Question

The internal environment includes corporate culture, production technology, organization structure, and physical facilities. Corporate culture is extremely important in an organization attempting to achieve a competitive advantage. There are FIVE elements of Corporate Culture. Please mention and define with example as well using specific company

Answer 1

According to me, The internal enviroment within which managers work includes corporate culture, production technology, organization structure, and physical facilities. of these corporate culture has surfaced as extremely important to competitive advantages. The internal cuture most fits the needs of the external environment and company strategic. When this fit occurs highly commited employees create a high performance organization that is tough to beat.

Five elements of corporate culture :-

1.) mission and vision :- your corporate culture begins with establishing a mission statement that alings with your corporate vision. It should define what your company wants to accomplish, how this should be done, who your market is, and the value you provide to them.

2.)values :- The most fundamentals aspect of a positive company culture is a declaration of the principles you strive for. Both your employess and customers will be relying on your faithful observance of qualities likes intergrity, honesty, and respect. open communication and transparency of corporate policy helps to prevent misunderstandings orginations that make promises they don't keep engage in misleading advertising, illegal activity or don't honor their policies will appear dishonest.

3.) Work Environment:-  Your employess will feel more loyalty and motivation within a culture tha repreasnts a pleasent and nuturing environment. Employess need incentive , inspriation and a work environment  where they feel secure and comfortable.

4.) Communication:- Across departments and command chains is one of the staples on business success. there should be effective dailog between managers and employees for making suggestions and providing mutual support. Your staff needs to feel that they're valued team members before they feel content in their roles.

5.) Management:- It boots employee perfomance and dedication when they know that they have the backing of their managers. Managers who can communicate that they respect their teams as individuals as well as employees command greater loyalty. Your workforce needs to feel that their employer is committed to their well-being in return for their hardwork and perseverance.