competitive strength of the company is related to the strategy which it uses and not related with the core values or corporate culture. Corporate culture deals with the behavior of the company with the people, stakeholders and the external situations.