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jeyben [28]
4 years ago
6

Culture is an integral part of any organization. Please define culture, how is it created, and give three examples of companies

with strong culture and explain how it is a competitive advantage for them. g
Business
1 answer:
Veronika [31]4 years ago
6 0

Answer:

Explanation:

An organization's culture shows the proper way that employees are expected to behave in an organization. Organizational culture is made up of values and shared beliefs which have been put in place by the leaders and then passed across to employees.

Organization cultures are created by several factors, such as founders preferences and values, goals, industry demands, and assumptions and maintained through leadership, employee onboarding, and reward system of the organization.

Examples of companies with strong organizational culture are:

• ‍Netflix: is a leading technology companies that is known worldwide. Netflix sets the highest standards for their employees. Standards are maintained by rewarding high performers.

• Google: ‍Google is an icon that most companies look up to. They give financial bonuses, free meals, employee social gatherings, gyms, parks, a dog-friendly environment etc. Google recruits the best hand and employees are motivated to work harder.

• Twitter: Twitter has a team-orientated environment and the employees enjoy rooftop meetings, health and fitness classes, friendly environment and continued education. Employees of Twitter believe that the work done by them matters and thus tends to aid productivity.

The company culture is a competitive advantage to these companies as it helps to improve employee retention, gives them a brand identity and also inspire the workers to work harder and achieve more.

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Answer: c. Crowdfunding

Explanation: Crowdfunding is funding by many individuals pooling their money together for a common goal, usually via the Internet. The required amount for the project is raised by pooling small sums of money from a large number of people. Each individual acts as an agent of the offering, by selecting and promoting the projects in which they believe in. A wide range of profit-based ventures such as creative projects, medical expenses, travel etc. have employed crowdfunding as a means of sourcing funds.

6 0
4 years ago
Using​ Taylor's rule, when the equilibrium real federal funds rate is 3​ percent, the positive output gap is 2​ percent, the tar
satela [25.4K]

Answer:

Using​ Taylor's rule, when the equilibrium real federal funds rate is 3​ percent, the positive output gap is 2​ percent, the target inflation rate is 1​ percent, and the actual inflation rate is 2​ percent, the nominal federal funds rate target should be <u>6.5 %.</u>

<u />

3+2+\frac{2-1}{2} +\frac{2}{2} = 6.5

4 0
3 years ago
Ending assets for CompuHelp equals $650,000, and the beginning retained earnings was $325,000. If net income during the period w
stira [4]

Answer:

It is $250,000

Explanation:

Ending retained earning = Retained earnings at the beginning+Income during the period-dividends paid

= $325,000+$225,000-$150,000

= $400,000

Ending liabilities = Total Assets- Ending retained earnings

                           = $650,000-$400,000

                           =$250,000

Using Accounting equation, All Assets= Total equity and liabilities

5 0
4 years ago
The labor demand curve is downward sloping because as the real wage ________ the amount of labor hired ________.
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As the real wage Increases, the amount of labor hired decreases. 
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Suppose that you were going to conduct a survey of visitors to your campus. you want the survey to be as representative as possi
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To make sure you have a representative sample, you should conduct a random survey and then ensure that the sample size is large enough to accurately reflect the population. Random samples remove the possibility of bias from the researcher.

3 0
3 years ago
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