Answer:
A strong organizational culture is one where the organizational strategy is aligned with its values, and where there is an integration of employees and a favorable environment for the development of skills, productivity, cooperation and innovation.
In a company where the culture is strong, there is greater creativity and innovation, as employees value their work more and are more valued, with training and benefits that make them more satisfied with their work and consequently more willing to strive to achieve organizational objectives and goals.
Organizational culture is essential for a company to be well organized and structured according to its purpose and identity, in a work environment where the culture is weak, greater conflicts may arise, performance decline, job turnover, and this can affect the entire result of a company.
To create a strong culture, it is necessary to have a management based on collaboration and assistance, where managers are the main instruments for the dissemination of good work practices and ethics.
The <u>Service-Profit Chain model </u>is based on a set of cause-and-effect linkages between internal and external performance, and in this fashion, defines the key performance measurements on which service-based firms should focus.
<h3>What is Service-Profit Chain Model?</h3>
This refers to a business model which was developed in Havard to determine the best method of operation that service-oriented firms should adopt. It shows the interrelationship between
- profitability,
- the loyalty of customers,
- productivity, and
- customer satisfaction,
which are all parts of a business that are necessary for growth and performance.
See the link below for more about Business Performance:
brainly.com/question/24673911
Answer:
The inventory would be increased by $55,283 and the profit has been decreased by the same amount.
Explanation:
The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:
Closing inventory difference = $225,513 - $170,230 = $55,283
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
Answer:
Selling syndicate members
Explanation:
Selling syndicate members is a term used in business or finance to describes part of a broker-dealers of a municipal bond issue. They are charged with the responsibilities of selling the bonds allotted to them.
From the sales of each bond, the total takedown, including the additional takedown is earned.
Hence, in this situation, the correct answer is Selling Syndicate Members
Answer:
A.Incorrect
B. Incorrect
Explanation:
a) A manager might reject a proposal using ROI that the manager would accept using residual income
The statement is incorrect. The reverse is true. Using ROI entails the manager comparing the ROI after a project to the ROI before, where implementing a project makes the ROI after to be less than what it before the project, the Manager would most likely not implement the project. This would happen notwithstanding that the project produces positive residual income.
b) Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income.
This statement is incorrect. ROI makes the manager to pursue his own interest and that of its division at the expense of the group objectives. It leads to sub-optimal decision
